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One unusually large put option purchase in Apple Inc (AAPL) stock shows that a large investor is bearish. But has AAPL stock really peaked? Maybe not, especially if its free cash flow (FCF) comes in strong.
The large put option purchase is at the top of Barchart's Unusual Stock Options Activity Report on Wednesday, June 21. The report indicates that an investor likely bought an in-the-money put option for a large amount of money for expiration on July 7. That indicates they believe the stock will likely fall in the next 16 days.