Since84
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To infinity and beyond!
Posts: 3,933
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Post by Since84 on Feb 20, 2015 3:36:31 GMT -8
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Feb 20, 2015 3:59:42 GMT -8
It is Friday and Monthly Options are expiring. Here is this morning's Open Interest: Strike Calls Puts 120 110,311 55,889 121 15,921 5,989 122 11,397 14,484 123 11,037 11,095 124 19,261 11,570 125 40,023 19,922 126 15,669 14,878 127 19,592 14,820 128 24,644 15,913 129 23,218 10,928 130 41,987 5,273 The growth at $130 is interesting.
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Post by phoebear611 on Feb 20, 2015 5:14:48 GMT -8
Not that it matters at this point but did anyone here know that Munster raised his PT to $145 yesterday? I hadn't heard that.
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Feb 20, 2015 5:23:57 GMT -8
I didn't see that Phoebe. More momentum.
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Feb 20, 2015 5:28:05 GMT -8
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Post by Apple II+ on Feb 20, 2015 5:30:32 GMT -8
Not that it matters at this point but did anyone here know that Munster raised his PT to $145 yesterday? I hadn't heard that. I did not see that. I see a headline this AM that Goldman raised their PT to 145. Run for the hills!
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Post by macwire on Feb 20, 2015 5:31:02 GMT -8
F. GS bumped us. We are screwed.
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Post by phoebear611 on Feb 20, 2015 5:58:51 GMT -8
GS - crap! They are the kiss of death
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Post by rob_london on Feb 20, 2015 6:45:45 GMT -8
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Ted
fire starter
Posts: 882
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Post by Ted on Feb 20, 2015 8:02:21 GMT -8
Well, I dumped my tiny hedge with a small loss. Doesn't look like we'll need downside protection here, despite the mongo call walls. I'm liking Apple more and more these days as we see Tim and co. make big decisions, expand their offerings, hire only the best and brightest and lead us into the future at an accelerated pace. Just so long as we don't end up with…
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Post by firestorm on Feb 20, 2015 8:48:32 GMT -8
It would be kind of fun to see the wheels on the new cars painted to match the spinning beachball of death.
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Deleted
Deleted Member
Posts: 0
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Post by Deleted on Feb 20, 2015 8:52:37 GMT -8
GS - crap! They are the kiss of death Blankfein is the Prince of Darkness. He should be getting soapy massages in prison...
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Post by phoebear611 on Feb 20, 2015 9:08:53 GMT -8
GS - crap! They are the kiss of death Blankfein is the Prince of Darkness. He should be getting soapy massages in prison... Did you have to say THAT???!!!! Now I can't get the image out of my head....ugh!
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bud777
fire starter
Posts: 1,353
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Post by bud777 on Feb 20, 2015 9:10:48 GMT -8
Please forgive my ignorance on this, but I wondered what happens to options that were purchased before the split. Contracts with a strike price of 900 would be equivalent to a post split strike of 128.5714. It seems like there is certainly resistance in this area, but I do not see options quoted with this strike. Are they automatically rounded up or down? Have they all expired? CMWTK
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Post by Red Shirted Ensign on Feb 20, 2015 9:16:22 GMT -8
We all know Apple is working on a new transportation device. You folks are not thinking out of the box. What better way to transport than this? Works for me..... I'm intrigued about all of this. Apple is rapidly buying back stock and if there is an expanded buyback program announced in April to the extent Mr. Cybert proposes, much outstanding stock will have been retired by 2017-8...just in time for the new transporter technology to be unveiled. Think about it. I'm kind of excited. Forget "cars'; go direct!
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Feb 20, 2015 9:24:25 GMT -8
Please forgive my ignorance on this, but I wondered what happens to options that were purchased before the split. Contracts with a strike price of 900 would be equivalent to a post split strike of 128.5714. It seems like there is certainly resistance in this area, but I do not see options quoted with this strike. Are they automatically rounded up or down? Have they all expired? CMWTK You are correct. When there is a split the options split as well. For instance, you will see some January 15 2016 leaps with a strike price of $85.71. Before the split the strike was $600.00. If you owned 1 contract you had 7 after the split.
