Quite an interesting presentation. I was impressed.
Like where Lion is going.
Really see a great value proposition for the MBAs. I see them as real computers now rather than just luxuries.
What do you think?
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AAPL at a nice round number this Friday?
290 or 280?
Also, when did this weekly options thing start and where can I read about it?(I gather from a few references I’ve read here that either there are now weekly options expiring or that there is some external mechanism that simulates weekly options, but I really don’t know anything about it. Just want to get informed. Thanks.)
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carlmuck
With the volume increasing over the last several days, I think that the option strike price effect will be less evident than over the weeks with lower than average volume. That being said, the current open interest for this weeks options are:
280: calls (ITM) – 5930 puts (OTM) – 6429 — Total – 12359
290: calls (OTM) – 8163 puts (ITM) – 808 — Total – 8971So pressure would be towards $280.
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JPWatkins
I believe last week was the traditional OE.
Are there now some options that expire every week?
If so, where can I see information on them?
Thanks.-
conshmillo
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carlmuck
There are both weekly and monthly options on AAPL. CBOE has listings, if you click on THIS LINK (which is also above in my message on the word “are” (this site doesn’t seem to render links.), you can see the option chain listings for Apple.
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JPWatkins
Oh, thanks.
I did miss the link. They seem to render only on roll over, and then very subtly.
So the options are issued on Mondays and expire each week on Friday? No wonder I never noticed them. -
JPWatkins
Never knew there were weekly options.
I’m confused by the nomenclature on that link (options have lots of confusing minutia.)
The option selections link lists them by expiration and labels them as expiring on
“September 10″ but the note above the table says they expire “September 23″ Which is a Thursday.
Does this mean the weekly options are on a different calendar than the other options? Issued on Fridays and expiring on thursdays? (rather than issued on Mondays and expiring on Fridays?) -
JPWatkins
Have there always been weekly options?
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sworoc
This is news to me as well, JP. I’m as curious as you are.
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conshmillo
So to sum it up, they are very new and being still tested. Only few stocks and ETFs currently have them. They expire every Friday, except for 3rd week of month when regular monthly options expire. During the third week of the month they are not traded at all. That’s why we have not seen weekly pin last week.
Those September options that you see at that link that expire in 3 days are weeklies, as regular September options expired last week. The other ones are October monthlies. If you use TD Ameritrade or ThinkOrSwim, weekly options have a upper case W next to them.
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JPWatkins
Thanks Consh.
And the link is very helpful. -
JPWatkins
So Consh, please be patient with me
At Google Options:
http://www.google.com/finance/option_chain?q=NASDAQ:AAPL
The weekly options appear not to be listed. Is this so?
And at Yahoo:
http://finance.yahoo.com/q/op?s=AAPL+Options
They seem to indicate the options expire on Thursdays (although we know they expire on Fridays from the link you provided.) Also, besides the confusing dates on the “view by expiration” links, they appear to be listing the weeklies mixed in with the monthlies, which seems very confusing to me (perhaps they just haven’t straightened it out yet?) Am I seeing this right? Do you have any other comments that might be helpful or informative?-
conshmillo
Don’t use neither google nor yahoo for info on weekly options. They are mess. Google lists just date and no values and yahoo lists wrong expiration day on weeklies and no way of switching to monthlies. Use Schaeffer’s Research for weekly option quotes. Schaeffer is to options what is Zack to stocks. Great resource!
http://www.schaeffersresearch.com/streetools/options/option_montage.aspx?ticker=AAPL
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caruso2323
@conshmillo
I was not impressed at all at the rational used by Zack about its downgrade for Apple… I wonder why would people pay for such a lousy service assuming it is consistent with other stocks…-
conshmillo
@caruso2323
Zacks’ is not lousy service. Quite opposite. Zacks’ has a very long track record of producing over 30% return a year on stocks! I did not really ever care about Zacks’ upgrades or downgrades, only what matters is the Zacks’ rank which is based on earnings.
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JPWatkins
Thanks.
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Conshmillo,
I didn’t like the new site at first, but I’m starting to appreciate it more. Keep up the hard work and keep usability as your primary goal.-
conshmillo
John, a lot more work needs to be done. I noted feedback from all of you and I will do some changes as soon as I can free up some time.
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Rick-o
Just thought I would chime in and say I appreciate the site also. It’s GREAT not having all that crap spam or loser Apple bashers that inundated the Google forums. Thanks Consh!
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Birra
Yes, thank you conshmillo. I really like being able to see the Most Recent Comments, great feature. And in your copious spare time, I’d like to be able to edit and delete my posts.
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Birra
BTW, I wouldn’t mind seeing a few posters who see things differently than most of us or have experience with Android, Nokia, or RIM. I know it’s tough to find folks who are can do it without getting just plain stupid, but it might be worth a try. I’ve been able to have a few good exchanges with Jay, but he has gone goofy a few times.
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nolavabo 2:47 pm on October 20, 2010 577 days ago Reply
Facetime for Macs! Facetime for Macs! Facetime for Macs! Facetime for Macs! Facetime for Macs!
Inevitable, even obvious. But I was waiting on this to buy an iPhone 4.
JPWatkins 2:47 pm on October 20, 2010 577 days ago Reply
BTW,
Link to video of the event:
http://www.apple.com/apple-events/
nolavabo 2:48 pm on October 20, 2010 577 days ago Reply
Oh, and the Mac App Store. If I can buy iLife 11 through it, all the better.
