On CNBC's "Options Action," Michael Khouw of Optimize Advisors said that Apple Inc. AAPL traded 1.5 times its average daily put volume on Thursday. “There were a lot of big bearish bets made,” he mentioned.
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There was a buyer of 23,000 of the November 120 puts at $2.43 per contract, Khouw said. The trader bet $5.6 million on the stock declining by at least 17.5% by November expiration, he added.
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