Apple (AAPL)

Mar 17, 2021Trade Ideas

We’re loving these QQQ trades.

Just yesterday, we added a third QQQ opportunity with the April 1, 2021 323 calls. That’s on top of the QQQ March 19, 2021 313 calls and the QQQ March 2, 2021 314 calls. All should be doing very well. In fact, we’d love to hear how you’re doing with them.

While we could always look at even more QQQ calls, we’re finding other opportunities that are just as strong. Look at Apple (AAPL) for example. The stock is insanely oversold on RSI and MACD at the moment. From here, we believe it could run back to $132, near-term.

There are a couple of ways to trade Apple here.

One is to buy the AAPL stock up to $127.
Our initial target here is $132, near-term. Our long-term target is $144.
Set a stop loss at $119.

Or, you can buy to open the AAPL April 16, 2021 125 calls at market prices. These last traded at $4.75 with a delta of about 53 cents. We’d like to see at least a 50% return, near-term.

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