If you think it will not..or if you think it will.. there's an index you can buy or short that trades on that principle.
It is the alpha index traded on the Nasdaq called ...
NASDAQ OMX Alpha AAPL vs. SPY Index (INDEXNASDAQ: AVSPY)
The idea behind the Alpha Index was to provide a trading vehicle that could be used to isolate the relative performance of Apple Inc. (Nasdaq: AAPL). Rather than betting on a rise or fall in the marketplace, this index option offers the ability to bet on whether Apple is going to outperform or underperform the market. In the case of outperformance the index will rise; in the case of underperformance the index will fall.
As apple stock kicks above 600, what alternatives does one have to get a play in apple without dishing out big bucks per share. To the rescue comes the ETF's. Apple makes up a big kahuna of ETF's XLK, IYW, QQQ as around 20% of the holdings are weighted in AAPL stock.
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