AppleOption: Apple (AAPL) Stock Options Trading Newsletter

AppleOption is issuing a trade alert on the Long-Term Portfolio.

We are in the premium collection business, and it is time to take our next position for the LTP.

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AppleOption is issuing a trade alert for the Short Term Portfolio (STP).

We are seeing nice movement in the market today and Apple is definitely leading the pack. A few days back, eleven to be exact, we bought 3 April options that have now nearly double in value - 192.6%.

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Let’s start the weekly review by examining the Dow Jones. Sunday evening we saw Bear Stearns bought for $2 by JP Morgan. The result was a panic monday as we fell below 11,800 at the open. The rest of the week was marked by rallies. We climbed above 12,000 never falling below, then Tuesday’s rate cut helped us rally above 12,100 which was never broke. Then Wednesdays morning we broke above 12,400 and finished the week just a touch below. This is an excellent display of increased strength of the market as more and more begin to believe that we have bottomed. Check out the Dow Jones chart below, just click to enlarge.

The S&P 500 and the NASDAQ both showed strength as well. The S&P started the week at 1,260 and climbed to 1,320 while the NASDAQ started at 4120 and climbed to 4300. The Index Condor Portfolio locked in near maximum profit on the the SPY trades this week thanks to this impressive rally.

Our last chart to look at is Apple. We stated the week just under $123 and climbed to $133 by Thursday. We are starting to see good strength in Apple. We expect accumulation this month prior to the earnings report in May. June will mark the WWDC and the iPhone SDK release. There are several reasons to own this stock for the long term. When we look back at the beginning of the year in July or December, you don’t want to ask yourself “why didn’t I buy at those low levels!” Our goal at AppleOption is to teach investors how we trade Apple stock and we are at a key moment for overall portfolio success.

AppleOption Short Term Portfolio

Due to Monday’s lows, we took advantage of the price closing one of our trades for a 51.8% gain! We are well positioned for the April rally, and the portfolio has already seen gains.

AppleOption Short Term Portfolio

Due to Monday’s lows, we stepped into another long term trade which will require a little patience buy will reward us nicely.

Index Condor Portfolio

As we mentioned, the S&P 500 rally helped our SPY trade close at nearly maximal profit. One trade closed with 20.9% while the other closed with 29.1%. These trades resulted in a profit of $1,090 for the month.

All of the portfolios are off to an excellent start despite the market crash in January/February.

AppleOption is issuing a trade alert on the Index Condor Portfolio. We are shutting down the March expiration trades for a monthly gain of 20.9% and 29.1% on the respective trades for a net return of $1090!

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