Somebody made a pretty good call, buying Apple put options at strikes 110 and 120 on the Jan 2009 expiration. The strikes saw 82000 contracts purchased/sold on Dec 10th last year. The combined value of the contracts was close to $57 million. Apple shares closed that day at $194.5, the new Ipod Touch was just released and the future looked bright with holiday sales just around the corner. Makes one wonder how many insider trades go undetected.
Tuesday, January 22, 2008
Good call on Apple!
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