Stock, Option and Futures Trading
AAPL Weekly 330 Calls
June 13, 2011
If APPL breaks out above the $328.35 we would play the weekly 330 calls that closed today at $1.60. We would look to cover and scale out of the calls when AAPL reaches the $335.00 level.
The market has had 8 straight days to the downside and we are looking for a pop to the upside. At this point it is important to wait for AAPL to make the breakout before jumping on these calls.