After missing the expected earnings and profits numbers, Google's shares are down 4% in after-hours trading. Apple's shares however are up by 1% in reverse sympathy.
Google Android is beginning to look like a real contender for Apple's ubiquitous iPhone, so the companies are now regarded as serious rivals. Bad news for one parlays into good news for the other.
With the options expiration tomorrow combined with the Google's earnings release, Apple's iPhone 4 antenna press conference, and BP's capping of the oil leak, the market should expect a busy and volatile day.