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Technology Stocks : Apple Inc.
AAPL 259.95-0.4%Jan 14 3:59 PM EST
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Doren
To: slacker711 who wrote (173466)9/2/2014 10:25:35 AM
From: Ryan Bartholomew1 Recommendation  Read Replies (1) of 213182
 
I agree with your general point about the perception of Apple, but it must be said that the timing of this supposed iCloud hack of celebrity photos is terrible. I can guarantee we are going to get a ton of articles highlighting the risks of mobile security over the next week...just in time for Apple to ask people to trust them that their mobile payments platform is safe.
The perception that Apple is safe is so strong that it isn't impacting the stock much. There will be a lot of excitement leading up to the product announcements and I don't think investors are really going to stop and focus on the details of the iCloud vulnerability. It's a serious one (I know first hand, as I have business ventures that deal with this space), but it's also easily corrected if brute force was the mechanism used. That said, I do think the recent optimism is a bit frenzied, so I opened a put position a few minutes ago ~103.70. My last two were complete losses, so hoping my timing is better this time! (For the couple of people who keep asking me - I've had a slight net gain from my periodic AAPL option positions from the past couple of years... a couple of massive gains paired with a few modest losses. The position I took today is my largest yet.)
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