Wednesday, January 23, 2008

AAPL: Ok, I admit I gave into Greed!!!

I said I wasn't going to touch AAPL calls going into earnings, but now that they are already out and AAPL took a whooping like no one's business today, I couldn't help myself. I had a little disposal income laying around and these calls lost 7+ points at the opening bell. Sweet thing is that the calls can't really go down much further:

Buy to Open: 10 calls of AAPL Feb 165 at 0.91 <-- down from $8.10 pre-earnings!!!

--Kevin

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