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KCMW

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KCMW

Re: VERYLONGSTOPPEDDRINKINGTHEKOOLAID post# 74125

Monday, 10/15/2007 3:33:09 PM

Monday, October 15, 2007 3:33:09 PM

Post# of 147308
EA is next week, after OCT expiry...

I saw the moves today and the price of options, I SOLD OCT calls against my remaining shares. Got $2.10 for the 170's and .90 for the 175s - my timing could have been better, they were higher an hour or so before I sold.

I'm moderately bullish on Apple, but I have a hard time seeing a move above 175 prior to EA. Maybe 170, but I would be selling for 172.10 in effect. Might be OK to lighten up at that level. This stock moves in strange ways, sometimes known only to roni ;)

-KCMW
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