Stock option traders signal more muted Apple earnings reaction than usual

Shares of Apple 2.5%, ahead of the company’s fiscal fourth-quarter report due out after market close, as options traders have prepared for a more muted than usual stock reaction to Cupertino’s Q421 report.Tomi Kilgore for MarketWatch:An options strategy know[n] as a straddle, a pure volatility play that involves the simultaneous buying of bullish and bearish options with at-the-month strikes expiring Friday, is implying a one-day, post-earnings stock price move of $4.16 in either dir