Posted by difenbaker
Apple Bears Awaken With Volatility Highest in Four Months
http://www.bloomberg.com/news[....]ty-highest-in-four-months.html
Price Swings
Since the start of September, Apple shares have endured the biggest price swings in more than four months, whipped up as the company addressed complaints that its new iPhone 6 Plus bends and dealt with dropped cellular service. Over the same period, the S&P 500 has fallen 2.9 percent and the Chicago Board Options Exchange Volatility Index has jumped 35 percent.
“Volatility is creeping back into the market,” Steve Sosnick, equity risk manager at Timber Hill LLC, the market-making unit of Greenwich, Connecticut-based Interactive Brokers Group Inc., said in a Sept. 30 phone interview. “It’s no surprise that people would want to hedge profits on such a huge company that’s had great returns this year. They’re more fearful than greedy.”
Apple’s stock climbed 28 percent in the first eight months of the year and has fallen since amid price fluctuations that widened by more than 30 percent. The stock plunged 4.2 percent on Sept. 3, the second-biggest decline of the year, and tumbled 3.8 percent on Sept. 25 when the S&P 500 lost 1.6 percent.
iPhone Issues
That drop was part of a two-day, 4.6 percent retreat that came as purchasers of iPhone 6 Plus complained the device was bending. Customers who updated their iOS8 software to the latest version experienced dropped cellular service.
The 4.2 percent tumble occurred the day after Apple reached a record high of $103.30. Shares of the Cupertino, California-based company slid amid speculation that its iCloud service had been breached by hackers as nude pictures of celebrities leaked online.
“Given the run in the stock, I’m not surprised people are paying up for protection on a relative basis,” Stephen Solaka, who helps oversee about $150 million as managing partner of Belmont Capital Group in Los Angeles, said in a Sept. 30 phone interview. “The stock has held in there near all-time highs. People are locking in gains.”
The Chicago Board Options Exchange Volatility Index (VIX), the gauge known as the VIX, averaged 13.5 last month, 3 percent above its mean level during the third quarter. The gauge has climbed 8.8 percent to 16.16 this week.
Since the start of September, Apple shares have endured the biggest price swings in more than four months, whipped up as the company addressed complaints that its new iPhone 6 Plus bends and dealt with dropped cellular service. Over the same period, the S&P 500 has fallen 2.9 percent and the Chicago Board Options Exchange Volatility Index has jumped 35 percent.
“Volatility is creeping back into the market,” Steve Sosnick, equity risk manager at Timber Hill LLC, the market-making unit of Greenwich, Connecticut-based Interactive Brokers Group Inc., said in a Sept. 30 phone interview. “It’s no surprise that people would want to hedge profits on such a huge company that’s had great returns this year. They’re more fearful than greedy.”
Apple’s stock climbed 28 percent in the first eight months of the year and has fallen since amid price fluctuations that widened by more than 30 percent. The stock plunged 4.2 percent on Sept. 3, the second-biggest decline of the year, and tumbled 3.8 percent on Sept. 25 when the S&P 500 lost 1.6 percent.
iPhone Issues
That drop was part of a two-day, 4.6 percent retreat that came as purchasers of iPhone 6 Plus complained the device was bending. Customers who updated their iOS8 software to the latest version experienced dropped cellular service.
The 4.2 percent tumble occurred the day after Apple reached a record high of $103.30. Shares of the Cupertino, California-based company slid amid speculation that its iCloud service had been breached by hackers as nude pictures of celebrities leaked online.
“Given the run in the stock, I’m not surprised people are paying up for protection on a relative basis,” Stephen Solaka, who helps oversee about $150 million as managing partner of Belmont Capital Group in Los Angeles, said in a Sept. 30 phone interview. “The stock has held in there near all-time highs. People are locking in gains.”
The Chicago Board Options Exchange Volatility Index (VIX), the gauge known as the VIX, averaged 13.5 last month, 3 percent above its mean level during the third quarter. The gauge has climbed 8.8 percent to 16.16 this week.
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Posted by Ranjith
Calls Dropped
Stocks Dropped
Posted by Supa_Fly
While BlackBerry's stock goes up.
http://www.bloomberg.com/quote/BB:CN
EVEN on the much weaker Canadian dollar?!
Posted by difenbaker
Can Apple's iPhone 6 Reverse Its Market Share Losses In China And Japan?
http://www.forbes.com/sites/c[....]are-losses-in-china-and-japan/
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