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Post by phoebear611 on Jun 13, 2014 2:34:38 GMT -8
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Post by appledoc on Jun 13, 2014 3:34:31 GMT -8
This seems most reasonable to me.
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Post by rob_london on Jun 13, 2014 4:07:05 GMT -8
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Post by Red Shirted Ensign on Jun 13, 2014 5:42:29 GMT -8
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Post by jmolloy on Jun 13, 2014 6:04:00 GMT -8
URL states (and I do know why of course) "at least 10 of existing iphone users" Was hoping it was going to be more popular than that
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Post by artman1033 on Jun 13, 2014 6:39:25 GMT -8
ANGELA'S 1ST memo:
Hello!
Thank you so much for an amazing first month, all your emails, and your kind words of support. I sincerely appreciate the warm welcome and all of your insights and perspectives, which have helped me quickly understand and genuinely admire Apple's unique culture.
I have spent most of my time getting to know and understand the many functions and teams in Cupertino, along with our short and long term initiatives. I was thrilled to meet many of you at stores in San Francisco and London this month, and I'm looking forward. to Tokyo and the Omotesando opening. Every couple of weeks, we will be visiting stores across the world to see and learn what we do best and hear your thoughts about opportunities ahead.
Looking to the future, I feel our greatest opportunity will be continuing to focus on and evolve the customer journey online and in our stores. Although technology is rapidly changing how customers shop, they still want to feel surprised and delighted by the personalized Apple experience we provide at every turn. That's what makes us unique. Keeping the customer experience as simple as any other Apple product will also be critical as we expand into new markets, integrate our platforms, and develop new technologies.
Again, thank you very much for all of your kind words of support. I am honored to be working at Apple and thrilled to be working with you. I know together we will continue to enrich lives and communities.
Thank you and see you very soon.
Best always,
Angela
probably not market moving...
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Post by moltenfire on Jun 13, 2014 6:44:02 GMT -8
Looks pretty standard but nicely upbeat. New salutation I haven't seen before that I like - "Best always".
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Post by artman1033 on Jun 13, 2014 6:49:44 GMT -8
Looks pretty standard but nicely upbeat. New salutation I haven't seen before that I like - "Best always". I suppose it is better than my favorite salutation to MY fellow wage slaves: REMEMBER, WE ARE ALWAYS WATCHING YOU!
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Post by macglenn on Jun 13, 2014 7:07:42 GMT -8
You stole Bezos" salutation : )
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coma
Member
Posts: 523
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Post by coma on Jun 13, 2014 7:11:30 GMT -8
Mercel would buy 8, so maybe the numbers could work out.... As a stock holder, I like that line of thinking, 7 parts watches in reserve.
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Post by alxyz on Jun 13, 2014 7:19:23 GMT -8
Swift will propel Apple into the future. Swift is the new programming language introduced at the recent conference for software developers. Apple software is its key to success. They make beautiful hardware but the user interface is what draws and capture the people. I have spent a little time with Swift and it is simpler more intuitive than Objective-C which it will slowly replace. One of the purported reasons for developing Swift was to bring more young people to programming and into the Apple sphere. I think that it will succeed and that is long-term positive for AAPL.
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Mav
Member
[img style="max-width:100%;" alt=" " src="http://www.forumup.it/images/smiles/simo.gif"]
Posts: 10,784
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Post by Mav on Jun 13, 2014 8:36:40 GMT -8
Ahrendts seems like a super-promising exec.
Swift is new yet 100% opt-in and interoperable. It's like Cocoa 2 vs. Objective-C being "Carbon". When devs older or newer start showing what Swift can do others will most certainly follow.
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bud777
fire starter
Posts: 1,354
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Post by bud777 on Jun 13, 2014 8:49:46 GMT -8
Here's a thought....why doesn't Apple let Amazon start selling iDevices below cost. Actually make Amazon buy them at 150% of retail and let them sell them for 75% of the current price. Apple gets more market share which hurts Samesung without lowering margins. So Apple is happy. Amazon gets to move more products while losing money on each one, so Amazon is happy. OK, so I haven't figured out what to do with Apple stores yet....but still...
