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2024
December 24th, 2007 at 1:06 pm
Phil – Argh. Too boxy in my earlier thinking. I knew that there was another reason that I’d done the Apr/Jan trade. ’cause I can always use the Jan sell as a cover against the actual stock.
Granted, that means that I’m leaving $13 uncovered, but I already got most of that in the original premium.
At least that’s the lie that I’ll tell myself until Wednesday seeing as how my options sell price didn’t quite get reached today.
Looks like AAPL closed at $198.80 after hitting $199.33. $199.33 is the legitimate all-time-high seeing as how 12/14’s $200 was really just a bad tick. I’m still quite comfortable with my mid-point of $210 to $215 at options expiration. With a standard deviation of around $10 to $15. And I’m definitely slanted more bullish than bearish. 😉
But the entire reason I take this week off (aside from spending some time with friends and family) is so that I’m not distracted by work if I need to change my mind in an instant. I’m happy with AAPL the company. Now we just have to get the stock to perform.
Of course, come Wednesday, we might well have some negative news flow about iTunes Store being slow Christmas Day. But from a stock perspective, that’s usually actually a good thing. 😉
reinharden