Apple Computer (AAPL, news, chart, volatility) hit a low of $84.72 after Gizmodo ran a story stating that Steve Jobs’ rapidly deteriorating health was his reason for backing out of next month’s MacWorld. The stock has since bounced back to $86.16, but brisk trading in the January 85 and 80 puts seems to reflect mounting investor anxiety about the short-term outlook for Apple Computer shares.
About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.