Investors who agree with J.P.Morgan's equity analyst view that the stock should lift higher over the coming days should consider buying those August calls, they wrote in a report.
Apple, the world's largest technology company by market value, is slated to release fiscal third-quarter results after the stock market close on Tuesday.
This trade can be entered for a net cost of $13.15 based on Friday's stock closing price of $364.92. The break-even of the call trade is $378.15. Buyers of equity calls, which convey the right to buy the company's shares at a fixed price up to a certain date, risk losing the premium paid if shares are below the strike price of the call option at expiration. For the latest updates PRESS CTR + D or visit Stock Market news Today
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