If you bought calls this morning, it may turn out well if AAPL stops fooling around!
AAPL - Apple Inc - Page 627
Also included Rock's post.
Actual Max Pain is 570 because it's a monthly and these go way back, but 10 day max pain I have at $610 for Friday. Apple has closed within $2 of Max Pain on Opex eight of the last ten months which is where I got the 80% from.
That's all I have to say about that.
Believe AAPL will eventually trade above 620 once more, hard to say if there is much of a pullback before then.
Earnings next Tuesday, so could get some wild moves!
Edited by rst - 7/19/12 at 12:06pm
Good luck, still might get a pop above 615!
Am continuing to work AAPL from the long side, move over 620 by next week is possible.