Apple has been one of the few relatively stable stocks today
The big tech giant is holding steady as the broad market declines. The company has announced today that it is going to offer an infotainment solution alongside many automakers designed to connect your iOS device to your car. The market accepted the news with hands wide open.
As the week starts with substantial turmoil and crazy volatility across the binary options markets, there is one company that has barely budged when compared to the broad market today - that's the biggest company in the world by market value - Apple Inc.
For the past few months there have been rumors circulating that the company might announce something connected to cars, and the rumors are now facts - the company will roll-out an car infotainment operating system that allows your iOS device to be connected to your car.
CarPlay will allow you to use Siri voice commands to control everything on your phone. The only condition - it starts to work with devices above the iPhone 5. Customers will be able to access Maps, Music and the Messages apps. Third party apps like Spotify and Beats Radio will be supported as well.
The most exciting news around the announcement is that the company has gotten on-board a vast amount of car manufacturers - only in 2014 we have already Honda, Ferrari, Jaguar, Mercedes-Benz, Hyundai, and Volvo. Future support will come from Toyota, General Motors, BMW/Mini, Kia, Ford, Mitsubishi, Nissan, Land Rover and Subaru.
Looking at the chart we see the first trading opportunity to buy call options on the approach to the lower lying trend line around $519,50 - $520. This will be our first call for now - if we see this level tomorrow - we will buy daily calls.
Stay tuned to the updates section below, as the trading week progresses charts will be updated.