Replies to post #461516 on $Stock*Shop*Charts*News*Option$

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Apple (AAPL) has slashed its iPhone orders by 20%-25% from March quarter levels, claims Sterne Agee's Shaw Wu after conducting supplier checks. Such a cutback implies FQ3 iPhone sales of just 26M-28M, below Street estimates of 30M-31M. Wu's takeaway: Apple is being conservative in order to handle a demand pause ahead of the next iPhone launch, and to cope with high channel inventory. On the other hand, Wu believes Apple has increased iPad order plans.

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OptionsCommander<>$SPY "pop" to $134 from mid $133s. Now we see why there was a 50K surge in 133 May puts yesterday...lol