Apple Is Showing Unusual Out-of-the-Money Put Options Activity - Highlighting AAPL Stock's Value

Today a Barchart report shows there is unusual put options activity in Apple Inc. (AAPL) stock. This is for deep out-of-the-money (OTM) puts, i.e., strike prices well below today's price. The strike price is for a nearby expiry period. This could likely be from a short-seller of the puts, highlighting the underlying value of AAPL stock value here.

The Barchart Unusual Stock Options Activity Report today shows that over 22,000 contracts traded in the $155 strike price put option expiring May 10, which is one month away. Since AAPL stock is trading at $168.03, this strike price is $13.03 below the spot price, or 7.75% out-of-the-money.