
The Supreme Court Monday crushed Apple Inc’s (NASDAQ:AAPL) bid to revive its patent dispute with Qualcomm, Inc (NASDAQ:QCOM) in a lawsuit claiming infringement by Apple’s iPhones, iPads, and Apple Watches.
On CNBC's "Options Action," Michael Khouw of Optimize Advisors said that Qualcomm traded 1.6 times its average daily put volume on Monday. Calls outpaced puts by about 2:1, he added.