Take APPL Profits

Lock in Quick Gainer

By Bryan Bottarelli
Friday, June 19, 2009 3:37 PM EDT
Fri, 19 Jun 2009 19:37:00 GMT

PLAY: Sell your AAPL July 140 Calls (APV GH) at market, good for the day.

Dear Bottarelli Research Member,

While this isn’t the biggest win in the history of trading, shares of Apple (AAPL – NASDAQ) are rallying into the close, and I’d like to take full advantage of the upside pop.

The AAPL July 140 Calls (APV GH) that we entered yesterday for $4.85 have traded as high as $5.45 today, good for a 2-day gain of 12.37%. At the same time, shares of RIMM are down over $3.50, which supports my thesis that Apple’s iPhone is now cutting into RIMM’s BlackBerry. Let’s close off the week by taking our profits now!

AAPL

PLAY: Sell your AAPL July 140 Calls (APV GH) at market, good for the day.

And on that note, have a good weekend. And as always…

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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