Apple Appears to be at an Attractive Level
TheStreet Premium Services
A complimentary preview
of Options-Profits Previews
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 twitter.com/OptionsProfits
Mark can be followed on Twitter at twitter.com/OptionPit
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.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV