AAPL is down today after hours. The Stock closed around 118.25. At the closeof equity trading the stock was trading down to 114.95, a nice drop of 3.30. However, its not just the stock activity that is disappointing. Take a look at the level the straddle went out.
LivevolX for Lightspeed
If anyone is worrid about the election, it ain't vol traders right now. Take a look at the collapse of VVIX since the final debate:
This price action seems to price in divided government which the market seems to want.