First off, I admit I did not spend all of the long weekend preparing for my first recap of market news.I did take 3 1/2 hours off to watch the Bears pummel the Seahawks.I will repeat this next weekend, but will not predict a pummeling of the Packers.I’ve learned my lesson in the past behind having things in print that I can never take back.All I’ll say is go Bears, the team, not the market bears.
Potentially the biggest news for an individual stock came out yesterday.Our babysitter even asked me if Apple (AAPL) was going to be under pressure due to Steve Jobs taking a health related leave of absence.The focus Tuesday morning will be on this news, but also, AAPL announces earnings results for the fourth quarter of 2010 after the close the same day.What is really timely about all this Apple news relates to a new set of VIX related indexes recently announced by the CBOE.The exchange is now calculating and quoting VIX indexes on individual stocks with Apple, Amazon (AMZN), IBM (IBM), Google (GOOG), and Goldman Sachs (GS) being the first stocks with these indexes being quoted.Watching AAPL stock and the AAPL VIX will both be fun for market observers this week.
Other things of note from the weekend –
Barron’s had their annual round table with forecasters laying out their favorite stocks for 2011.Also a report card showing their performance for 2010 was laid out.
Striking Price (the option column) had Larry McMillan as a guest author.His discussion about the current volatility environment is worth reading over.
Options Action (CNBC Friday Night) – a commentator recommended an option strategy to buy AAPL on weakness (interesting to see how that works with the Steve Jobs news) – discussion of Goldman Sachs into earnings (Wednesday after the close) with a couple of potential strategies presented – review of a previous Intel strategy presentation