Apple were to use their cash located overseas to buyback AAPL shares on the foreign stock exchanges. The shares could then be held in the foreign brokerage house names.
It would be better for Apple to have their foreign assets in the form of stocks or other assets such as real estate instead of cash. It is really a psychological problem. When someone has money, others are always trying shake them down to try and get their money.
Since Jon Najarian made this comment on CNBC, the open interest for the Sep 20 calls have increased by over 20,000. They have also doubled in value.
If Apple did something illegal, then it should be handled in a U.S. Tax Court.
Congress has done some ridiculous things such as going after Roger Clemens for steroid use during the middle of the economic crisis.
A good example of this was crude oil back in 2008 when it was $150. Everyone was then predicting $200 oil. In just a matter of months, oil sold off and bottomed at just under $34.
This is what I thought when I first saw the commercial for the Lincoln. It was about 2 guys getting ready to go and play golf. I was under the impression that he was still doing ads for Buick. I don't think it was by chance that the driver of the Lincoln in the commercial bears a close resemblance to Tiger Woods.
When Jon Najarian commented at 1:00PM on CNBC about the Sep 20 calls, the daily volume was around 7,000. Also, the volume for the Sep 16 puts was 2.
By 1:30PM, the volume was over 12,000 for the Sep 20 calls and 5,002 for the Sep 16 puts.
Did the same buyer buy 5,000 of the Sep 20 calls and finance the purchase by selling short 5,000 of the Sep 16 puts?
this morning near the low. I have been waiting for at least a little dip in price to get in. Will add to my position on a further decline. I like BX as a play on real estate.
Has anyone been following AVIV? There is no Yahoo message board for this real estate REIT. I have been waiting for a week to find a good entry point but it just continues to rise every day.
There is usually a price increase just before the Ex-Dividend date.
I am currently holding the May 10, 430/445 call spreads which I plan to close out soon. In the past, I have had to pay the dividends on some stocks such as GE for failing to cover my short ITM calls in a timely manner. With AAPL, your loss could be substantial with the larger dividends.
If you have a limit of 5k, then trade only the mini options. Each option controls just 10 shares and cost 1/10 the amount of a regular option. With the mini options, you can afford to buy deeper ITM calls thus reducing your cost for time premium. The mini options will also permit you to to scale in and out a position using multiple options.