Apple Stock On Track to Snap Win Streak After Court Ruling

The stock is fresh off seven consecutive wins

Apple Inc (NASDAQ:AAPL) stock was last seen down 1.1% at $210.15, after a U.S. federal judge ruled that the iPhone maker willfully violated a 2021 court order from the Epic Games case regarding App Store fees. According to the court filing, Apple lied to the court and is potentially exposed to criminal contempt proceedings.

Should these losses hold, AAPL will snap a seven-day win streak — its longest rally since August 2024. The stock seems to be struggling to break out above the $210 level, which provided support in March but rejected the shares in mid-April. Year to date, the equity is down 15.5%. 

The “Magnificent 7” member will also report earnings after the close today, following Microsoft (MSFT) and Meta Platforms (META), which are both rising after their results. Apple stock has closed lower in five of its last eight post-earnings sessions, including the last two. Over the past two years, the shares have averaged a 2.4% swing — regardless of direction — following earnings. This time around, the options pits are pricing in a larger 6% next-day move.

When weighing in on AAPL’s next move, options look like a good way to go. The stock’s Schaeffer’s Volatility Scorecard (SVS) of 85 out of 100 means it has exceeded options traders’ volatility expectations over the past year, though investors should be wary of a potential post-earnings volatility crush.