If you’ve ever wondered if something can increase in value 100-fold overnight, look no farther than Facebook’s weekly put options. I’ve pasted in yellow the last prices from yesterday. It’s quite a contrast with what they’re going for now.
Slope of Hope Blog Posts
This is the heart and soul of the web site. Here we have literally tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. You can also click on any category icon to see posts tagged with that particular category.
Southern California experiences a “May gray, June gloom” weather effect. Up north in Cupertino, America’s favorite smartphone maker experiences a similar phenomenon with its stock price.
In the past ten years, AAPL closed beneath its June options expiration (OpEx) open (Mid-May to Mid-June) six out of ten times.
And when we focus on the past five years’ June OpEx periods, the bears won four out of those five times.
A major reason behind the bearishness is Apple’s annual Worldwide Developers’ Conference (WWDC), which is almost always held in June.
Since 2005, AAPL closed every week red except one (11-1 to the bears), and that was 2014 when the 7-for-1 stock split took place shortly after the WWDC. (more…)
A little addition we made in the wee hours of the morning was this menu item, which is available to everyone:
Last month, in a post about Portfolio Armor‘s security selection method (A Security Selection Method That Beats The Market), I might have included a few too many charts. At least, that’s the impression you gave in the comments. So this time, I’ve decided to use a table instead, where every starting date links to an interactive chart. (more…)