Should one be looking for a downtick play, Apple has the highest weighting in the PowerShares QQQ Trust (formerly the Nasdaq 100) at 13.35% while the Cubes options usually carry a lower charge for the vega than AAPL options.
Apple Inc. announced that for fourth quarter of 2011, it expects revenue of about $25 billion and diluted earnings per share (EPS) of about $5.50. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $27.7 billion and EPS of $6.45 for fourth quarter of 2011.My thoughts in an earlier AAPL post:
The stock is trading over $400 and I'm thinking of fading the entire market.
and in a comment at MarketBeat:
Also at MarketBeat:
"Apple Earnings: A Big Beat as iPad, iPhone Sales Soar"
"Apple’s iPad Swiftly Making Headway With Big Companies".
In late (and heavy) after hours action, AAPL is trading at $393.25 up $16.40 while the QQQ is up 22 cents at $59.07.
This morning we had "A New Way to Value Apple (AAPL)" for the bulls.
Now, with all constituencies served, I am outta here.