Earlier today, I recommended buying CEF for a conservative low risk way to bet on a bottom in gold & silver. Now I am recommending a speculative trade for those who want to play the AAPL earnings release. I believe, given the chart, the company fundamentals and the market concentration in the mega cap tech stocks, AAPL could go either up to 200 or down to 170. Buy a small amount of calls if you don't hold the stock long already. Say the Aug. 195's. I would buy a larger amount of Aug. 190 puts. I believe there is much more downside possible, to the gap at 170, than upside. If you buy both, you may get an early pop to 200 where you can sell the calls and still get a drop over the next few weeks to 170. I believe the downside holds more opportunity. Chartsmaster
