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The "three" operator is unnecessary.

• Option update 7-31-07: Unconfirmed chatter Apple reducing iPod production

  Published: July 31, 2007, 10:25 am

  Tags: Aapl, Apple, Inthenews, Iphone, Ipod, Ipod Production, Ipodproduction, Itunes, Option Implied Volatility, Option Volume, Optionimpliedvolatility, Optionvolume, Steve Jobs, Stevejobs, Three Billion Songs, Threebillionsongs, Under Armour, Underarmour

  AAPL announced three billion songs have been purchased and downloaded from iTunes.com. RBC Capital reiterated its Outperform rating on AAPL. AAPL call option volume of 106,511 contracts compares to put volume of 87,001 contracts. AAPL August option implied volatility of 43 is above its 26-week average of 37 according to Track

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