Disney’s CEO buys $1M of Apple, leaves $40K on table by Philip Elmer-DeWitt @FortuneMagazine November 21, 2012, 8:33 PM EST E-mail Tweet Facebook Google Plus Linkedin Share icons Iger FORTUNE — “Talk about timing,” writes reader Jim Neal, who spotted an SEC Form 4 filed Tuesday by Disney DIS CEO — and Apple AAPL board member — Bob Iger. Iger, who exercised 1 million Disney options last week netting nearly $18 million, bought $1 million worth of Apple in the last hour of trading Monday. The timing issue is that Apple soared more than $35 that day — its second-largest-ever one-day dollar gain. “Had he bought at the open he would already have made a killing,” notes Neal. “As it is, he probably still bought at a pretty good price.” To be precise, Iger paid an average of $563.35 for 1,780 shares of a stock that opened that morning at $540.71, a difference of $40,306. He got a better deal last November, shortly after joining Apple’s board, when he bought $1 million worth of Apple for about $375 a share.