Langlui's Big Board and Options Plays

[loanwolf]

Re: AAPL calls, IMO only on ramp up as I think earnings are already "baked in" or you'll have profit taking post release maybe even pre-release.
JMO anyway but in the long run AAPL perhaps still undervalued.

Hit all time high of $365.00 on friday breaking previous high of $364.90 from February 16, 2011.
My god, the week after I was long calls and they expired worthless (or close to it lol I'd like to forget) back in June, it just went on a tear right after that. Guess I was a tad bit early, waaaaaaaaaaaaah

Here's some thoughts:
Seems a stake is being taken in the weekly 345/350 puts.
Pretty large volume and open interest showing.
Not sure if thats sentiment that it will go down, possible insurance against long positions, or sold naked as to capture premium and banking on it not going too far ITM where they can then own it in that area if it gets assigned ????

or some other type of combination such as a Bear Put Spread (buy the 350p/$3.42 and sell the 345p/$2.40 for net debit .94 which is also maximum risk with maximum gain 5.00-.94= 4.06)
this is what it looks like but who knows.
So if that's what it is, it's looking for AAPL to fall below $350.00 -.94 = $349.06 to begin being profitable, about a 4-5% move down at least.
Now with this added tidbit, it probably gaps and runs, lol

and no I am not in this particular trade above but am looking at this more closely

Data I'm using is below:
http://finance.yahoo.com/q/os?s=AAPL&m=2011-07-21

I may look at puts and risk getting burned at both ends of the stick