Novice Trade: Apple

I still believe I am right that this is going to be a short-lived selloff in high-cap technology, even if it is lasting longer than I would have expected. Apple (AAPL) was trading at $155 on Friday morning, and I can buy the July 145 call for about $4.00. In my view, that call will be worth near $8 by the time July expiration finally rolls around, as AAPL should rebound.

I am adding duration (time) but the cost is a $4.00 option instead of a $1.20 option. That said, I want long exposure here in AAPL, so I am going to strap on more shares despite Friday's stink bomb of a trade....8 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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