Tuesday, July 24 – Apple, Inc. announced its quarterly earnings today. Bloomberg news noted —
“Apple Inc. (AAPL)’s profit and sales fell short of analysts’ projections for only the second time since 2003 as customers held off on iPhone purchases while waiting for a new model to be introduced later in the year. … The iPhone is Apple’s biggest source of revenue. ‘Every quarter that Apple isn’t launching a new iPhone it’s a transition quarter,’ said Brian Marshall, an analyst at ISI Group. “That’s the key product that matters.” Apple, the world’s largest company by market value, fell in extended trading. …” www.bloomberg.com
IMPLIED VOLATILITY OF AAPL OPTIONS
Investors who use AAPL options to manage risk and enhance income can check intraday updates of the CBOE Equity VIX on Apple (VXAPL) www.cboe.com/VXAPL to gain a better understanding of changes in AAPL implied volatility. Th eVXAPL closed at 34.34 today.
ONE-WEEK CHART OF VXAPL INDEX www.cboe.com/VXAPL
SPREAD BETWEEN VXAPL AND VIX INDEXES
In the chart below, note that the spread between VXAPL and VIX indexes can vary substantially. For example, on Nov. 3, 2011, the VIX was slightly higher than the VXAPL Index, while yesterday, the VXAPL closed at 34.82 and VIX closed at 18.62. The average spread between the VXAPL Index and VIX Index has been about 10.3 points.
AAPL STOCK SINCE MID-1986
AAPL’s stock price reached daily high closing prices of 144.19 on March 22, 2000, and 636.23 on April 9, 2012.
For more information about the VXAPL Index, please visit www.cboe.com/VXAPL