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Post by artman1033 on Feb 20, 2015 9:39:43 GMT -8
Please forgive my ignorance on this, but I wondered what happens to options that were purchased before the split. Contracts with a strike price of 900 would be equivalent to a post split strike of 128.5714. It seems like there is certainly resistance in this area, but I do not see options quoted with this strike. Are they automatically rounded up or down? Have they all expired? CMWTK Bud, you are correct. LEAPS options have the same characteristics as standard options, but with expiration dates up to three years in the future. If my memory is correct, AAPL was about $522, 3 years ago. $900 options were not available, BECAUSE there was no demand.
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Post by Apple II+ on Feb 20, 2015 9:46:53 GMT -8
Please forgive my ignorance on this, but I wondered what happens to options that were purchased before the split. Contracts with a strike price of 900 would be equivalent to a post split strike of 128.5714. It seems like there is certainly resistance in this area, but I do not see options quoted with this strike. Are they automatically rounded up or down? Have they all expired? CMWTK There are 128.57 strike options for any series that had a 900 strike before the split (April and Jan 2016). There were no 2015 Feb, March, etc. options at the time of the split.
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Post by zzmac on Feb 20, 2015 10:01:17 GMT -8
We all know Apple is working on a new transportation device. You folks are not thinking out of the box. What better way to transport than this? Works for me..... I'm intrigued about all of this. Apple is rapidly buying back stock and if there is an expanded buyback program announced in April to the extent Mr. Cybert proposes, much outstanding stock will have been retired by 2017-8...just in time for the new transporter technology to be unveiled. Think about it. I'm kind of excited. Forget "cars'; go direct! JD joked about flying cars last night & I coined the Apple iFly. Their vehicle is called Project Titan. Check out the definition of "titan". We might not be far off. (not!) (hmmm) Titan (ˈtaɪtən) or feminine Titaness n 1. (Classical Myth & Legend) any of a family of primordial gods, the sons and daughters of Uranus ( sky) and Gaea ( earth)
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Feb 20, 2015 10:01:45 GMT -8
We all know Apple is working on a new transportation device. You folks are not thinking out of the box. What better way to transport than this? Works for me..... I'm intrigued about all of this. Apple is rapidly buying back stock and if there is an expanded buyback program announced in April to the extent Mr. Cybert proposes, much outstanding stock will have been retired by 2017-8...just in time for the new transporter technology to be unveiled. Think about it. I'm kind of excited. Forget "cars'; go direct! When talking about cars, it's important to remember Apple's culture. When Apple entered the MP3 Player market, they didn't release an 'MP3 Player', they released an iPod which was unlike any previous MP3 Player. When Apple entered the phone market, they didn't release a 'phone' or even a 'smartphone', they released the iPhone again unlike any other phone on the market. Though Apple may not release a transporter, Apple is unlikely to release a 'car'. Apple is likely to release a transport vehicle the subsumes the functionality of the car in ways most would never conceive of and likely consolidating them with other functionality that allows it to transcend any previously released vehicle. Detroit and Tesla should be scared. Very scared. Are other people doing things that are interesting in this space? Of course. Electric vehicles. Self driving vehicles. But these are just the beginning. How will Apple blow the paradigm apart? Consider Uber. Imagine Apple's shifts paradigms away from car ownership to on demand transportation services that quickly and safely wisk you wherever you want to go, debiting your Apple account for the services. No more worries about driving, parking, maintenance -- this list can go on and on. Think of how much capital would be freed up. Consider the revolution this might cause in the third world. Imagine these smart vehicles are always connected, constantly communicating with each other and the broader web. Holy shit. Mobile hot spots. Apple now has a mobile mesh network. So long AT&T, Verizon, Comcast et al. Interesting side note, I was in Panera today and got a call via AppleTalk. I couldn't believe how much clearer it was than 'conventional' cell service. Hmmm. The point is, most people are evaluating this through the lens of 'cars' and 'car manufacturers'. Wrong glasses. We need the Apple tinted lenses to even conceive where they may go. How many times have people at Apple said they don't do things to make money. They do things to change the world. If you wanted to change the world, in what ways would transportation be different?
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JDSoCal
Member
Aspiring oligarch
Posts: 4,186
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Post by JDSoCal on Feb 20, 2015 10:03:11 GMT -8
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Post by rob_london on Feb 20, 2015 10:03:43 GMT -8
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Post by zzmac on Feb 20, 2015 10:08:00 GMT -8
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Post by Red Shirted Ensign on Feb 20, 2015 10:15:09 GMT -8
Since84, you took the words (or concept) right out of my mouth! Great post!
