Morning Stock Movers: Apple, Pfizer, Caterpillar

AAPL - Apple, Inc. - Option implied volatility on the maker of the iPhone plummeted 30% to 25.78% following yesterday’s fourth-quarter earnings report. Apple posted profits and sales that exceeded even the more generous forecasts for the firm, sending shares up 5% to the $200.00-level. Option volume exploded to nearly 160,000 contracts by 10:00 am (EDT). Let’s keep an eye on the technology bellwether today to see how investors react to AAPL’s positive earnings report.

PFE - Pfizer, Inc. - The global pharmaceutical company continues to attract droves of option traders who exchanged about 60,000 contracts by 10:00 am (EDT). The firm posted third-quarter earnings of 51 cents per share that beat street estimates by about 3 pennies. Options on Pfizer surged during yesterday’s session, will we see similar heavy volume today?

CAT - Caterpillar, Inc. - Third-quarter results for CAT beat expectations by posting profits of 64 cents per share. Shares are up nearly 4% to $60.00 with option traders tossing around upwards of 60,000 contracts on the stock this morning. Perhaps the good news from CAT today points to signs of economic recovery for the global economy.

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