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A 2.18 percent gain, to $541.39, in Apple's stock lifted the Nasdaq composite index, as the company rebounded from a week in which investors took profits before a possible tax increase next year.
Before the bell, the stock lifted to $179.63 from its close of $167.71.
The spike in demand for options on the stock lifted the overall reading of options implied volatility 17.2% to 28.02% by midday.
The increase in investor demand for call options on the stock lifted UA's overall reading of options implied volatility 15.6% to 47.98%.
The surge in demand for put contracts on the stock lifted the overall reading of options-implied volatility on CAH by roughly 21.8% to 32.32% as of 11 15 a.m.
The subsequent rise in the price of the underlying stock lifted premium on the calls, allowing him to sell all 2,300 calls at that strike for a premium of $2.20 apiece.
Similar(49)
Stocks finished flat on Friday, recovering from moderate declines as bargain hunters rushed in to buy Apple stock, lifting it off its lows, and acquire other stocks battered recently by disappointing results.
London stocks lifted this morning on fresh hopes of an easing of trade tensions between America and China.
Technology stocks lifted the Nasdaq composite index to 2,389.86, a 1.7percentt gain.
Meanwhile, energy and drug stocks lifted the Dow Jones industrial average and the Standard & Poor's 500-stock index.
[C4.] Bargain Hunters Lift the Nasdaq The lure of cheaper technology stocks lifted the Nasdaq composite index but punished the Dow Jones industrial average.
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