Save the Date; Plus, Can Apple Leap Higher?

Good morning, Power Profit Traders!

Don’t forget — I’m LIVE at 9:30 a.m. ET every morning RIGHT HERE, and this Thursday, I’ll be doing an extra-long session to explain how I’ve found what could become the most important crypto since Bitcoin (BTC).

I’ll be discussing what I view as the biggest opportunity to create generation wealth that, frankly, I’ve ever seen.

I’ve spent the past six months doing my homework on this, and can’t wait to tell you about how there’s a brand-new technology that could disrupt the biggest industry in the world.

Make sure to mark your calendars for 9:30 a.m. ET this Thursday for a special 90-minute, must-see, LIVE trading session with me.

Outside of crypto and the Digital World Acquisition (DWAC) mayhem of late, earnings remain the biggest headline-makers on Wall Street.

Today, I want to discuss the wave of bullish bets bombarding big-cap tech before earnings.

Can Apple Stock Leap Higher?

Facebook (FB) reported earnings after the close last night. The social media firm reported stronger-than-expected per-share earnings, but fell short of analysts’ revenue targets for the quarter.

Nevertheless, FB stock was higher in after-hours trading, flirting with the $335 level.

Fellow tech titan Microsoft (MSFT) will report after the close today, as will fellow FAANG stock and Google parent Alphabet (GOOG).

Perhaps the most closely watched earnings, however, will come from Apple (AAPL) after the close on Thursday, Oct. 28.

Ahead of the event, the iPhone maker is attracting some very long-term bulls, if the Unusually High Call Option Volume from the TG Suite’s Morning Report is any indication.

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AAPL’s $150-strike call expiring Jan. 19, 2024 — yes, in more than two years — saw crazy-high volume yesterday, with more than 6,200 contracts exchanged.

Buyers of these LEAPS — or Long-term Equity AnticiPation Securities — expect AAPL to be well above $150 by January 2024 options expiration, and are likely gambling on a strong earnings report later this week.

In order to break even, though, the buyers would need the stock to be above $175 (strike + premium paid), going by the $25.80 price tag from our Watchlist.

These calls were pretty close to the money at the time of the action, as AAPL closed Monday around $148.64.

That’s all for now, but be sure to jump in the room to watch me LIVE at 9:30 a.m. ET today, and then pencil me in — no, better yet, PEN me in — for my SPECIAL CRYPTO SESSION at 9:30 a.m. ET this Thursday!

Talk soon,

Tom Gentile

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