Why did someone trade an $18 million put option on Apple?

CPI landing market trend steady I feel nothing, plus yesterday on the cold stopped a more. But when I look at the list today, I have a vague feeling that there is something wrong:

Why does $Apple(AAPL)$ have 18 million more Puts? $AAPL 20221216 170.0 PUT$The expiration date is December 16th and the strike price is $170, which is an in-the-money PUT at the current apple price of $169. Although the current trend of Apple has reached the top of the stage, but also not so completely bearish?

Is it possible to sell put? This possibility is not ruled out, but it would mean a very good second half of the year, $170 is the low for Apple in the second half of the year, or a long period of sideways trading after that.

There is no rush to judge the exact outcome. As a rule of thumb, such big orders are usually delayed, and even if Apple turns the tide and starts to decline, it will be a few days later. During this period, you can think slowly, observe and deal with your position, and there is plenty of time.

In another pre-market flash point, the announcement of five major state-owned enterprises delisting from the United States, combined with the news of Alibaba's dual listing in Hong Kong, stirred speculation.

However, I think the bulk return of Chinese stocks is highly likely to be positive for Hong Kong stocks, otherwise there would be no one for $iShares China Large-Cap ETF(FXI)$ 4 million call in advance:​ $FXI 20221118 30.0 CALL$

That's about it. Have a great weekend, everybody!

# Options Hub

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  • Eddie Teng
    ·08-16
    Good [Miser] [Miser]
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  • Papa Bear
    ·08-15
    thanks [Surprised]
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  • MO75
    ·08-15
    it just a bet. people buy put too right ?
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  • Remotecam
    ·08-15
    a big correction is coming.  Buy then and wait for October to start going up. Peak November just like last year.  2023 gloom for US, boom for China. Unless something happens to Taiwan...
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  • Great article! I would like to share it.
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  • Frente
    ·08-14
    Whaf does it mean $18m put on Apple at $170? The trader is betting to buy $18m of shares at $170 before Dec 22?
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  • Deonc
    ·08-14
    Good sharing
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  • RiciaYang
    ·08-13
    Great weekend to u too
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  • RT126
    ·08-13
    Maybe he has nothing to spend?
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  • Philipoo
    ·08-13
    Nice! Like please
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  • @jeff123  watch out

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  • thanks for sharing. have a good weekend too
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  • GerryLoh
    ·08-13
    good sharing thanks
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  • ensemble
    ·08-13
    Great info
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    • Sebas997
      goodgood
      08-13
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  • market ran up too much too fast recently...due for correction
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  • yea lets see
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  • 好的谢谢你的分享
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  • gcchan90
    ·08-13
    its overvalued
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    • ColeHii
      👍
      08-13
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  • SteveGoh
    ·08-16
    Like please
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  • lauracky
    ·08-16
    ok
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