Friday, July 6, 2007
So the big item in the news lately is the iPhone. I am a big fan of it. The day after it came out I rushed out to play with it and thats it, after all it it $600 and I just bought a car so.. In any case the iPhone is just as impressive as was shown in that presentation with Steve jobs. I showed it to my girlfriend a few days later, and surprisingly she really wanted it. Again its $600 and we split the car (Acura TSX). Its pretty tough to get her to really like new technology, the same goes with me, but I'm always looking to play with the next cool gadget. Just to show how big of a fan I am I purchased some July options at a strike price of 130 for around 3.10, I purchased it a few weeks before and the price went down to $1 something, the time which I should have bought it. That however is my life so.. In any case I sold it yesterday at 4.10 as apples stock has jumped over $130 and today the option is around $5. Again the same story of my life, can't complain profit is profit =). It doesn't mean that I don't think the iPhone will do poorly, on the contrary i just purchased Jan 2008 options at a strike price of $200 for $1.58. The only reason I sold so quickly is that its a July option is set to expire July 21 and apples earnings don't come out until july 25 so..
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