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Thursday, December 28, 2006

Great Posts

Our internet experienced downtime and slowness yesterday due to Taiwan earthquake damaging underwater cable communications. I have been and will be rather inactive on the trading front this week even though DOW closed at all time high, surpassing 12,500 mark. Still in holiday mood :) and given the thin volume and window dressing, I don't think I will be missing much.

But I'm still reading blogs and here's a few good posts that I like to share:

-Using Volatility To Select The Best Option Trading Strategy by David Wesolowicz and Jay Kaeppel. Speaking of Jay Kaeppel, I recently read his book "The Option Trader's Guide to Probability, Volatility and Timing" and some of the content in this link can be found in this book as well. I strongly recommend you print out the Relative Volatility/Trading Strategy Reference Table from this link, very useful good summary.

-Sigma options shares his analysis on NKE straddle and volatility implications. Clearly articulated post.

-Biotech options play? Not for the faint-hearted...

-AAPL gapped down on options scandal but recovered grounds quickly. See how Jamie and Caltrader traded this gap fade. The lastest news out from briefing.com at 20.06:

AAPL Apple Computer CEO stk options not authorized by Bd - FT

Chief Executive Steve Jobs was given 7.5 mln stock options in 2001 without the required authorization of the board of directors, The Financial Times reports on its Web site, citing people familiar with the matter. The FT reported that records that purported to show a full board meeting had taken place to approve Jobs' remuneration, as required by AAPL's procedures, were later falsified. The sources said that those records are among the pieces of evidence being weighed by the U.S. Securities and Exchange Commission as it decides wither to pursue a case against the co or any individual over the affair. According to a 2002 filing by AAPL, the options under review were handed to Jobs in October 2001, at an exercise price of $18.30 a share. However, the FT said, the purported board authorization was dated near the end of the year, suggesting the benefits were both not properly authorized and were backdated. Jobs later surrendered his options before they were exercised, implying that he didn't gain any direct benefit from them. he was later given a grant of restricted stock by AAPL instead.


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