(AAPL)

THE APPLE INVESTOR: Competitors Will Have A Difficult Time Catching Up To iPad Sales
AAPL Up With Tech Stocks opened down this morning after posting two straight weeks of gains that drove major indexes to new multi-year highs. Shares of AAPL, however, are up strong, much higher than the rest of tech.
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Q&A From Yahoo Answers

Question by minerdave: Where can I view all the technical daily stock market charts for 2008, aapl and rimm?
I would like to research daily charts for different companies, however the different websites only show current daily charts that include technical information, is there an archive somewhere to view past daily charts?

Best answer:

Answer by Paul G
Bloomberg is very good.

Know better? Leave your own answer in the comments!

Related Article Article In Archives

A Consistently Profitable and Low Risk Option Strategy  

Article by Joelle Chan

Today, I’m going to talk about another options strategy… the CREDIT SPREAD. This is actually a directional strategy, which means you have to be either bullish or bearish about a stock.

Let’s start with an example… Suppose you are a big iPhone fan and are extremely bullish about Apple (AAPL). You looked at the chart and identified strong support at 8.28. You believe that there is no way AAPL is going to fall below 8.28. In that case, you can choose to sell the nearest OTM Put, which is the 5 Put. In order to protect yourself from any unexpected plunge in the stock, you buy an even lower OTM Put, which is the 0 Put.

Let’s just suppose you sold the 5 Put for .70 and bought the 0 Put for .20. What you’ve done is you’ve just sold a Bull Put Spread. Since the 5 Put that you sold is more expensive than the 0 Put, this spread is actually a credit spread; you earn premium upfront ((.70 – .20)*100 = 0 per lot in this case).

If you are right and AAPL never trades below 5 for the entire period till expiry day, both the 5 and 0 Put options will expire worthless and you are a few hundred bucks richer.

However, if you are wrong (say Steve Jobs is suddenly ousted from AAPL again) and the stock price plunges to 0 on expiry date, your lose is limited. This is because although you will be forced to buy AAPL stock at 5 now, you can turn around and sell that same stock at 0, since you bought a 0 Put to protect yourself. Thus, your loss is only limited to 0 for every Put you sold.

But wait! Remember you earned a premium of 0 on that fateful day when you decided to sell the spread? This means your loss is actually 0 – 0 = 0 per lot (excluding commissions). That’s not half as bad as if you had not bought the 0 Put. In which case you would have lost (5 – 0)*100 per lot… Even after deducting the premium that you earned, you would still have lost 00 – 0 = 30 per lot…

That’s the merit of doing a credit spread, as opposed to selling a naked option (i.e. selling an option without buying another to protect yourself)… Better safe than sorry.

About the Author

I’ve been trading options for 5 years and have been consistently profitable since I discovered the “secret” behind options trading. Find out more at my blog http://www.mymillionairegoal.com.

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