Option Millionaires

[goodolboy]

Personally, its a great short. No innovation on the horizon, planned buyback to increase, cheaper alternatives in the cell phone space, cell phone companies no longer subsidizing phones, AAPL increasing the cost of their phones by $100.

All that tells me is they suck. Last quarter showed an increase in finished inventory as well which questions actual demand of their product.

So, I flipped out of my calls and bought May $490 puts @ 2.20.