Option Block 427: Rocking AAPL Earnings

The Option Block · Apr 28, 2015 · 1m

Option Block 427: Rocking AAPL Earnings

Trading Block: AAPL earnings after the bell.

AAPL Stats:

· ATM weekly straddle: $7.20 - approx 5.4%.

· ADV: 988K contracts.

· Today: 1.7M contracts.

· Call/put ratio: 2.1/1.

· Net deltas: short 670k.

· Calls sold on bid roughly equal to calls bought on ask - puts also evenly divided.

· AAPL volatility bets surge in options market as buyback beckons.

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