Shares of Apple (AAPL) were over $190 and making a run at $200 before Friday morning. In fact, there is an old saying that once a stock hits $90 its going to $100. In AAPL's case, once a stock hits $190 it's going to $200.
I like taking advantage of this move lower to play the bounce. In addition, premium is dirt cheap in AAPL. I can buy the July 195 calls for about $2.75. That is a "steal" of a price and a great way to play AAPL having a recovery bounce.
Trade: Buy to open 1 AAPL July 195 call for $2.73.
At the time of publication, Sebastian had no positions in the securities mentioned.