Trade Alert – (AAPL) September 10, 2012

As a potentially profitable opportunity presents itself, John will send you an alert with specific trade information as to what should be bought, when to buy it, and at what price.

Trade Alert – (AAPL)

Sell the (AAPL) September, 2012 $580-$630 Call Spread at $48.55 or best

Closing Trade

9-10-2013

expiration date: 9-21-2012

Portfolio weighting: 10%

($10,000/100/$48.55) = 2 Contracts

This is a classic “Buy the rumor, sell the news” situation. I drove by downtown San Francisco’s largest convention center last night, Moscone Center. There is a gigantic 50 foot high sign announcing the launch of the iPhone 5 tomorrow. You don’t get a better hint than that. This is what has been powering the last $160 move in Apple stock for the last four months, and made it one of the top performing American stocks this year.

I still love this stock long term, and believe that it is just a matter of time before we top $1,000. So I will be back in buying with both hands on the next $100 dip.

Here are the specific trades you need to execute this position:

Sell 2 X (AAPL) September, 2012 $580 Calls at………………. $95.50
Buy to cover 2 X (AAPL) September, 2012 $630 calls a.….….-$46.95

Net Proceeds……………………………………………………. $48.55

Profit = $48.55 – $46.50 = $2.05

($2.50 X 100 X 2) = $410, or 0.41% for the notional $100,000 model portfolio.

Please note that this is the 24th consecutive closing profitable postiion for the Trade Alert Service

Thanks Again Steve!

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