New evidence suggests that since last summer the tail has been wagging the dog
If you're any kind of Apple (AAPL) investor, you should be aware of the chart at right, even if you don't know a put from a call and don't really care to.
It shows the value in millions of dollars as of Wednesday morning of the outstanding Apple options that expire this Friday, with the magenta bars representing MOREPhilip Elmer-DeWitt - May 18, 2011 7:36 AM ET
If you're looking for evidence of manipulation, Friday's close was picture-perfect
"The easiest way to think of options," wrote The Market Skeptics's Eric deCarbonnel in a prescient 2009 post, "is as a type of insurance. Investors pay a premium to protect themselves against sharp swings in the market. If these sharp swings don't happen, those selling options (option market makers) keep the premiums as profit."
"In a legitimate free market," he continues, "every MOREPhilip Elmer-DeWitt - May 15, 2011 9:32 AM ET
There's something very fishy about the weekly options market. Is it time to reel in the bad guys?
It was 3:48 p.m. on Friday April 29 and traders who had purchased Apple (AAPL) April 29 $350 "calls" -- options that gave them the right to buy Apple shares in blocks of 100 for $350 per share -- were sitting pretty. The stock was trading around $353.50 and those calls were worth MOREPhilip Elmer-DeWitt - May 12, 2011 1:00 PM ET
Trading in the company's shares Monday was slower than it's been since New Year's Eve, 2010
Apple (AAPL) has been trading in a narrow band this year -- to the undying frustration of investors who think the stock's price ought to reflect the company's breakneck earnings growth (EPS up 75%, 68%, 75% and 92%, respectively, over the past four quarters).
Apple's trading volume, by contrast, is as changeable as a baby's bottom, MOREPhilip Elmer-DeWitt - May 10, 2011 8:09 AM ET
After six years and an eight-fold increase in share price, maybe it's about time
On Feb. 28, 2005, with Apple (AAPL) trading at $88.99 a share, the company issued a 2:1 split. The stock closed that day at $44.86. Within a year it was once again selling for more than $80 a share.
At The Mac Observer's Apple Finance Board, where the question of whether Apple is about to split has come MOREPhilip Elmer-DeWitt - Feb 9, 2011 6:07 AM ET
Climbs $6.35 for the day, passing a record $274.07 set last June
With the iPad set to go on sale the next morning in China and five South American countries, Apple (AAPL) shares rose $6.35 (2.35%) Thursday to close at a record $276.57. The stock is still a couple dollars shy of the record intraday high of $279.01 set on June 21, 2010.
[Follow Philip Elmer-DeWitt on Twitter @philiped]Philip Elmer-DeWitt - Sep 16, 2010 4:18 PM ET
This week's $23.80 rise was one for the record books
Apple (AAPL) shares opened Monday at $247.03 and closed Friday at $270.83, a 9.63% increase from what was already its second-best opening day.
To find a better week for Apple shares, you have to go back more than a year -- to April 3, 2009 -- when the stock was trading just over $104 a share and managed to climb 10.98% in MOREPhilip Elmer-DeWitt - Apr 24, 2010 1:39 PM ET
COO Tim Cook clears $68 million before taxes; CFO Peter Oppenheimer, $46 million
Apple's senior staff had a busy -- and profitable -- trading day Thursday.
More than a million restricted shares of Apple (AAPL) stock that seven of them were granted on Dec. 14, 2005 became fully vested Wednesday. The next day, with Apple opening at an all-time record high, four of them sold off all those shares pursuant, as the MOREPhilip Elmer-DeWitt - Mar 26, 2010 7:31 AM ET
With a hot phone, a new tablet and the lion's share of PC profits, Apple is on a tear
Apple (AAPL) closed at 228.36 Tuesday, up 3.61 points (1.61%) for the day to hit another record high -- its seventh since March 5.
While the whole market was up Tuesday -- and tech stocks in particular -- Apple has been enjoying a particular strong run. Its shares have climbed nearly 14% in MOREPhilip Elmer-DeWitt - Mar 23, 2010 5:46 PM ET
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