On CNBC’s “Options Action,” Tony Zhang suggested that investors should consider a bullish options strategy in Apple Inc. (NASDAQ: AAPL). He believes that the sell-off is going to be contained with the volatility we have seen over the past couple of days.Zhang thinks Apple’s chart is strong, relative to the market and to the tech sector and he thinks it has one of the strongest fundamental outlooks within the tech sector. The stock traded below its 20-day moving average, which Zhang sees as a bullish sign.To make a bullish bet, Zhang wants to sell the October $115/$105 put spread for …read more
Source:: Yahoo Finance
