News that the U.S. will be delaying tariffs on certain Chinese goods, including cell phones and laptop computers, has the Dow on the rebound today, with Apple Inc (NASDAQ:AAPL) at the helm. The tech giant has gained 4.1% so far, and is currently perched at $208.70 -- trading back near its pre-bear gap levels from earlier this month and eyeing its highest close since July 31.

Looking closer at the charts, AAPL sunk to a seven-week low of $192.58 last week, with trade fears sparking a huge sell-off for the shares of the iPhone maker -- days after they hit a year-to-date high on a short-lived post-earnings pop. The stock staged a hard rally near its 320-day moving average, however, and is now up more than 8% from last week's bottom.

Apple's surge has options volume running at an accelerated clip, with 324,000 calls across the tape, almost double the 178,000 typically seen at this point. The August 210 call is most active, with some buy-to-open activity detected. This suggest that traders are expecting even more upside for AAPL before the contract expires at the close this Friday, Aug. 16.

This surge in bullish behavior is a switch from recent options activity the equity has seen. While calls have been more popular than puts on an absolute basis during the past 10 days at the the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), AAPL's 10-day put/call volume ratio sits higher than 92% of all other readings from the past year, indicating the rate of put buying relative to call buying has been quicker than usual.

Echoing this is the security's Schaeffer's put/call open interest ratio (SOIR) of 1.42, which ranks in the 98th percentile of its annual range. This suggests that near-term traders have rarely been more put-biased toward the FAANG stock.