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Post by macwire on Jun 13, 2014 9:05:00 GMT -8
Lame ass price action here. Finish you're retracement already!
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Post by zzmac on Jun 13, 2014 9:55:56 GMT -8
Who's buying the dip?
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JDSoCal
Member
Aspiring oligarch
Posts: 4,189
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Post by JDSoCal on Jun 13, 2014 9:59:17 GMT -8
Looks pretty standard but nicely upbeat. New salutation I haven't seen before that I like - "Best always". I suppose it is better than my favorite salutation to MY fellow wage slaves: REMEMBER, WE ARE ALWAYS WATCHING YOU!
Was in my law office when I had one: Buying the dip.
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Post by terps530 on Jun 13, 2014 10:04:58 GMT -8
guilty- grabbed some apr 2015 spreads. waiting to see how things develop a bit before getting another chunk
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Post by nagrani on Jun 13, 2014 10:20:38 GMT -8
I'm buying as many jan 2016 100's ( calls) as I can. Writing short term (weekly) 101 calls against this position. Once (if) apple jumps over 100 and the delta on my calls gets closer to 1. Game on. 10x return on every dollar apple goes up once Call is mostly Intrinsic. Plus will still be able to write short term calls against it.
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Post by artman1033 on Jun 13, 2014 10:31:17 GMT -8
I am sad. I am sorry for the people of Iraq . The market may be in a bad state by Monday AM
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JDSoCal
Member
Aspiring oligarch
Posts: 4,189
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Post by JDSoCal on Jun 13, 2014 10:55:40 GMT -8
I am sad. I am sorry for the people of Iraq . The market may be in a bad state by Monday AM It's an epic disaster, but of course the media isn't covering it for reasons that should be obvious. Beware, it's a huge market risk once the media is forced into actually showing video of what's happening (Islamists are taking over Iraq, who are so extreme, even al Qaeda has disassociated itself from them). I've been waiting for the Friday dip to snatch up some positions, but holding over the weekend with a caliphate rising right smack in the Middle East means some serious volatility. Hate when that happens.
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mark
fire starter
Posts: 1,574
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Post by mark on Jun 13, 2014 11:20:45 GMT -8
I'm buying as many jan 2016 100's ( calls) as I can. Writing short term (weekly) 101 calls against this position. Once (if) apple jumps over 100 and the delta on my calls gets closer to 1. Game on. 10x return on every dollar apple goes up once Call is mostly Intrinsic. Plus will still be able to write short term calls against it. I don't understand this part of your strategy. Isn't the commission cost rather significant for the weekly 101 calls? For example, next week's 101 calls are trading at something like 3 or 4 cents, so how do you make money with this trade?
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Post by nagrani on Jun 13, 2014 11:30:04 GMT -8
I sold them when they were trading at over 10cents and I own a large of contracts
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mark
fire starter
Posts: 1,574
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Post by mark on Jun 13, 2014 11:47:58 GMT -8
I sold them when they were trading at over 10cents and I own a large of contracts I understand the Jan '16 100s part of it, those a very liquid and there are a heck of a lot of them. I don't understand the weekly 101s, they hardly trade, for example the 3-July 101s only traded 3 contracts today at about 10-11 cents. That's only $30-33, and the commission has got to be something like 10 bucks out of that. The 11-July 101s traded a bunch more at about 15 cents, but still only 80 contracts in total, so $1200. Also, there would be no easy way to do this *every* week since in order to get a reasonable price, you have to go a few weeks out, and you can't have multiple sets of short calls sold against ONE set of long calls unless you have additional margin (possibly significant) in the account. I'm trying to understand the mechanics of this trade (as repeatedly selling short-dated calls against long-dated calls sounds pretty attractive to me).
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Post by moltenfire on Jun 13, 2014 12:12:28 GMT -8
Anyone else drawing a line in the sand at $90?
