Add AAPL Calls

Adding Technology Upside

By Bryan Bottarelli
Tuesday, September 01, 2009 9:45 AM EDT
Tue, 1 Sep 2009 13:45:00 GMT

PLAY: Buy the AAPL September 170 Calls (APV IN) at or under $4.50, good for the day. Place a protective stop limit at $2.20 and a sniper sell at $7.00.

Dear Bottarelli Research Member,

Good morning. Yesterday’s end-of-day trading action once again confirmed the fact that the bulls are ready and willing to buy into any dip. Even though the calendar has now switched over to September (historically the worst market month of the year), I want to remain positioned in a manner that will benefit from a market fall – while also locking in quick-hit winners on any dip-buying. In that spirit, I’d like to beef up our upside position by adding September calls on Apple Computer (AAPL – NASDAQ).

AAPL

As you can see from the chart, AAPL has been slowly moving up, and the recent dip above $170 down to $165 could offer a nice point of entry. In terms of a catalyst, I heard that Apple is getting set to launch their iPhone in China. If the popularity of the iPhone here in the United States is any indication, the Chinese will go ape-nuts over this industry-leading device. With that backdrop, let’s add September calls now.

PLAY: Buy the AAPL September 170 Calls (APV IN) at or under $4.50, good for the day. Place a protective stop limit at $2.20 and a sniper sell at $7.00.

And as always…

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

© 2012 CSR Group, LLC. All rights reserved. Published in USA.

Information, opinion, research, and commentary contained herein is obtained from sources believed to be reliable; their reliability, however, cannot be guaranteed. The maxim of Caveat Emptor applies — let the buyer beware. Bottarelli Research does not provide individual investment advice, act as an investment advisor, or individually advocate the purchase or sale of any security or investment.

Investments recommended in this service should be made only after consulting with your investment advisor, and only after reviewing the prospectus or financial statements of the company. Bottarelli Research reserves the right to use e-mail endorsements and/or profit claims from its subscribers for marketing purposes. All names will be kept anonymous and only subscriber’s initials will be used unless express written permission has been granted to the contrary.

CSR Group, LLC expressly forbids its writers from having a financial interest in any security recommended to readers. Furthermore, all employees and agents of CSR Group, LLC and its affiliate companies must wait 24 hours before following a published recommendation.

Bottarelli Research alerts contain time-sensitive information, and are published and distributed to members with urgency. Because of this, not all published materials can be adequately proofread, and an occasional spelling or grammar error may exist.


Other Options Alerts From September 2009