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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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.
Sure does.
Currently trading @ 22.80. (We will revisit this post later in the year.)
Going with Oct’08 130’s instead. When we brake $130. Almost there…
I think end of the year CSCO trades at least $27.50 unless we have a huge meltdown in the financial markets.
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..
RC: Call your bro, what happened to HEES ?
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.
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.
Nice trade, now get on the other side.