The story raises a question that any AAPL
investor doesn't really want to contemplate: a future without Steve Jobs.
options can be considered expensive when the VXAPL is really high, like it is now.
During this time frame, AAPL
has dropped more than 12 percent, taking out its 10-week trendline in the process.
In June, AAPL
acknowledged that some of the stock options awarded to employees might have been mishandled, and launched an investigation that found accounting irregularities between 1997 and 2002.
With the rest of the stock's sentiment indicators remaining the same from the last time we looked at AAPL
(13 "buys" out of 17 ratings on Wall Street, and a short-interest ratio of less than two), let's skip ahead and take a look at how the stock has fared on the technical front.
Whether the holiday season is to blame, or the speculation over the much anticipated iPhone is the real culprit, the fact is that calls are now the investment vehicle of choice of AAPL
If it rejects the stock, how far will AAPL
fall from the tree?
The speculation over the iPhone and anticipation for some solid sales figures for the iPod have pushed AAPL
into new all-time high territory today.
stated that the airlines will offer seat connections for iPods that will charge the devices and allow video content to be viewed on seat back displays.
continues to shuffle higher, the speculative options crowd is rather bearish, evidenced by the firm's Schaeffer's put/call open interest ratio (SOIR) of 1.
Last night, AAPL
reported a fourth-quarter profit of $546 million, or 62 cents per share - blowing away the analyst expectations for 51 cents per share and the whisper number of 55 cents per share.
Both the AAPL
October 75 and November 75 call options have both done greater than 10,000 contracts of volume thus far today.