Apple Moved More Than 2% In 5 Straight Sessions: Here Is Why This Is Notable

On Tuesday, the stock gained 2.4 percent and had risen 2.2 percent on Monday. Backtracking to last week, the stock fell last Thursday and Friday by 2.6 percent and 2.3 percent, respectively.

So What?

Stacey Gilbert, Susquehanna's head of derivative strategy said during an appearance on CNBC's "Trading Nation" segment that investors should become "excited" over the volatility in Apple's stock. Do you have ideas for articles/interviews you'd like to see more of on Benzinga? Please email feedback@benzinga.com with your best article ideas. One person will be randomly selected to win a $20 Amazon gift card!

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Investors have been rushing in to buy Apple's stock this week, as the overall sentiment surround iPhone 7 continues to improve.

Perhaps more importantly, Apple's shares have moved more than 2 percent in either direction for five straight sessions and the last they had done so was back in April 2009 — and this could be a bullish sign.

"Any way you look at that, sentiment says that Apple could go higher," Gilbert said while adding that investors are using the option market in the hopes of profiting from continued upside.

On the other hand, Boris Schlossberg of BK Asset Management provided CNBC with the other side of the trade.

He said that investors should "be cautious about chasing the highs at this point," and a prudent move would be to wait for a 2 or 3 percent move to the downside before buying shares.

"I think it's just run away for the near term at this point," he said.

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