MarketPR
The options market around Apple (AAPL) is generating atypical activity into earnings, arriving as shares have already climbed 20% from their late-June low and closed to within two dollars of an all-time record.
Seven months of flat tape preceded that move. The combination is drawing attention to how participants are positioned ahead of the print.
Seven months of sideways, then a 20% sprint AAPL went effectively nowhere for the better part of seven months before the late-June turn.
A 20% advance off a multi-month low is a character change, and it has carried the stock to within reach of a record rather than out of a hole.
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