Facebook (FB) fell sharply at the open today, falling 12% to $33. This can only be good news for Apple(AAPL), as folks will look to go back into something that is actually extremely undervalued at $536. We expect Apple (AAPL) to trade over $560 this week and purchased the $565 calls for .68. We will continue to add as we think Apple (AAPL) we perform almost like a 'flight to safety' trade as the Eurozone mess works itself out.
3 thoughts on “Apple (AAPL) will reap the benefits of the Facebook (FB) fiasco”
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just an awesome call. $565 calls $.68 closed $5.85 in one day. $680 into $5,850
.68 to $13.20 in less than two days!!! thats why we trade options!!!
$68 into $1320 or $680 into $13,200 in less then 24 hours Now thats Really Good % Gains 😉 (based on 1 contract or 10 contracts of AAPL $565 Calls) … GJ Guys