This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Apple Appears to be at an Attractive Level

TheStreet Premium Services

A complimentary preview
of Options-Profits Previews

Stocks in this article: AAPL

This content brought to you by TheStreet's OptionsProfits. CLICK HERE FOR A 14-DAY FREE TRIAL.

Apple (AAPL) implied volatility is again getting plastered. Now that the stock has fallen back to $525, it seems to have found a floor. I want to take advantage of the incredible low IV buy buying a slightly out-of-the-money call.

I think I could win twice on this one if the stock and IV go up at the same time. Thus I feel I have 'edge' in the trade. I am going to buy the 550 calls in April for 6.50 or so. My goal is to double my money and I will kill the trade if it drops below $3.00 a share. AS ALWAYS, this is a guideline and you should always stick to your trading plan and what's best for your risk/reward tolerance.

Trade: Buy to open AAPL Apr 550 calls for $6.50.

OptionsProfits can be followed on Twitter at

Mark can be followed on Twitter at


EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

At the time of publication, Mark Sebastian held no positions on the stocks or issues mentioned.

Partners Compare Online Brokers

Top Rated Stocks Top Rated Funds Top Rated ETFs