Sunday, June 28, 2009

Stop-Loss for AAPL

Two (trading) days before Steve Jobs is expected to return from his self-directed medical leave, I've placed my AAPL shares under a stop-loss order at $135. Just in case he decides to ditch the company and go study at the Shaolin Temple or something. Then, I'll buy the shares back more cheaply.

Naturally, I'd like to write puts to buy those lower priced shares, but the premiums offered for puts on this high-profile stock are unattractive.