Heavy volume in Apple Inc. (AAPL) puts expiring in one year with a strike price 4% lower shows that institutional investors are bullish on AAPL. In addition, this short-put play provides a 6.76% one-year yield.
AAPL is trading at $322.96 midday on Wednesday, Sept. 16. This is off a recent peak of $340.08 on July 28, but up from a trough of $302.25 on Aug. 12.