Apple Is the Last Tech Play Standing

Is Apple (AAPL - commentary - Cramer's Take) signaling it is not Research In Motion (RIMM - commentary - Cramer's Take), or is Apple simply signaling that even if it reports that iPhones are slowing -- which they aren't -- you'll be OK?

We are really down to tag ends tech now, where the only company that I feel has any momentum at all is Apple. It has not been able to be brought down by the myriad slings and arrows that everyone's throwing at tech.

It's not Google (GOOG - commentary - Cramer's Take), which is ad-supported.

It's not Microsoft (MSFT - commentary - Cramer's Take), which needs personal computers not made by Apple -- and therefore not liked by teenagers. It is not Nokia (NOK - commentary - Cramer's Take) or Motorola (MOT - commentary - Cramer's Take), as we know they are losing share to iPhone.

Apple is consistent, and it has two good earnings streams: iPhone, supported by the very happy and rich AT&T (T - commentary - Cramer's Take), and iTunes, which, let's face it, has simply won the category.

On a video earlier today, I wanted to say, "Buy Apple," but I was nervous because I figured RIM would be down big.

Nope.

I also feel emboldened by Amazon's (AMZN - commentary - Cramer's Take) numbers.

So, here's my idea. Buy the December 85 calls for $11 and change. If the stock runs to $100, begin to short common against it. If the company preannounces, you will have a total homerun from the short cover. If the company doesn't, you ride it for two weeks and get a nice gain without $30 or $40 risk that could happen on a total disaster.

Why go so deep? One, I like the value and two, they will keep some value if RIM is any sign of things.

Random musings: Exxon's (XOM - commentary - Cramer's Take) up on OPEC's dire predictions, so you know the fix is in.

At the time of publication, Cramer had no positions in the stocks mentioned.

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