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Post by artman1033 on Jun 17, 2013 2:48:45 GMT -8
From December 1, 2012 to May 31, 2013, Apple received between 4,000 and 5,000 requests from U.S. law enforcement for customer data. Between 9,000 and 10,000 accounts or devices were specified in those requests, which came from federal, state and local authorities and included both criminal investigations and national security matters. The most common form of request comes from police investigating robberies and other crimes, searching for missing children, trying to locate a patient with Alzheimer’s disease, or hoping to prevent a suicide.It sure would be nice to be a little more specific Apple.
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Post by phoebear611 on Jun 17, 2013 2:49:46 GMT -8
The markets will be dominated by the Fed meetings on Tuesday and Weds. In the meantime, AAPL looking a pretty shade of green in PM
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Post by wheeles on Jun 17, 2013 3:02:56 GMT -8
Hmm... two Mondays. One is enough for most people. Gonna go with this one (sorry, Phoebes) as artman got in first by one minute.
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Post by appledoc on Jun 17, 2013 3:12:13 GMT -8
Poor Pheobes.
I'm getting whiplash from this action. Somebody make it stop (in the right direction, of course).
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Post by sponge on Jun 17, 2013 6:38:08 GMT -8
Aah a new week in the WS casino. Lets get back over 440 by Wednesday and I will be a happy camper.
I am starting to think that the buy back for June may not happen until close to the end. So I am more interested in how we trade next week.
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Post by Deleted on Jun 17, 2013 7:23:31 GMT -8
The Verge scored the new MacBook Air 9.2. Impressive. www.theverge.com/2013/6/17/4436332/macbook-air-review-13-inch-2013I don't expect any real move in Apple with June monthly OPEX this week, which is signaling $435. Next week will permit more visibility in the near term. And I believe interest with weekly options will decline after Friday. Let's hope so.
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Post by Deleted on Jun 17, 2013 7:58:54 GMT -8
Market well up over 1%, AAPL up 0.6%...its frustrating
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Post by Lstream on Jun 17, 2013 7:59:51 GMT -8
The Verge scored the new MacBook Air 9.2. Impressive. www.theverge.com/2013/6/17/4436332/macbook-air-review-13-inch-2013I don't expect any real move in Apple with June monthly OPEX this week, which is signaling $435. Next week will permit more visibility in the near term. And I believe interest with weekly options will decline after Friday. Let's hope so. Over 13 hours in their battery life test. Wow.
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Post by Deleted on Jun 17, 2013 8:26:18 GMT -8
Market well up over 1%, AAPL up 0.6%...its frustrating Even smart money knows about the OI tractor beam....
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Post by Deleted on Jun 17, 2013 8:27:30 GMT -8
The Verge scored the new MacBook Air 9.2. Impressive. www.theverge.com/2013/6/17/4436332/macbook-air-review-13-inch-2013I don't expect any real move in Apple with June monthly OPEX this week, which is signaling $435. Next week will permit more visibility in the near term. And I believe interest with weekly options will decline after Friday. Let's hope so. Over 13 hours in their battery life test. Wow. And it will test even better with Mavericks. This laptop is the perfect machine for students and Starbucks loiterers -- no more looking for A/C outlets.
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Post by Deleted on Jun 17, 2013 8:37:29 GMT -8
I understand the math behind Max Pain, but I'm wondering if the concept isn't flawed by the fact that the MMs hedge the Options they write by buying/selling to make their positions neutral.
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Post by Ultrarunner on Jun 17, 2013 8:51:01 GMT -8
I understand the math behind Max Pain, but I'm wondering if the concept isn't flawed by the fact that the MMs hedge the Options they write by buying/selling to make their positions neutral. That's actually the reason Max Pain works. They hedge with stock.
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Post by Deleted on Jun 17, 2013 9:18:47 GMT -8
I understand the math behind Max Pain, but I'm wondering if the concept isn't flawed by the fact that the MMs hedge the Options they write by buying/selling to make their positions neutral. That's actually the reason Max Pain works. They hedge with stock. It didn't work last week, and it doesn't appear that its going to work this week. I'm curious just how often "Max Pain" does work.
