Apple Denies Newton, Back Over $600
Just as with the broad market, Apple is showing the schizophrenic signs of a market caught between two increasingly distinct Known Unknown scenarios. From down over three-standard deviations (most in 6 months) to up over two standard-deviations (most in 3 months) - even as implied vols remain elevated (as realized vol starts to pick up once again), Apple manages to deny gravity (for a day so far) as it has its best up day in over a month.
AAPL - after a dismal ugly open has pulled well over VWAP and is surging - on significant stock and options volume - now back over $600
but the chaos is a little concerning - we've seen this picture before...
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