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Technology Stocks : Apple Inc.
AAPL 278.28+0.1%Dec 12 9:30 AM EST
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From: yofal1/15/2013 4:02:36 PM
6 Recommendations  Read Replies (1) of 213176
 
Buy AAPL January 18th

seekingalpha.com

So here is our logic to being patient. It is threefold:

  • Apple had an enormous amount of call options speculation related to its Summer surge

  • A huge share of this was calls with a strike of around the current price of $550 and higher that expire January 19 2013

  • The institutional money managers that wrote those call options and bought common stock to cover will make a lot of money if a) those options expire worthless, and then b) Apple runs after that expiration date

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