Apple Inc. (NASDAQ: AAPL) is recently trading up 12 cents to $119.29. AAPL has a market cap of $104 billion with zero long-term debt and $18.4 billion in cash and short term investments.
AAPL has been subject to unconfirmed stock buyback chatter after IBM (NYSE: IBM) announced an additional $15 billion buyback on Feb. 26. AAPL March option implied volatility of 42 is below its 26-week average of 47 according to Track Data, suggesting decreasing price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.
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