Our Hot Money monitor triggered a new bullish alert in Apple Inc (AAPL).
For the last two weeks, we've seen massive amounts of short-term OTM calls being bought, betting shares breakout, and becoming the first 3-trillion dollar company.
Shares have rebounded from the shakeout last week and we can finally see it breakout.
Here's what I'm doing…
Buy-to-open the AAPL Dec. 31, 2021, $182.50 call
At last glance, this is trading at $1.09 per contract.
I'll average into my position.
I'm also buying the AAPL Dec. 31, 2021, $185 call.
If prices start to spike higher, I'll take profits when the stock prices hit $182.13 and the rest on the breakout.
Let’s manage our risk before entry and I’ll keep you updated every step of the way.