Apple Inc (AAPL)

[roni]

Theoretical stuff and options stuff

I dunno much about this here theoretical stuff, but I do know this. I have made a bunch of money this year buying in the money and close to the money calls 6 to 9 months out. Currently holding Jan 08 120's- have made over 100% a couple of times since April on Jan 08 120's and 100's. I am also holding some Jan 09 150's that have not sucked. I am surprised at how rapidly they came close to being in the money.

Bought Jan 100's in April for 10.10. Bought some Jan 08 120's for $9.10

Then in July I bought some Jan 09 $150's that don't suck.

As long as I stay bullish on Apple, all of my trading will be with in the money/near the money calls 6 months or farther out from the date of purchase (though, I may pick up some October's if the right opportunity presents itself.

May not make sense, but when profits in the 100's of percent are possible, makes some sense to me.

Those way out of the money ones - not for me, but does not mean folks can't and aren't making big money on them.