economy
April 30, 2026
Apple's stock has gone nowhere for 6 months. Traders expect a wild ride Thursday night
Implied volatility in the stock suggests a 3.5% swing after earnings tonight, compared to an average move of just 1.8% following the last four quarterly reports.
TL;DR
- Apple stock has shown no significant movement in the last six months.
- Implied volatility suggests a potential 3.5% swing after the upcoming earnings report, higher than the average 1.8% post-earnings move.
- Call volumes and premiums are currently outpacing put options.
- Recent large trades involve selling calls, with one trader collecting nearly $1 million in premium.
- Historically, Apple stock has fallen after five of its last six earnings reports and seven of the last ten.
- Despite historical trends, some traders are paying above market price for call options.
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