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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?

To: clean86 who wrote (170410)	6/4/2014 1:06:25 PM
From: ggamer	Respond to of 213172

Big money is betting on an Apple all-time high Alex Rosenberg \| @CNBCAlex COMMENTSJoin the Discussion Options Action: New highs ahead for Apple?</p> <p>A massive bet on Apple, with CNBC contributor Dan Nathan.</p> In the second-straight day of heavily bullish options buying in Apple, one major investor appears to be betting nearly $60 million that Apple shares will rise above $700 by October. In one of Wednesday morning's largest options trades, 20,000 Apple 675-strike call options were traded for $21.30 per share. Since each call contract gives an investor the right to buy 100 shares at a set price within a set time, this amounts to a $43 million wager that the stock will trade above $696 by Oct 17. In addition, the same trader appeared to buy 10,000 October 700-strike calls for $14.75 each. This is essentially a $15 million bet that Apple shares will rise above $715 by that same expiration date. Read More Tim Cook is starting to look like Warren Buffett That would exceed Apple's all-time high of $705, which it hit in September 2012. Wednesday's two trades occurred on the Amex exchange less than a minute apart from each other, shortly after 10 a.m. EDT, and Amex is reporting that they were both bought to open new positions. This is also confirmed by the rising price of the options contracts. Apple CEO Tim Cook walks off stage after speaking during the Apple Worldwide Developers Conference at the Moscone West center on June 2, 2014 in San Francisco, California. Interestingly, these trade come one day after Tuesday's major options activity in Apple, when one trader "rolled" a bullish position higher, selling 8,300 of the July 600-strike calls and buying 10,250 of the July 680-strike calls. These trades come hot on the heels of Apple's Worldwide Developers Conference, which many commentators viewed as setting the tech giant up for some major innovations in hot areas like wearables. Read More Why iOS 8 may not lure away Android users But Dan Nathan of RiskReversal.com says that from a trading perspective, it might simply make sense for major player to buy bullish options now. "The price of Apple options is nearing three-year lows, and with the stock up on a big spike it makes sense to define risk and play for a retest of a previous high," Nathan said. Thought many didn't think Apple would get back through the $700 level in some time, "the big money thinks it will happen by October!" —By CNBC's Alex Rosenberg.

To: clean86 who wrote (170410)	6/4/2014 1:58:51 PM
From: SiouxPal	Respond to of 213172

My gosh that's The Post 'O The Day!

To: clean86 who wrote (170410)	6/4/2014 2:38:01 PM
From: i-node	1 Recommendation Recommended By Stock Puppy Read Replies (1) \| Respond to of 213172

>> Oh the days of praying to the Computers Gods that boxes of punch cards produced something more than a single sheet of error results. Back in the day, when I was learning COBOL, the essence of our grade was a semester-end "project". My project grew to about a full box (2000) cards, all carefully hand-coded, keyed, and pretty much debugged. But because our little RJE facility had no punch, they were NOT duplicated. Having accomplished my work before the end of semester, I decided a small vacation was due, and promptly headed to New Orleans for a few days off. Before leaving I put my project safely on the top shelf of a closet in the keypunch room, where everyone knew me and knew I was leaving for a few days. On return, I promptly visited the closet to find my project missing. "Okay, the joke's over. You've had your laugh. Now, where's my stuff?" Icy, blank stares. I stop by my best friend's, who was also in the class, "Okay, Ron. This isn't funny anymore." More icy stares. After a sleepless night, I return to the RJE room and this is getting serious. I had poured my heart out into that project and I had nothing but a couple of very old source listings. I'm freaking. I go to the window and ask the operator, "You know anything about that box of cards I left in the closet back there? I'm in a mess." He says, "No, I don't think so." Damn. That was my last shot. I'm leaving, pretty dejected, and he says, "You know, there was someone from the crafts department upstairs that came down here looking for some old punch cards. I told them to look in the keypunch room." I walk in the room upstairs and there are about 2/3 of my cards in the box. Most of the others were spread out on a table, bent, torn, spindled and mutilated. That was when I learned to always backup everything.