Apple Inc (AAPL)

[Thorserb2]

I hope you don't think I'm beating a dead horse here, but I am trying to figure out what I am missing in option price correlation. Today we had a drop in price down $2 and yet had an increase in price in the Oct 200 calls, up $.30. If the theory about out of the money options calls, then there would either be no movement or there would be downward movement because the IV is at it's equilibrium, correct?

However, another explanation for the gain would have to be the mispricing of the calls in perspective to the current price. Many times I've seen the price of Apple move forward with no movement in the calls, then recede, with no movement, but on the consequent upward move, the option increases. It's almost as if the price comes down to catch the option and bring it up. ( I should have taken Tex's, I think it was tex, opinion and bought more) Yesterday it was at $.95 and today would have been a nice 40% gain.

I agree the out-of-the-money option game is different from the one's in the money, but there's a strategy for everyone. Just wanted your thoughts.

Thanks