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Apple (NASDAQ: AAPL) is recently trading down $17.08 to $138.59. AAPL reported first-quarter profits of $1.58 billion, on revenue of $9.6 billion. AAPL estimates second-quarter revenue of $6.8 billion.
BMO Capital says, "AAPL released results that failed to live up to the overly exuberant expectations, particularly on iPods and CPUs." AAPL February option implied volatility of 69 is above its 26-week average of 51 according to Track Data, indicating larger movement.
Options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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