I believe Apple Computer (aapl) call writers may be manipulating aapl's stock price to keep weekly Chicago Board Options Exchange (CBOE) calls out of the money and artificially depressing aapl's stock price.
The CBOE aapl weekly options have become a tool for massive manipulation. It is a brazen ponzi scheme that rivals the Madoff scandal.
Let me explain. No matter what happens in the stock market on recent options expiration Fridays; aapl's stock price has closed down dramatically. The effect is to eliminate as many calls in the money as possible. These are weekly options expiration Fridays
This pattern has become clear to many who trade the stock. It is a pattern and practice that fraudulently distorts the price discovery mechanism for the stock to depress the value of the stock and renders worthless practically all weekly call options purchased.
As one bit of evidence of the cumulative effect of many such Fridays on long term retail investors, the stock trades today at a substantial and irrational discount to its growth rate, a .48 peg. IBM and Cisco trade at peg of close to 1.2. xom trades at a 1.54 peg.
To reiterate, the issue is cumulative stock manipulation that has damaged investors in the stock and manipulation that affected options prices and the value of the options to investors; thus, within the purview the CBOE, SEC and the Department of Justice.