Now to what is implied for the coming event, because the AAPL weekly options only have three days until expiration, they will be an organic way to derive what is implied for the event today after the close.  Using a KOTM implied volatility & time based model, we calculated the one-sigma move (68% probability within) to be roughly $28 up/down or about 68% chance we settle between $427 and $370 by the close on Friday. The two sigma move (95% probability within) is $56 either way or $455  & $342. The implied volatility curve (IV being a measure of risk, supply and demand, relative price, and an input into theoretical models) is displayed below, for it is important to know, especially if one is trading two different months in a spread.

The following chart includes the one and two sigma rolling probability cone, volume profile, and major moving averages (50, 100, & 200).  While the chart may seem noisy, it sure does tell us a lot if you listen! AAPL made its ATH of $700 and has been sifting lower since. AAPL is currently below all of its moving averages and massive prior low support sits at around $350 or the bottom part of the two-sigma confidence interval. The ATM (at the money) weekly $400 straddle (lifting the offer) is at about $27.80 (6.7% of stock).

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To focus on its primary business, Texas Instruments is shifting its focus form the wireless components of its business toward analog. The company is also looking towards a new segment called embedded processing. While the company has high involvement in manufacturing chipsets for popular e-book readers, competitors like Qualcomm, Inc. (NASDAQ: QCOM) are gaining substantial market share for newer smartphones and tablets. Despite competition, and TXN’s decision to step away from the growing wireless market, many analysts have strong recommendations for the stock with price targets in the range of $38 and $40. 

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Paper Bought 15,684 WMB May 36 Puts for $0.40 (2.3 times usual volume) with stock at $37.69
Paper Bought 2,766 OSIS May 50 Puts for $2.15 (12.4 times usual volume) with stock at $52.50
Paper Bought 2,000 BLMN May 20 Puts for $0.60 (47.7 times usual volume) with stock at $20.73

Paper Bought 3,000 MET Jun 37 Calls for $0.86 (2 times usual volume) with stock at $35.38
Paper Bought 10,000 KBH May 21 Calls for $0.65 (2.3 times usual volume) with stock at $20.28
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Paper Bought 11,000 UUP May 23 Calls for $0.06 (4.6 time usual volume) with stock at $22.52
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Paper Sold 1,950 COH May 46 Puts for $0.85 (2.2 times usual volume) with stock trading at $50.49
Paper Bought15,684 WMB May 36 Puts for $0.40 (2.3 times usual volume) with stock at $37.69
Paper Bought 3,000 MET Jun 37 Calls for $0.86 (2 times usual volume) with stock at $35.38
Paper Bought 10,000 KBH May 21 Calls for $0.65 (2.3 times usual volume) with stock at $20.28
Paper Bought 4,500 CTSH May 65 Puts for $2.40 (2.8 times usual volume) with stock at $66.75