We’re buying the Apple Inc. (AAPL) November 20, 2020, $105 call options.
Our indicator is telling us that AAPL is poised to pop, so we are using the weekly options that have until November 20 to maximize that performance.
Action to take:
In your brokerage account, locate the Apple Inc. (AAPL) November 20, 2020, $105 call options.
The symbol is AAPL201120C00105000.
In your brokerage account, search for options under stock ticker: AAPL.
Make sure you choose the right option (expiring on November 20, 2020)
Choose the $105 strike price.
Select “call” options,
Select how many contracts to buy. (I recommend pairs of contracts for money management.)
Once you have the right contract, click “buy to open.”
Choose “limit order.” This sets the price for the trade.
Use a limit of $9 — Click “buy” to transmit the order.
You can also call your broker and say, “I want to buy the Apple Inc. (AAPL) November 20, 2020, $105 call options with a $9 limit.”