Profit takers pushed the stock lower 3% in extended trading after Apple signaled the company may not return to growth in the holiday quarter.
Apple topped expectations in its earnings report release Thursday afternoon in the face of its fourth consecutive quarter of declining revenue as an uncertain macroeconomic outlook questions global consumer demand for their products. Apple has kept up with the Nasdaq 100's outperforming year and continues to deliver alpha per the 3 year look back. Apple was by far the most profitable American company last year, with its $99.
mountain Apple, YTD A bear call spread is a two-part options strategy that involves selling a call option and collecting option premium upfront, and then simultaneously buying a second call option with the same expiration date yet at a higher strike price. Since the strike of the call sold is lower than the strike for the call purchased , the amount of option premium collected in the first leg is always greater than the cost paid in the second leg creating a credit spread scenario.
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