News Play - AAPL & C

AAPL - I have been looking to buy AAPL in anticipation of Steve Jobs' address at the MacWorld on Tuesday (today). Typically, it is a much watch event as market watchers are looking forward for AAPL to launch new products. Sold a Bull Put spread yesterday - less risk for a relatively good potential profit. Might buy straight Calls today depending on how the chart goes and what other news is avalaible.

• Bull Put Spread Jan 175/170 @$1.90 (when the stock is around $175.85)

C - Yesterday, I bought out-of-the-money Put in anticipation of Earnings today. It's been a long time since I play earnings. The market have been talking about a big write-down of its capital. How the stock moves today will depend partly on the following:

• How big the write down
• How big they intend to lay-off employees (if any)
• Whether they announced any potential white knights to inject capital into C.
• Buy to open Jan 27.5 @$0.39 (when the stock is around $29.00)

- PersianCat (Millionaire-in-progress)