A Classic Apple Story ... or ... An Apple Story In Disarray
It's Thursday after the close. 1) This is how Apple closed. What I am showing is it's five day chart. 2) Here are it's Calls and Puts on one series of options that expire tomorrow. We are also showing the 262.50 series of Calls and Puts. ......... 3) Look at the price increase on the Puts today. This was a day when the D.J.I.A dropped 669 points on the day. These Calls now look cheap to me, but who needs to be in a game like this? There is no tommorows after one day options. Most short term option traders avoid the stress of holding last day options going into the final day of their trading. There will always be new action in tomorrows trading session. Let's watch and see what happens.