Trade of the Day (AAPL) 2.13.2012
Reason I like this Trade: AAPL is a beast and I am looking to get long on any dips. I do not think there is anything that can derail AAPL right now, a stock split or a dividend would both make the stock rally even higher. The IPad 3 should be awesome with a new HD screen, lighter, and faster. Then there will be a possibility of a Macbook Pro upgrade this year with possibilities of a new iPhone and AAPL TV. This is more of a position than a trade, so I will not be looking to take any partial profits, just add more if the stock sells off. Also, watch out for the possible IBrick this year.
UPDATE 2.16.2012 With AAPL raging to $526 and now trading at $490, I think AAPL is a buy on any pullback and as I talked about, this is more of a position than a trade, so I will leave it on for more upside.
UPDATE 2.21.2012 With a rally in AAPL, but volatility staying high this spread is currently worth $15.50. As I talked about, this is a position, not a trade, so I will not add to it, but I will not take it off either just yet.
UPDATE 2.24.2012 With a rally in AAPL, but volatility staying high this spread is currently worth $13.00. IF AAPL breaks $530, I will add and sell more Put Spreads.
UPDATE 3.1.2012 With AAPL rallying almost everyday I look to get LONG any pullbacks. This spread that I sold for $16 is now worth $11.50 and I am leaving this position for more profit.
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