An Apple Ap a Day

• Posted by Adam Warner
• on September 9th, 2009

Is it me, or did this up day feel like a down day? AAPL not lovin’ whatever new they came up with today didn’t help I guess. AIG looks great again though, so maybe they’re flocking to quality.

And hey, the “toppy” metals call looks good. For a day. The flip side to the volatility ramp into strength is that options likely weaken into weakness. Nothing yet on that front today as they’re pretty close to unch., but something to watch for. In all fairness, AIG has a similar pattern (albeit at volatility levels 3x the AEM levels). And even with the stock lopping off 1/3 of value and then finding a much tighter range, options volatility has not given much back. Yet. I’d avoid long October paper in there though, at least for now.

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

blog comments powered by Disqus