Mike Khouw Sees Unusual Options Activity In Apple

On CNBC's "Options Action," Mike Khouw said calls outpaced puts by about 2 to 1 in Apple Inc AAPL on Monday, but that is not atypical because that is pretty much what he has seen over the last month in the name.

See Also: What To Expect From Apple's 'California Streaming' Event

The most active options on Monday were the September $150, $152.50 and $155 calls. Over 173,000 contracts of the September $150 calls were traded for $1.83. The trade breaks even at $151.83 or around 1.5% above the closing price on Monday. Buyers are risking around 1.2% of the underlying price to bet the stock is going to end the week higher.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date of Trade
ticker
Put/Call
Strike Price
DTE
Sentiment
Posted In: OptionsMarketsMediaCNBCMike KhouwOptions Action
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!