It is going to be about "transport"....and it will be different. Transportation is inefficient, ineffective and costly....but necessary. How we are transported in the future can be revolutionized.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,186
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Post by JDSoCal on Feb 20, 2015 10:24:44 GMT -8
I like Gruber's piece, because it mentions bands.
If Apple doesn't make gold bands, someone else will and that's a no-brainer margin booster. The Apple that solders in CPUs and RAM is going to let another company make gold bands for Edition?
Makes you wonder if Apple is watching the gold price like it does the stock price for buybacks.
Rolex sells about 750,000 watches per year. ASP is probably >$10,000.
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Post by phoebear611 on Feb 20, 2015 10:27:40 GMT -8
Screw the car ... watch ... tv...whatever. Can anyone come up with a longer battery life? THAT is the Holy Grail!
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Post by phoebear611 on Feb 20, 2015 10:29:24 GMT -8
I like Gruber's piece, because it mentions bands. If Apple doesn't make gold bands, someone else will and that's a no-brainer margin booster. The Apple that solders in CPUs and RAM is going to let another company make gold bands for Edition? Makes you wonder if Apple is watching the gold price like it does the stock price for buybacks. Rolex sells about 750,000 watches per year. ASP is probably >$10,000. Gold Rolexes go for $20K + and their prices just went up....and they monitor jewelers who provide a little discount and cut them off from distribution. They are INSANE!
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Since84
Moderator
To infinity and beyond!
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Post by Since84 on Feb 20, 2015 11:00:10 GMT -8
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Post by zzmac on Feb 20, 2015 11:02:11 GMT -8
Screw the car ... watch ... tv...whatever. Can anyone come up with a longer battery life? THAT is the Holy Grail! Batteries are old school! I have it on pretty good authority that they are secretly working on a new 426 Hamster Cuda!
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bud777
fire starter
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Post by bud777 on Feb 20, 2015 11:18:56 GMT -8
When talking about cars, it's important to remember Apple's culture. When Apple entered the MP3 Player market, they didn't release an 'MP3 Player', they released an iPod which was unlike any previous MP3 Player. When Apple entered the phone market, they didn't release a 'phone' or even a 'smartphone', they released the iPhone again unlike any other phone on the market. When I think about Apple's culture, I tend to see it a little differently. I think that Apple's area of unique contribution is in taking ideas that have already been developed and then executing them in a manner that is so un-compromised that they become widely accepted. My view of the iPod was not that it disrupted the walkman/CD player market, but that it took the technology that already existed in MP3 players and refined it so that the entire user experience became more enjoyable. No need to carry tapes or CD's, enough memory to have a real selection and access to a wide variety through iTunes. While PARC had done the heavy lifting with SmallTalk, Apple moved it to the MAC and tailored it into are really useful interface. Again, the basic ideas were in place, the underlying research had been done, and Apple did the incredibly difficult work of refining the ideas into a finished product. I see a similar path with the iPhone/iPad. Alan Kay had working tablets at PARC before 1980, but Apple refined the idea and made it work on a large scale. Apple saw the need for a portable device that gave access to internet content and refined the existing tablets into something that people could trust and use. It is the relentless refinement of the ideas in my mind that is at the heart of Apple culture. The cowboy sign that welcomes you to Las Vegas and Michelangelo's David are both larger than life representations of a man. One is just more refined than the other. Looking at the transportation arena, one could argue that the pieces are in place for Apple to move in. DARPA's Grand Challenge did the heavy lifting like PARC did years before. Others have made initiatives (Google, Tesla, Uber) that create awareness of the potential market. Apple has the resources to once again take the R&D that others have developed and move into the space with a refined product. So maybe this really is an opportunity that fits within the Apple universe. Having said all this, I still believe that this is such a drastically different business that Apple would suffer from the lack of focus it would inevitably bring. There is so much left to do in the core business. I have mentioned the need for reliable networks, free of the restrictions of the current carriers. Another area is the content of the web itself. While there is an enormous amount of information available, it is broad and shallow. If the internet is to reach it's potential, so much more of mankind's knowledge needs to be brought into the digital world. And it is not just the quantity of information, there is a great opportunity to integrate and synthesize information into knowledge. This is much closer to Apple's core business and much more important than transportation in my mind. Of course, I guess we could ask for both
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