Mystery trader bets Apple could fall 8% on earnings

With the iPhone maker gearing up to report its fiscal third-quarter earnings after Tuesday's closing bell, investors might be getting a little too comfortable ahead of the results, Michael Khouw, co-founder and chief strategist at Optimize Advisors, said Monday on CNBC's"Apple is a name that typically moves about 6% on average the week that they report," Khouw said, referencing data from the last eight quarters. "Right now, the options market is implying a move of about 4.

"The put-call ratio was about double its average, so puts out-traded calls, which is uncommon for Apple," Khouw said of the bearish bets placed in Monday's trading session. When that trade was placed Monday, the mystery buyer was betting that Apple could fall 8% from its then-current levels. At Tuesday's levels, the presumed drop was closer to 7%.

Brian Kelly, founder and CEO of BKCM, said in the same segment that Apple's stock looks "kind of sleepy" with tangible business drivers like the 5G boom still far out on the horizon.

OptionsAction

OptionsAction Mistery trader 😂

OptionsAction This did not age well ... How about an update detailing the trader’s loss for guessing wrong.

OptionsAction Only to recover back in the next few days.

OptionsAction numerai is a perfect pick. Skin in the game.

OptionsAction Yolo

OptionsAction Am short $aapl

OptionsAction $AAPL Bullish

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Under Armour stock set for worst day in 2 years; Apple, AMD earnings on deckUnder Armour Inc. is still struggling to figure out North America, and that is weighing on its once-hot stock. Still too high D_Alban4
Sumber: MarketWatch - 🏆 3. / 97 Baca lebih lajut »

The earnings menu: Beyond Meat, Apple and a big bag of chipsBeyond Meat Inc. will be the appetizer for the coming week of earnings reports, with Apple Inc. as the main course and Big Oil serving as a dessert.
Sumber: MarketWatch - 🏆 3. / 97 Baca lebih lajut »