Expect to see the Windows 7 App Store announced before Christmas.
JPWatkins 3:01 pm on October 20, 2010 577 days ago Reply
Yeah. I’m a little surprised this isn’t bigger news.
I see this as an indication all mobile computing will now go solid state, which means faster, more powerful, instantly usable, and hard times for HDD manufacturers.
Lots of cool stuff. Some of my faves:
MBA
iOS features coming to the Mac (still not too impressed with the Magic trackpad mouse though)
Loved the new features on iLife
Lion looks to be a very interesting move. The iDevices, far from canbalizing Macs look like they will reinforce Macs, and visa versa.
I’m excited.
carlmuck 3:30 pm on October 20, 2010 577 days ago Reply
MBA pricing looks good, its right about where the high-end netbooks were. And MBA is a better answer there. I’ll probably be getting the MBA 11.6 for my daughter to replacer her Acer (and make her very happy at Christmas!)
GotWake 4:51 pm on October 20, 2010 577 days ago Reply
That was a great presentation. Steve and Co. have outdone themselves with Mac apps. That is absolutely going to be the biggest thing. It feeds that instant gratification and impulse buying bug. Yet another revenue source for aapl.
and…… I bet that feeds iAds too.
The MBAs look great. I’m think it would be a great laptop for my kids. I’m with you JP, I bought the trackpad, but I just don’t like it as good as the Magic mouse. I don’t think anyone touched the trackpad during the presentation??
The next few years are going to game changing time! Apple’s ecosystem is maturing nicely, while everyone else fumbles around trying to rush their crap to market. Fun times
JPWatkins 5:18 pm on October 20, 2010 577 days ago Reply
Sorry GW, I meant the Magic Mouse (I don’t have the nomenclature down.)
I find that it skids away when one tries to use it like a trackpad, which makes it frustrating. I’ve not used the magic trackpad much, but I imagine it would would be similar to to the trackpad on my MBP, which is OK but no substitute for a mouse.
BTW, did anyone else notice the difficulty the fellow had with either the Magic Mouse (my guess) or the gestures when “Mission Control” was being demonstrated. I felt bad for him.
GotWake 6:00 pm on October 20, 2010 577 days ago Reply
I actually like my Magic mouse. You may want to get a new mouse pad. One that isn’t so slick. I’m using my old Falcon pad and it keeps the mouse from moving. It would be irritating to have it skid.
I did notice the issue during the presentation. I guess he was using a four finger sweep?? Hopefully, it’s just a quirk that hasn’t been ironed out.
I loved the comment that like everyone, he liked “windows”. I was like WTH, then he corrected it to not MS Windows. If I was the crew as MS, I would use that as a little spoof in the next presentation. But, I doubt the execs over there have that much vision.
nolavabo 8:36 pm on October 20, 2010 577 days ago Reply
Poor guys’ hands were shaking. Public speaking is terrifying for most people, and he has an audience of tens of thousands of people. I recall a bit from a comedy routine back in the 70s (and then stolen by Seinfeld) that surveys showed that people are more afraid of public speaking than dying. So at a funeral, they’d rather be in the coffin than the guy giving the eulogy.
For some reason, although I’m not a very extroverted person, I never suffered from that particular problem.
Birra 8:49 pm on October 20, 2010 577 days ago Reply
“Poor guys‚Äô hands were shaking.” Had that problem once, then discovered valium.
I’m really impressed with the MBAs and the pricing. These are going to sell really well and put disks suppliers in dire straights. Apparently, Apple will suck up the world’s supply of flash.
Birra 9:19 am on October 21, 2010 576 days ago Reply
Here’s an interesting question.
Will the MBAir cannibalize the MBPro? Does it matter?
GotWake 12:41 pm on October 21, 2010 576 days ago Reply
@birra
I bought my first Macbook Pro back when the Air first came out. I had actually gone to buy the Air. But, I just could not resist the Pro. I think the Air really drives traffic into Apple stores. That is what Apple wants, either way, you will be walking out with something.
Zee 12:49 pm on October 21, 2010 576 days ago Reply
Conditionally yes and no. Does it matter? Only if the percentage of sales growth is less than the existing MBA, and MBPro sales growth and projected curve. Could that happen? Unlikely.
Pleasure to see you Bir. Charming question, like an echo too. Don’t knock yourself out, sir.
JPWatkins 12:45 pm on October 22, 2010 575 days ago Reply
Seems to me that the two are very different, at least for now. As I have said before, I consider my 17″ MBP more a portable desktop than a laptop. The smaller MBPs are more laptop-ish. Possibly the smallest MBP overlaps a bit with the MBA, but “Pro’s” need the power of a real MBP.
I’m sure the MBAs and MBPs will continue to influence future versions of each other though.
Birra 8:51 am on October 26, 2010 571 days ago Reply
The MBP and MBA are quite different, but personally I’d have a hard time picking one over the other for my needs. Unfortunately my 4 year old MBP hasn’t aged at all. Sometimes I wish that Apple didn’t make such damn good products. Pretty much how I feel about my 2000 Nissan Frontier. I simply can’t bring myself to buy something new when my old ones are like new. What a dilemma!