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Benzinga

Business

Craig Jones

INSANE: Apple traders are betting the worst is over | Vintage Vibes

Apple Nasdaq Michael Khouw

Shares of Apple Inc (NASDAQ:AAPL) tumbled nearly 6% on Thursday amid a broader sell-off in tech stocks.

On CNBC's "Options Action," Michael Khouw of Optimize Advisors said the stock traded in big volumes on Thursday. Apple’s stock traded over 1.5 times its average daily call volume, representing more than a million contracts, he added.

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