Only Apple

Quote from cactiman:

I wouldn't lie to you about money atticus!
You forgot to ask which month.

SELL -1 VERTICAL AAPL 100 JAN 13 600/595 PUT @2.57 LMT

$257.00-$3.00=credit $254.00/$243.00 Max Loss = 104.53% profit

I reckon the odds of AAPL being at 600 or above by then are pretty good!
:cool:

Well, I suspected it was '13, but was too lazy to check. At least it's an even-money proposition. You know that's an even-money prop for many months... just an FYI.
 
Quote from atticus:

Well, I suspected it was '13, but was too lazy to check. At least it's an even-money proposition. You know that's an even-money prop for many months... just an FYI.


Could you explain "even-money prop"?
Not sure what that means.
 
Never mind, I looked it up:

In other words, if there is $100 in the pot and it costs $100 to call, that is an even money proposition. If you beat the dealer in blackjack, he pays you at even money. If you are dealt blackjack (an ace and a face card), you are paid at 3-2 (not even money). If we bet $100 on the flip of a coin, that is an even money bet. If someone offers you 2-1 on the flip of a coin, that is not even money, and it is probably a scam.
:)
 
Quote from atticus:

Well, I suspected it was '13, but was too lazy to check. At least it's an even-money proposition. You know that's an even-money prop for many months... just an FYI.

I'm looking at it as $243.00 in the bank at 11.61% per month.
Uhhhh, that's better than putting it in Wells Fargo!
:D
 
Quote from FreakofNature:

Gotta love the articles and opinions coming out after the report though :D

It's always bothered me the way stocks fall or rise when they don't meet "analysts' expectations". Doesn't that mean the analysts' numbers are WRONG most of the time? Yet they decide the fate of the stocks?
:confused:
 
Quote from rockefehler:

The chart decides where it goes; the analysts just play their part as component of the trading ecosystem.
Oh, you mean the bottom of the food chain.
 
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