Sat goodbye to your money. This isn't like last year where the stock kept going up. The mm's are screwing all the long call buyers. Franky, I think the GS confernce was a charade to make the stock tank.
I bought a mix of calls, some going out to January, at 465 strike. I believe the cash they are hoarding will be put to some helpful use, whether it's a dividend increase or an acquisition.
Sentiment: Strong Buy
The stock hit the down trend line and didn't pierce thru it but instead fell. Every time it tries to rally it's sold into and keeps making lower lows intra day,
It was on it's way to at best testing the 52 week low when Bill Miller and David Einhorn came out to try to defend the stock. Einhorn's bounce was fading when apple came out with a press release saying they would think about his proposal and has lost 25 points since Tim Cook spoke at the investor conference.
Were it not for the Bill Miller/Einhorn hype this stock would be at a new low.
Einhorn is a bully who is upset he's down and down big time. He bought 275K call options plus a bunch of shares between 500 and nearly 700. He was talking his own book but in the end it won't prevent the stock from selling off. It rallied and it was sold into. Now the stock isn't over sold any more.
Good luck. You probably would have been better off selling calls rather than buying them but hey, it's your money......... or it was anyway.