iBankCoin
Joined Jan 27, 2008
7,308 Blog Posts

The Hundred Dollar Call

Got a hundred dollars to invest? Buy AAPL Jan’09 $200 calls, trading at $1.00. Keep in mind we are not expecting to exercise the options, just trade them.

We will revisit this call later in the year.

Disclaimer: Long calls in AAPL

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9 comments

  1. DB

    Just about anything can happen in this market so why not? Taks a look at CSCO here as well. It looks dirt cheap to me.

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  2. RaginCajun

    Sure does.

    Currently trading @ 22.80. (We will revisit this post later in the year.)

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  3. DPeezy

    Going with Oct’08 130’s instead. When we brake $130. Almost there…

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  4. DB

    I think end of the year CSCO trades at least $27.50 unless we have a huge meltdown in the financial markets.

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  5. Goldie

    I got the new I phone this weekend and it’s the shiznit!!
    I might get a couple calls and try to get my $$$ I spent on the phone..

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  6. ShortBus

    RC: Call your bro, what happened to HEES ?

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  7. DPeezy

    If we’re looking at downbeat, slow-moving tech, you should be buying INTC. Similar outlook to CSCO…mid 20’s by the end of the year (~25% gain), easily.

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  8. Ozark Hillbilly

    Bought AAPL $100 and $145 puts at different strike dates (but primarily January) just before the stock hit it’s August high. Not an exceptionally large amount, but on a percentage basis those have got to be my best trades of the year by far. Enough to get some running water and indoor plumbing here at the cabin.

    I would be happy to go back the other way now as I love out of the money options, but I have no conviction about the direction of the stock, and I think there is more risk to the downside. Just IMO. I still have a handful of those $100 puts.

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  9. RaginCajun

    Nice trade, now get on the other side.

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