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Post by rob_london on Jun 17, 2013 9:19:00 GMT -8
Over 13 hours in their battery life test. Wow. And it will test even better with Mavericks. This laptop is the perfect machine for students and Starbucks loiterers -- no more looking for A/C outlets. PC magazine got over 15 hours in their test.
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Post by Deleted on Jun 17, 2013 9:26:10 GMT -8
That's actually the reason Max Pain works. They hedge with stock. It didn't work last week, and it doesn't appear that its going to work this week. I'm curious just how often "Max Pain" does work. Why does it not appear like it's going to work this week? If Max Pain is $435, we're awfully close, plus it's only Monday
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Post by appledoc on Jun 17, 2013 9:28:53 GMT -8
That's actually the reason Max Pain works. They hedge with stock. It didn't work last week, and it doesn't appear that its going to work this week. I'm curious just how often "Max Pain" does work. It doesn't work.
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Post by Deleted on Jun 17, 2013 9:41:38 GMT -8
It didn't work last week, and it doesn't appear that its going to work this week. I'm curious just how often "Max Pain" does work. Why does it not appear like it's going to work this week? If Max Pain is $435, we're awfully close, plus it's only Monday maximum-pain.com/max-pain.aspx is showing $460. The disparity in the way it is calculated reinforces, to me, that its a much followed metric that nobody has actually tracked for accuracy.
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Post by Deleted on Jun 17, 2013 9:48:14 GMT -8
Why does it not appear like it's going to work this week? If Max Pain is $435, we're awfully close, plus it's only Monday maximum-pain.com/max-pain.aspx is showing $460. The disparity in the way it is calculated reinforces, to me, that its a much followed metric that nobody has actually tracked for accuracy. I sure would love to experience that "max pain" this week...it seems max pain only hurts AAPL, only bringing it down, not up. Or maybe it's just that over the last 9 months theres just been so much more down than up.
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Post by Deleted on Jun 17, 2013 9:51:12 GMT -8
Is anyone else concerned with reports of Samsung Galaxy S4 sales projections going down...while from the news initially might be good, the talk out there now is the higher end is becoming "good enough" for most users and people aren't seeing the need to go to the latest and greatest Smartphone because the cheaper phones still do 90% of the job, sort of like the iPhone 4S compared to the 5.
The worry out right now is people will not upgrade every 2 years and instead just stick with what they have.
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Post by Deleted on Jun 17, 2013 9:51:25 GMT -8
I understand the math behind Max Pain, but I'm wondering if the concept isn't flawed by the fact that the MMs hedge the Options they write by buying/selling to make their positions neutral. You can speculate all you want as to why or why it shouldn't work but just know that it's as reliable an indicator as you'll get, unless there's a catalyst to throw the train off the track.
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Post by Deleted on Jun 17, 2013 9:52:42 GMT -8
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bud777
fire starter
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Post by bud777 on Jun 17, 2013 10:17:10 GMT -8
News from the Ledge....
Surprisingly for me, I actually followed through with one of my grand schemes. Back in April I mentioned the idea of using my home equity to buy Apple, and then using those shares to sell covered calls as an income strategy.
My home is appraised at $750,00, so I was able to borrow $400,000 at 2.375 percent on a 7/1 ARM with about $6000 in fees and closing costs. The check cleared today and I bought 900 shares at 435. I sold my first calls at 475 with a July 20 expiration.
If we go down, I will wait it out while I make about $1000 a year on the difference between the dividends and the interest. If we hit the strike price before July 20, I pay off the loan and pocket the $36,000.
If we don't make the strike price, I will continue to sell monthly calls 40 points above the current price or at 435 whichever is higher. I lose if we stay under 435 for the next 7 years, but other than that I think I am OK.
