Again with the Steve Jobs Health Rumors, Apple shares slide (AAPL)
Come on already, enough is enough. Gizmodo.com reported a "rumor" that Apple Inc.'s (NASDAQ:AAPL) Steve Jobs's health was declining. AAPL shares lost a few bucks after the news was released, dropping from $88 to $84, then finishing the day at $86.29. Maybe Apple should just replace Jobs with a Lego version, then if he breaks, you just order a new Lego Steve Jobs.
Gizmodo quoted a "solid source," which it did not identify, as saying that Jobs's "rapidly declining" health was the real reason behind his decision to cancel a keynote speech at next week's MacWorld conference. It titled the report "rumor."
Lego Steve Jobs was not available for comment.
The AAPL options were going crazy on the news (http://www.ibtimes.com)
AAPL Apple Inc. Volume at the January 80 and 85 strike puts in Apple Inc. quickly surged to around 10,000 lots each as investors recycled a story appearing at a tech-website that the health of Apple's CEO and gadget-wizard, Steve Jobs was "declining rapidly."
Apple options are generally extremely liquid throughout the day and investors generally have plenty of product or strategic fodder to react to as they deal actively in and out of option contracts.
The January 80 strike puts had traded in a narrow 1.63-2.05 range until around 12:30 ET before the story began circulating. Investors pounced on put contracts giving investors rights to sell shares and helped pushed put prices as high as 3.10. The January 85 strike puts also jumped from a 3.07-3.72 intraday range to as high as 5.05 as volume jumped.
Lego Steve Jobs was created by Podbrix, at Podbrix.com, they also have some cool Apple related crap for sale, check it:
http://podbrix.com/itemlist.php

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PodBrix Minifig - Keynote
$16.99
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AAPL Apple Inc. Volume at the January 80 and 85 strike puts in Apple Inc. quickly surged to around 10,000 lots each as investors recycled a story appearing at a tech-website that the health of Apple's CEO and gadget-wizard, Steve Jobs was "declining rapidly."






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