Apple tests gap low in early trading, levels to watch The stock traded down to the low of a bullish gap from this week at $535.40 and then bounced slightly higher. A breakdown below $535.40 would fill the bullish gap, leaving $530.20 as next support. Resistance is at $538.50, the high of the session.
Apple volatility increases into Q1 and outlook Apple 1/29/16 call option implied volatility is at 77, February is at 42. March is at 34; compared to its 52-week range of 18 to 55, suggesting large near term price movement into the expected release of Q1 results today after the market close.