Apple, Inc. is expected to make an announcement re: its quarterly earnings later today. Bloomberg news recently noted —
“As iPhone fans await the release of a new model, they are delaying purchases and may cause Apple Inc. (AAPL), the world’s largest company by market value, to post its slowest sales and profit growth in more than two years.”
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.
1-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. Yesterday, the closing price of AAPL was 603.83.
30-DAY HISTORIC VOLATILITY OF AAPL STOCK SINCE MID-1986
According to Bloomberg analysis, the 30-day historic volatility of AAPL stock usually was higher around the tech bubble 13 years ago than it has been in recent years. At the end of last week, Bloomberg stats showed that the 30-day historic volatility of AAPL was 18.8.
For more information about the VXAPL Index, please visit www.cboe.com/VXAPL