Insuring Against Apple Blow-up Just got a lot More Expensive
Employees cheer and applaud before the opening of the Apple Inc. Omotesando store in Tokyo, Japan, on Friday, June 13, 2014.
Photographer: Tomohiro Ohsumi/BloombergThis article is for subscribers only.
Apple Inc. has reached $700 billion in market value. As investors buy up the stock, some are also hedging their bets.
Options trading shows the cost of protection more than tripled since a low on Nov. 17, according to data compiled by Bloomberg. The shares are not safe from market drawdowns and a stronger dollar may hurt earnings, said Virginie Robert of Constance Associes. After climbing to a record in 2012, Apple fell 44 percent in seven months.