Friday, October 19, 2007

Quick Apple Play

Going long some deep ITM Apple, Inc. (AAPL) Nov Calls before next week's earnings report. Although they're all clearly overvalued given the B-S model, it appears that the Nov 60 C is at least on par, at aprx. a 1:1 ratio against it's theoretical value vs. an 82:1 ratio of the Nov 220 C at this morning's open.

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