BTW, I wanted to mention that I used QuickenLoans for the mortgage and it was actually a pleasant experience. The original rate lock was at 2.75 which looked OK when AAPL was at 400. About two weeks ago, I told them that I probably would not close because the numbers didn't look quite so attractive. Despite the lock, they dropped the rate to 2.375 and knocked $1000 off the closing costs. I have never heard of a broker doing this, especially when rates were rising. Your mileage may vary, but I though I would mention my great experience with them
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Post by rob_london on Jun 17, 2013 10:28:15 GMT -8
Is anyone else concerned with reports of Samsung Galaxy S4 sales projections going down...while from the news initially might be good, the talk out there now is the higher end is becoming "good enough" for most users and people aren't seeing the need to go to the latest and greatest Smartphone because the cheaper phones still do 90% of the job, sort of like the iPhone 4S compared to the 5. The worry out right now is people will not upgrade every 2 years and instead just stick with what they have. Maybe there are a lot of Android users who have decided not to buy the S4 but wait and switch to the iPhone 5s or 6 instead.
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Post by rickag on Jun 17, 2013 10:28:31 GMT -8
Pretty impressive, just wondering why the left 2 columns are highest call / put OI. I didn't understand that highest call / put OI set the pain range.
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Post by moltenfire on Jun 17, 2013 11:03:10 GMT -8
What happened at around 2:40p? Both TSLA and AAPL dropped at exactly the same time.
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Post by terps530 on Jun 17, 2013 11:07:10 GMT -8
the market losing steam, and aapl following the market now.
my questions on the data posted from travis @ aaplpain : a) when is he taking the data for columns A & B (highest OI calls and puts). is that from the start of the week monday AM, and thus showing pain landing/falling out of that range from the beginning of the week? b) this week is a perfect example of why I think going only by the max OIs makes no sense to track the data. the max calls and puts are both clearly the highest at a strike of 500. Thus that would mean max pain would have to land between 500 and 500. This doesn't make sense, and also 100% won't happen. I'm sure travis will ignore both of those data points and go with the 420-450 range for a more relative max OI calls and puts. So if you choose to ignore data points to validate a claim, then how valid is the claim?
Another reason I like tracking the max cash pain as that is the actual amount of $ on the line. It would be cool to go back and track the max cash pain +/- 2 strikes to create a 'range', vs the OI max pain range. I just don't think the past data is available.
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Post by appledoc on Jun 17, 2013 11:11:11 GMT -8
Doesn't look very accurate to me. Also, look at the ranges. What good is a 20-50 point range? You don't make any money with that knowledge, so who cares?
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Post by mrentropy on Jun 17, 2013 11:12:52 GMT -8
What happened at around 2:40p? Both TSLA and AAPL dropped at exactly the same time. the financial Times reported that the Fed will announce tapering of QE during its meeting this week. How accurate, or how they even know is anyone's guess. In other news, AAPL looks to have a golden SMA20/SMA100 cross on the daily chart today....
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Post by sponge on Jun 17, 2013 11:17:31 GMT -8
Here is my take. Given the selloff from 457 two weeks ago Monday and from 449 last Tuesday, things look very bearish.
We did not hold 435. So in my view we must get over 435 tomorrow and hold it, otherwise we could drop down to 425 by end of the week.
We shall see.
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Post by rickag on Jun 17, 2013 11:25:58 GMT -8
News from the Ledge.... Surprisingly for me, I actually followed through with one of my grand schemes. Back in April I mentioned the idea of using my home equity to buy Apple, and then using those shares to sell covered calls as an income strategy. My home is appraised at $750,00, so I was able to borrow $400,000 at 2.375 percent on a 7/1 ARM with about $6000 in fees and closing costs. The check cleared today and I bought 900 shares at 435. I sold my first calls at 475 with a July 20 expiration. If we go down, I will wait it out while I make about $1000 a year on the difference between the dividends and the interest. If we hit the strike price before July 20, I pay off the loan and pocket the $36,000. If we don't make the strike price, I will continue to sell monthly calls 40 points above the current price or at 435 whichever is higher. I lose if we stay under 435 for the next 7 years, but other than that I think I am OK. BTW, I wanted to mention that I used QuickenLoans for the mortgage and it was actually a pleasant experience. The original rate lock was at 2.75 which looked OK when AAPL was at 400. About two weeks ago, I told them that I probably would not close because the numbers didn't look quite so attractive. Despite the lock, they dropped the rate to 2.375 and knocked $1000 off the closing costs. I have never heard of a broker doing this, especially when rates were rising. Your mileage may vary, but I though I would mention my great experience with them Would you consider adopting me
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