Apple flirts with $400July 25, 2011: 4:35 PM ET
Resistance was high, but the stock still managed to record a 34-year high
Apple (AAPL) closed at $398.50, up
- $5.20 (1.32%) for the day
- $83.18 (26.4%) since June 20
- $79.94 (23.5%) for the year and
- $139.22 (53.7%) year over year.
Barrons' Tiernan Ray notes that the stock hit $400 twice during the day, once shortly before 1:00 p.m. EDT and then again at 2:25.
Judging from the open interest in Apple weekly calls and puts, Max Pain stands somewhere between $380 and $400.