• Apple had an enormous amount of call options speculation related to its summer surge
• A huge share of this was calls with a strike of around the current price of $550 and higher that expire January 19, 2013
• The institutional money managers that wrote those call options and bought common stock to cover will make a lot of money if a) those options expire worthless, and then b) Apple runs after that expiration date
Apple is getting a lot of buzz for being undervalued here, but there is an enormous amount of pressure on the price at these levels that will be lifted after options expiration.
Read more in the full article here.
[Thanks to MacDailyNews Readers “Dan K.” and “blaargh” for the heads up.]