Buy Alert: June 3, 2016

| June 3, 2016

Buy Alert:  June 3, 2016

 

Trade Details

Buy Apple (AAPL) July 15th 105 Calls for $0.60 or better (lower)

 

Why?

The May jobs report sent stocks lower but AAPL has held its ground so far.  The stock has retreated a bit over the last few days after making a run towards $100 on news of the Buffett investment.  Once the malaise from today washes over, AAPL should resume its rally to higher ground.  The company is still one of the best out there, regardless of what the financial media likes to report.

We’re going to buy July calls.  Conservative investors can take profits at $102.  Aggressive investors can hold up to $105.  For risk control, conservative traders should exit at $93, while more aggressive traders can hold down to $90.

 

Recent Activity

Apple

 

Category: OTW Buy Alerts

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