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Tuesday, October 6, 2015
AAPL: Purchase @ "120"
Common Cents purchased a December 18 $115 call option for $5 as AAPL's share price declined to near $110. Recent news releases has been favorable in regards to iPhone and China sales. The call options will last through the upcoming quarterly release on October 27. Common Cents expects the earnings release to be favorable; however, as per usual, the reaction to the earnings release by the analyst community is unpredictable. Going forward, Common Cents will look to sell the options for at least $5.50.
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