User metrics are better than expected.
Starboard Value didn't get everything it wanted from Yahoo!, but it won where it counts. 

Intermediate Trade: Apple Real Money Pro($)

If one has a directional opinion, calls are cheap and puts are cheap. Either way, own the July straddle.
Analysts raise their expectations ahead of the company's earnings release.
It will be interesting to see the impact of Neuberger Berman and Carlson Capital on the laser technology name.
Options are priced for a move just over $8, creating opportunity.
Anyone who didn't see this coming was mad as a hatter.
The rash reality will weigh on the shares short term, but long term Apple has lots of growth drivers.
AAPL should be owned, but it can be traded as well.
And believe me, that is not a compliment.

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