Liz Brazeal here with a quick update! (I took some headshots over the weekend so you can see who you’re talking to. I also got a mortgage.)
More importantly, I have a life update for YOU. If you got in on Mark Sebastian’s AAPL volume play on Friday, you’re a happy camper.
If you recall, Mark said he expected a big upside breakout for AAPL within a week. Took just three days (one, if you don’t count the weekend).
AAPL closed out Monday afternoon above 153…which means you could have closed out yesterday afternoon up 116% or more.
And if you decided to go with the higher risk/reward profile and play “Dollar Slots” with a long straddle, getting in at $3.35 – you could have hit 116% or better.
If you recall, this is exactly what Mark told you would happen.
I asked Mark if he had any comments for the press on this happy development. When he didn’t respond immediately (probably counting his money) I said “Did I stutter?” He then cooperated.
“Welp, the move I was looking for finally happened. AAPL on HUGE volume blew through the 149 strike, the 150 strike and the 152.5. We saw 440k contracts on 3 strikes.
“If that happens, who knows high it could go…I would likely be looking for new all-time highs.”
And how high might those all-time highs be, I inquired?
I’ve got Mark’s new price target right here – and a fresh recommendation to play the next round of AAPL upside.
Here’s Where AAPL Is Going Next – And How to Play It
Given that this is just a quick update on a developing story, I’ll make it short and sweet. Flex traders rejoice!
Mark expects AAPL to hit $155 by September 10, which is my birthday, by the way. (Send presents c/o Money Map Press.)
That means he’s throwing out a call for you to buy now. This isn’t hedged, so you could consider it “Dollar Slots.” But really, it’s just a freebie out of the goodness of Mark’s heart. (He does have good points.)
Here’s what to do:
Action to Take:
BUY-to-OPEN AAPL September 10 $155 Calls (AAPL210910C00155000). Pay up to $1.05. Enter as a Good-til-Canceled (GTC) order. |
Again, congratulations on your first round of quick AAPL wins – if you want to toot your horn a little bit, jump into the Money Morning LIVE room anytime and let us know in live chat.
I’m paying extra close attention to these plays myself, now that I own a wooded acre with a septic system that I can already see will be somewhat expensive.
In the future, I’m planning on getting a more extensive open portfolio update out regularly – possibly on the weekends. But in the meantime, you can see all our open trades in the portfolio right here.
I’ll be back here tomorrow with a trade from Chris Johnson, our very own Penny Hawk. Same time, same place.
Liz