Apple Shares Have More Downside Ahead – Apple (NASDAQ:AAPL) – Benzinga

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

 

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