Shares of Apple Inc. rose 0.1% in afternoon trading Wednesday, ahead of the technology behemoth's fiscal second-quarter results due out after the closing bell, while options pricings are pointing to a smaller-than usual post-earnings price move. An options strategy known as a "straddle," which is a pure volatility play that involves the simultaneous buying of at-the-money bullish (call) and bearish (put) options expiring at the end of week, suggest a $4.74 move (about 3.5%) in either direction on Thursday in reaction to results, according to data provided by Options Research & Technology Services.
Apple stock options points to smaller than usual post-earnings move