Omega Advisors’ Winning Apple (AAPL) Stock Trade

Billionaire hedge fund manager Leon Cooperman, who runs Omega Advisors, reveals to CNBC at the SALT Conference in Las Vegas that after announcing in February the liquidation of his 266,404-share stake in Apple (AAPL), he got back in — and won.

“About two weeks ago, I bought a January 400 call. Sold a January 460 call and I sold a January 325 put, zero. No cost. Took about $30,” he said.

“We didn’t do enough size unfortunately,” Cooperman added. “We couldn’t get it done.”

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