Apple struggled so hard to go lower last week that we should consider getting long at the 113.21 midpoint support shown. A reversal from that price is logical if we expect the long-term bull to remain dominant, as we most surely do. To limit risk, I’ll suggest buying four December 12 116 calls if and when the stock gets within 0.04 of the target. You’re less likely to get ripped off if you track the option bid/asked once 114.00 is hit on the way down. Try to position your bid so that it’s midway between the bid and offer, and stop yourself out of the position if the calls trade for 0.15 less than you paid for them. I’ll be in the chat room till around 11 a.m. EST if there are any questions about this.
