Novice Trade: Apple

My only regret about suggesting this call buy in Apple (AAPL) is that I did not put it out at 9 a.m. ET. AAPL is already following the pattern I have seen in many mega-cap tech stocks that essentially "perform" on their earnings. A stock might get sold off or rally, followed by a pop in the name.

Someone else seems to be seeing the same pattern as over 130,000 of the AAPL June $155 calls have been bought today. I would be a buyer of July $150 calls for $3, which is only 2% of the value of the stock now. That is way too cheap and options I will get to sell at $6....7 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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