NEW YORK (TheStreet) -- Apple stock is in bull mode. Make that ultra-bull mode. Since the Nov. 25 low of $363, this stock has risen 56%.The trading range of 2011 that limited Apple's upside because of the Steve Jobs uncertainty, the European sovereign debt crisis and trepidation because of the delayed iPhone 4S -- all are long gone. From Jan. 1, 2010 until Nov. 25, 2011 Apple investors suffered through 10 corrections that sold off an average of $42 each time. Those trading ranges have been replaced with the kind of action we haven't witnessed since 2007.
There are certain times when it makes sense to utilize option LEAPS as a stock replacement. This is one of those times. With the new iPad going on sale this Friday, the quarterly earnings report coming up in April, a possible iTV event this summer, and an iPhone 5 release in the fall this stock is primed to repeat its 2007 performance. Add in the positive uncertainty of a possible dividend announcement and 2012 could end up being one for the Apple history books. For those who are interested in learning more about options and how to take maximum advantage of this unique Apple opportunity we have organized the 2012 Apple Investor Summit this Thursday and Friday, March 15 and 16, at the Los Angeles Convention Center. It is our goal to make sure this event is worth your time. The Summit features keynote presentations by Apple cofounder Steve Wozniak along with Steve Jobs biographer Walter Isaacson. I will be speaking alongside 15 other money managers, authors and bloggers in an attempt to educate individual investors about the Apple opportunity, especially with options. To sum it up, the next two years of this Apple run are what we like to call "easy money." It's Tim Cook's job to expand the company that Steve Jobs built and he is off to a great start. It's our job to maximize our returns during this window of opportunity.