Novice Trade: Apple

Today feels very "one offish." By this I mean this is probably a selloff that lasts today, maybe part of Wednesday, but is not a major change in trend. If we were that worried about interest rates, the S&P 500 we would be down 50 today, not 25.

I would use today as a chance to go shopping for some names I like. Apple (AAPL) , for instance, has gone from $165 to almost $190 and is now back to $185. The June AAPL 190 calls are cheap at about $2.00 a contract. These could easily double on AAPL's next run at $190....31 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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