Mike Khouw Sees Unusual Options Activity In Apple

On CNBC's Options Action

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, Mike Khouw spoke about unusually high options activity in Apple Inc. (NASDAQ: AAPL). On Thursday, Khouw noticed that there were more bearish bets than bullish bets in the name.Khouw said that the activity was in the September 115 put options, which were trading for $1.50. The breakeven for the trade is at $113.50 or 7 percent lower from the current stock price. At this price level the company would be trading at 10 times full-year earnings, excluding cash.

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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


Posted In: CNBCOptionsMarketsMediaMike KhouwOptions Action