Apple's stock has gone nowhere for 6 months. Traders expect a wild ride Thursday night

The stock is pricing in a 3.5% post-earnings swing tonight, nearly double the 1.8% average move seen after the last four quarterly reports. The headline is focused on implied volatility and expected earnings reaction rather than the underlying results, making it a sentiment/positioning note with limited standalone market impact.

Analysis

The stock is pricing in a 3.5% post-earnings swing tonight, nearly double the 1.8% average move seen after the last four quarterly reports. The headline is focused on implied volatility and expected earnings reaction rather than the underlying results, making it a sentiment/positioning note with limited standalone market impact.