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Apple Revenue To Shrink But Options Traders Unfazed


Ron Burgundy
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Details are pictured on the backside of an Apple Iphone 6 on a table in a restaurant in HanauBy Saqib Iqbal Ahmed NEW YORK (Reuters) - Apple Inc on Tuesday is likely to report its first decline in revenue in more than a decade, and analysts expect to hear bad news on iPhone sales, but traders in the options market are not running scared. Relative to bullish bets, the cost of bearish options on Apple is now near the low end of the range they have inhabited over the last year, as traders await what they hope will be encouraging guidance - including a possible increase in dividends and buybacks - along with the weaker sales. When compared with 30-day bullish Apple options, the cost of bearish options is lower than about 85 percent of the time over the last year, according to options analytics firm Trade Alert.




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