Apple Shares Have More Downside Ahead

On CNBC's "Options Action," Michael Khouw of Optimize Advisors said that Apple Inc. (NASDAQ: AAPL) traded 1.5 times its average daily put volume on Thursday.

byPriya Nigam

October 2, 2022

1 minute read

On CNBC’s “Options Action,” Michael Khouw of Optimize Advisors said that Apple Inc. (NASDAQ: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.

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