AAPL Purchase @ "$124"

Common Cents purchased AAPL as it declined to around $122.  The purchase consisted of a call option, which represents the right to buy 100 shares of the stock at a certain price.  More specifically, Common Cents purchased an October 16 call option with a $115 strike price for $9.00.  Common Cents' goal is to sell the option for a minimum of $10.00.

We purchased this call option due to the decline in AAPL's share price since the last quarterly earnings report, which we feel was a stellar report and did not warrant the decline in AAPL's share price.  AAPL's PE multiple is well below that of the S&P and does not reflect the fantastic management execution, future prospects, or balance sheet.