Bearish Options Bets on Apple Are Spiraling Higher
Apple is in the middle of its worst slide since 2012
A graph of three-month, 90/110% skew in Apple Inc. options.
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Apple Inc. is down 13 percent in 17 days, its worst retreat since 2012, and in the options market at least, few traders are interested in buying the dip.
Speculators in Apple options are snapping up bearish bets at the fastest rate in almost four years. While Apple staged a late morning rebound Wednesday, they see no end to pain for a stock where as much as $130 billion of market value has been erased since it reached an all-time high in February.