Apple (NASDAQ: AAPL) is recently down $17.19 to $149.10 in pre-open trading.
AAPL expects Q4 EPS of $1.00 versus consensus of $1.24.
Deutsche Bank says: "Regarding Steve's health, mgmt said 'he has no plans to leave Apple and his health is a private matter'. While the topic is delicate, we believe the absence of a straightforward denial of health issues will increase speculation of worst case scenario."
AAPL August option implied volatility of 56 is above its 26-week average of 49 according to Track Data, suggesting larger price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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