Take Modest AAPL Profits

Lock in Small Gainer

By Bryan Bottarelli
Friday, September 04, 2009 12:29 PM EDT
Fri, 4 Sep 2009 16:29:00 GMT

PLAY: Sell your AAPL September 170 Calls (APV IN) at market, good for the day.

Dear Bottarelli Research Member,

It’s been a bumpy ride in Apple Computer (AAPL – NASDAQ) lately, but our decision to lower our cost basis and add to our position on September 1st is coming into play nicely today. As I write, Apple is up nearly $4.00 on the day, which has pushed our calls up to a high of $4.25. While this is not the biggest winner in the history of trading, it is worthy to note that this was an average-in position, which doubled our total exposure. Therefore, let’s use this pop to our advantage and lock in our modest profit leading into a long holiday weekend. Take the money and run!

AAPL

PLAY: Sell your AAPL September 170 Calls (APV IN) at market, good for the day.

Considering where this position was, locking in a modest gainer is a win in my book! Nice trading.

And as always…

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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