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Post by Volvocoupe on Jun 13, 2014 12:14:37 GMT -8
Anyone else drawing a line in the sand at $90? Yes; I am. The line I have drawn on the one year chart indicates this could hold nicely.
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Post by Red Shirted Ensign on Jun 13, 2014 12:19:35 GMT -8
I also see 90 (or 89.95 to be more exact) as an intended entry point if given the chance. I think that healthy retrace could serve as a nice launching point to make the first serious run at triple digits.
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Post by nagrani on Jun 13, 2014 12:27:54 GMT -8
I own a large number so am able to collect several k a week. Again this strategy is short term till apple pops over 100 (hopefully) then the game becomes sexy. I have the risk that apple tanks but that's why I bought the 2016s. Enough time to play the ups and downs
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JDSoCal
Member
Aspiring oligarch
Posts: 4,189
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Post by JDSoCal on Jun 13, 2014 12:48:45 GMT -8
I sold them when they were trading at over 10cents and I own a large of contracts I understand the Jan '16 100s part of it, those a very liquid and there are a heck of a lot of them. I don't understand the weekly 101s, they hardly trade, for example the 3-July 101s only traded 3 contracts today at about 10-11 cents. That's only $30-33, and the commission has got to be something like 10 bucks out of that. The 11-July 101s traded a bunch more at about 15 cents, but still only 80 contracts in total, so $1200. Also, there would be no easy way to do this *every* week since in order to get a reasonable price, you have to go a few weeks out, and you can't have multiple sets of short calls sold against ONE set of long calls unless you have additional margin (possibly significant) in the account. I'm trying to understand the mechanics of this trade (as repeatedly selling short-dated calls against long-dated calls sounds pretty attractive to me). Why did you pick July weeklies when he said short term weeklies? The 6/13 101 strike has like 20X the volume of the 7/3's, and 6/21 is like 35X the volume because it is a monthly. If I am understanding correctly, Nagrani is just trying to pay for his calls by writing weeklies every week for 18 months. Kind of like a diagonal spread, but more manageable since he only has to write for a week at a time, and adjust accordingly as the underlying price advances (or declines ). More commissions, but if AAPL is at 150 by Jan 16, those calls will be worth a hell of a lot more than a 100/101 spread would have been. I generally don't like buying calls (vs. spreads), but this is one way to pay for them (or at least reduce C/B) and thus dramatically lower capital risk if they don't reach what would be the B/E without paying for them with writes. And of course the upside is much higher. I'd be interested in hearing how Nagrani keeps track of all of the math on this. And he must have a buttload of shares or equity to sell that many calls to yield $1000's/wk.
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Post by nagrani on Jun 13, 2014 13:12:13 GMT -8
It's not that complicated. PM your email and I'll send you a spreadsheet
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mark
fire starter
Posts: 1,574
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Post by mark on Jun 13, 2014 13:29:51 GMT -8
I understand the Jan '16 100s part of it, those a very liquid and there are a heck of a lot of them. I don't understand the weekly 101s, they hardly trade, for example the 3-July 101s only traded 3 contracts today at about 10-11 cents. That's only $30-33, and the commission has got to be something like 10 bucks out of that. The 11-July 101s traded a bunch more at about 15 cents, but still only 80 contracts in total, so $1200. Also, there would be no easy way to do this *every* week since in order to get a reasonable price, you have to go a few weeks out, and you can't have multiple sets of short calls sold against ONE set of long calls unless you have additional margin (possibly significant) in the account. I'm trying to understand the mechanics of this trade (as repeatedly selling short-dated calls against long-dated calls sounds pretty attractive to me). Why did you pick July weeklies when he said short term weeklies? The 6/13 101 strike has like 20X the volume of the 7/3's, and 6/21 is like 35X the volume because it is a monthly. I picked July because those were the nearest that were trading around 10 cents. Is it possible to trade the 6/21 101 strike and actually make money??? Hence my question - how do you trade enough of them at a high enough price each week? I'm trying to figure out how to reach $1000s/week with 101s, they really don't trade all that much and the prices are quite low. For example, how will you do it next week?
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