Global Wandering

Tomorrow is iPhone day. I’ve debated driving the four hours to Salt Lake City to see if I can procure one. Camden is willing to come with me since I was willing to get up before dawn to wait in line and fight the crowds for his Nintendo Wii.

On Monday I bought put options on Apple’s stock, betting its price would decline after a big run up in the last six months with all the iPhone hype. By Wednesday, the stock had declined enough for me to close out the position and have sufficient earnings to buy the phone. I consider it the ultimate irony to have raised the money for an iPhone by taking advantage of Apple’s falling stock price.

A four hour drive to buy a phone that might be sold out is frivolous indeed. On the other hand, spending the day alone, conversing with my oldest son as we pursue the frivolous is time well spent.