Apple’s Market Cap Surpasses The Entire Russell 2000 Due To “Option Insanity”

The convexity skew picture on big-name equities like Apple $AAPL has gone parabolically stupid. Let’s keep this simple and draw a conclusion.

Apple $AAPL Stock near $130
Jan $180 Strike Calls costs $4
Jan $80 Strike Puts costs $1
*Both options are $50 out of the money, approx data, BUT it is nearly 3x more expensive to buy upside risk in AAPL equity. What does this mean?

Apple closed near $130, while the cost of speculative upside calls is weighted heavily against the buyer.