Registered: Jun 2009
Posts: 888

I would consider this the closest to going to "INFINITY" as one could get, at one point Volkswagen was valued greater than Exxon.

http://online.wsj.com/article/SB123125518158857415.html

"But Mr. Merckle lost hundreds of millions of euros last year in misplaced stock-market bets, said people familiar with the matter. Much of the loss was tied to short positions in Volkswagen AG, in which he wagered that the stock price would fall. Instead, it skyrocketed late last year in what market participants have described as one of the most dramatic short squeezes ever. In a short squeeze, investors who were betting against a company are forced into the market to buy back stock after the price rises."

Registered: Mar 2003
Posts: 5283

"
January 26, 2012 2:35 pm
Apple’s $100bn reserve ripe for spending

By Chris Nuttall in San Francisco

http://www.ft.com/intl/cms/s/2/2c1c...144feabdc0.html

The rate of cash generation is also accelerating, forcing the management and board to address the issue. In the last quarter, Apple was adding cash to its coffers at a rate of more than $1bn a week. At that pace, Apple should have already crossed the $100bn net cash mark this month after finishing 2011 with $97.6bn in cash on hand.


On its earnings call on Tuesday, Peter Oppenheimer, chief financial officer, said the company was “actively discussing uses of our cash balance” but had nothing specific to announce as yet. “In the meantime, we continue to be very disciplined with the cash and are not letting it burn a hole in our pockets,” he added.

"

"
Apple’s Cash Reserves Could Reach $146 Billion By The End Of 2012

Posted in Apple on 14/09/2011 by J. Glenn Künzler

http://www.mactrast.com/2011/09/app...he-end-of-2012/
"

Registered: Mar 2003
Posts: 5283

To foresee is to manage!

"
http://en.wikipedia.org/wiki/Reinsurance

It is important to note that the insurance company is obliged to indemnify its policyholder for the loss under the insurance policy whether or not the reinsurer reimburses the insurer. Many insurance companies have experienced difficulties by purchasing reinsurance from companies that did not or could not pay their share of the loss. (These unpaid claims are known as uncollectibles.) This is particularly important on long-tail lines of business where the claims may arise many years after the premium is paid.

"

Registered: Apr 2003
Posts: 774

It's not likely AAPL's going to get bought out, so you don't have to worry about that. I'd worry more about a forced liquidation by your broker if vol spikes. You could get taken out involuntarily and the calls might still expire worthless.

Registered: Jan 2012
Posts: 2

Thank you very much. Your advice makes a lot of sense. I appreciate your taking the time to answer.

Registered: Nov 2008
Posts: 1741

Those calls will be OTM. Don't sweat it. just wait till exp week.

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