I mentioned in today’s tout for Silver Wheaton that its chart looks no worse than that of this supposed world-beater. Meanwhile, Apple is approaching a 357.97 midpoint support where we can try bottom-fishing. Specifically, I’ll recommend buying two September 400 calls if and when the stock reaches the midpoint. Stop yourself out if the calls trade for 0.50 less than you’ve paid for them. ________ UPDATE: We bought the calls @ 2.20, but if you paid more please let me know, since I prefer to track all options trades that I recommend on a worst-case basis. In any event, stop yourself out if they trade for 0.50 less — officially, 1.70. I am not thrilled with the fact that the stock overshot the target by $2, since that implies that lower prices are coming. For now, though, offer one of the calls to close for 4.10.
