05/01/2009

Betting against Jobs

We've been fairly early in beginning to speculate that Steve Jobs might sooner or later end his tenure at Apple - some will say, way too early, especially seeing how discussions are heating up again following Apple's cancellation of its Macworld participation. But now, we have it from His Steveness, namely that he is not intending to step down just now. 

On the very same day, intrade has opened two contracts where participants can speculate about whether Jobs will resign before June or December 09. I'll make sure to keep watching. There's no trading so far, and both contracts are at about 20% likelihood. If you own AAPL, you may want to go long those contracts ...

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