“Traders saw a pop in option volatility for the first time in weeks as investors took some profits in the broader markets Monday,” Mike Marino writes for TheStreet.com. “The CBOE Market Volatility Index (VIX), which is based on the implied volatility of the S&P 500 options and serves as a gauge for fear in the market, was recently up 7.9% to 11.74. The CBOE Nasdaq Volatility Index, a measure of the implied volatility of the Nasdaq 100, was climbing 5.9% to 14.71.”
Marino writes, “Apple Computer had the December/January 70 call spread trade 15,000 times. With this type of trade, also known as a calendar spread or a time spread, the buyer will be looking for Apple’s stock to remain at or below $70 a share until December’s expiration. After the expiration, the buyer will want the stock to trade above $70. Shares of Apple were lately up 6 cents to $69.40.”
Full article here.
Apple is one of Nasdaq’s ten most active stocks today with 29,399,553 shares traded in the session so far.
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Related articles:
Piper Jaffray raises Apple Computer price target from $68 to $79 – November 28, 2005
S&P analyst reiterates ‘hold’ on Apple, raises price target from $56 to $66 on TiVo news – November 21, 2005
Bear Stearns reiterates Apple ‘outperform’ rating, raises target to $70; AAPL hits new all-time high – November 16, 2005
Morgan Stanley ups Apple share price target from $60 to $70, expects ‘impressive’ future results – November 10, 2005
UBS: Apple to unveil Intel-based Mac mini in January; AAPL share price target raised to $74 – November 07, 2005
“Daddy, I want an Oompa-Loompa NOW!!!!!!!!”
And then my girlfriend said, “Wanna´cover my spread…?”
And I replied, “How long is my option expires”.
“Depends on how big your position is”, she said uncrossing her legs.
Lights fade…
Perhaps AAPL is turning the CORNER.
Profit taking is normal – what is important is how quickly the stock rebounds from those profits. As I write, the stock is still up $0.31 on the day, even though the open was about a point higher. Says to me that AAPL is on many investor’s Christmas shopping list as they rush to fill their positions before headlines read “Apple sells 10M iPods for Christmas, enhausts supply” or January’s MacWorld sends teh stock on another cannonball run.
Studly:
You plagiarize !!!
I read that in Penthouse Forums months ago…
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If I am correct, the Apple stock will go through the roof after the first of the year. Why? I think the new OS for the Intel design will keep the OS from working on a PC. How? Flash Memory, If the new Mac’s have a flash memory chip installed and Apple splits the OS Puts some of the OS in flash memory and the rest on the CD then you can’t take a copy and install it on a PC.
Invest NOW in Apple…
Jack – creative FRIENDS like you are hard to come by. I like your idea of embedding some key in a flash chip on the motherboard – but wouldn’t that just as easily be accomplished with a ROM chip (why use expensive Flash when all it really needs is to say “I’m an authentic Mac – procced!”? And if it can be accomplished with ROM, well isn’t that what the Trusted Computing chips are??? ROM chips?
It sounds like you’re on to something. Whatever it is, we know for sure that Apple has some hot new stuff coming in January.
Well what you say could be done, BUT Apple is also thinking of fast boot or instant on. I think going with flash memory would be the best way. Also if an update is required it would be much faster to replace the software in flash memory then in a ROM chip.