“Based on an options strategy known as a ‘straddle,’ which involves the simultaneous buying of bullish and bearish options expiring at the end of the week, with strike prices at current levels, traders are anticipating a post-results move in Apple shares of about 4.5%. Straddles can be profitable if the stock moves up or down more than expected…
“That might seem unusual, given the stock’s post-results history.
“The stock has averaged a 6% move, up or down, on the day after the last four quarterly results were reported. After the last 10 quarterly reports, the stock has moved 5.7%, on average.”