I think that today and maybe tomorrow will be the lowest aapl price we
will see before the iphone launch.

Anyway, I had established debit spread contracts. Here is what I have
done:

I have bought 650 contracts of June 105 call
I have sold 650 contracts of June 110 call
NET DEBIT $4.00

If the price of aapl will hold $110 and above by June OE, it means I
will make $1 on every $4 I have invested, which is a 25% return.

I established this position on Tuesday, but now you can get this
position for a $3.40 spread. I have invested $260,000 in order to make
$65K.

I love doing ITM debit spreads, as they are a safe strategy with great
probability of a 25% return per month.

Now, if the stock goes down to $109 on the day of expiration of June
contracts, I will break even, anything below that will hurt me.

I have been trading aapl for more than 3 years now and I know the
patterns of this stock. The chances of seeing AAPL below $110 on June
15th is VERY LOW.

If you trade options, lets exchange some ideas here.

Regards,

Lev