a stock options strategy known as a straddle is priced for apple inc’s stock aapl to move 702 in either direction on friday after the technology behemoth reports fiscal secondquarter results according to data provided by matt amberson principal at option research  technology services that’s a little more than the average oneday postearnings move of 668 over the past 12 quarters amberson said a straddle is a volatility play not directional that involves the simultaneous purchase of bullish call option and bearish put options with the same atthemoney strike prices or current prices and the same expiration dates apple reports quarterly results after thursday’s close for a buyer of the straddle to make money apple’s stock would have to more more than 702 or 42 in either direction on friday the straddle’s pricing is based on 30day implied volatility for apple’s stock of 303 which compares historical volatility over the past 90 days of 261 and the cboe volatility index vix at 2003 the vix tracks the sp 500’s 30day implied volatility