Apple Shares Have More Downside Ahead

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.

Check out other stocks making moves in the premarket.

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.

Also Read: Bulls and Bears Of The Week: Tesla, Apple, Meta And Why Michael Burry Says This Could Be Worse Than 2008

 

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date of Trade
ticker
Put/Call
Strike Price
DTE
Sentiment
Posted In: Short IdeasOptionsMarketsMediaTrading IdeasCNBCMichael KhouwOptimize Advisors
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!