Professor Elam

Thursday May 20 2010

 Steve Jobs is famous for taking Apple to new heights, getting canned, being returned to Apple, and then making money as the iProducts came on stream. Here is the story of how he underestimated just how big the future of Apple could be. He traded in higher priced options for fewer lower priced options. Yes he made money but if he had held for the higher prices he would have made even more, we will be incorporating this story into the derivative narrative.