Options market sees big move in Apple shares after earnings
NEW YORK/CHICAGO (Reuters) – The options market is bracing for a big move in Apple shares after it posts earnings on Wednesday amid what has been a dramatic plunge for the world’s most valuable publicly traded company. Apple Inc shares were trading at $512 on Tuesday, down sharply from $702. 10 in September, on worries that its mobile devices are no longer as popular. Based on options activity just hours before the announcement, due after the market close, traders were estimating about a 7 percent one-day move after the earnings, which would be a much more volatile outcome than normal for . . .
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