Moderately bullish activity in Apple with shares up 1.35%

Moderately bullish activity in Apple (AAPL), with shares up $3.66, or 1.35%, near $273.83. Options volume roughly in line with average with 848k contracts traded and calls leading puts for a put/call ratio of 0.49, compared to a typical level near 0.57. Implied volatility (IV30) is higher by 0.2 points near 27.59,and above the 52wk median, suggesting an expected daily move of $4.76. Put-call skew flattened, suggesting a modestly bullish tone.The company will report earnings after the close today. Option markets are pricing in a 50% probability of a move greater than 2.8% or $7.67.