OptionsHouse

Options Trading News

October 12, 2012  Fri 8:11 AM CT

AAPL: SEE CHART GET CHAIN FIND STRATEGIES
I think that we have so many hedge funds trying to lock in gains that they are taking precedent over the mutual funds that want to bolster them.

Meanwhile, new money seems paralyzed because of the political polarization that makes people feel that nothing can be done until we know more about the election and the "fiscal cliff." It's almost as if we decided that we liked the certainty of an Obama victory, the pre-debate situation, more than we like the possibility of a real horse race where we don't know the winner.

TheStreet.com logoHow polarized are we? We got a terrific jobless claim number yesterday, and there was enough doubt sown about the validity of the labor numbers last week that nobody seems to believe, let alone care, about the new trajectory.

It was a nice change of pace to hear Goldman CEO Lloyd Blankfein talk on CNBC about what could go right if we avoid the fiscal cliff, but it would also be really terrific if the Tooth Fairy existed and Santa was part of the fourth-quarter GDP.  

Meanwhile, lurking and lurking is Apple, which simply won't allow animal spirits to seep into the market despite the excitement that we have seen from Sprint, Realogy, and Workday.

Funny, I reiterate that if Apple were to rally and go higher that would solve a lot of our short-term problems.

Disclosure: Cramer's charitable trust is long AAPL.
Share this article with your friends


Related Stories

AAPL

Cramer: Not Done Talking Deals

May 12, 2015

Deals and talk of deals get people excited about this market, even as yesterday's session turned out to be a profit-taker after Friday's barn burner.

AAPL

Cramer: Taking one day at a time

May 5, 2015

There's an imperative to know the whys and wherefores of a given day's activity if only to understand why you get those bargains and opportunities.

AAPL

Apple earnings take center stage

April 27, 2015

In addition to tech giant's quarterly results this afternoon, the Dallas Fed releases its regional activity index.

OptionsHouse

Premium Services

Archived Webinar

Education & Strategy

Short synthetic stock

With the use of the calls and puts we can not only create Long Synthetic Stock, but Short Synthetic Stock as well...

View more education articles »