Kevin M. O'Brien's  Instablog

I've been asked via e-mail and by phone if I am still offering the week long training (Monday- Friday) on my daily options trading strategy. While I do take a couple of weeks off here and there, I am still offering it. My next availability will be mid-June 2012. If you are interested, please send me an e-mail and I will go into further detail. Also, after the training is complete, I still personally interact daily with my Google chat forum for free on a daily basis regarding the daily trades, where questions can be asked on potential trades and my take on them. Currently, there is a group of about 14 people who help each other out. It works out great.

Thanks again.

Disclosure: I am long AAPL.

Thanks again everyone who has inquired about meeting up with me in San Diego in regards to the training of the daily options strategy. I have received many requests and currently have weekly sessions booked.

I wanted to let everyone know where I stand in terms of open weeks available. I do have some confirmed in the following weeks, and others that are pending. It was suggested to me that this would be an easier way to communicate my schedule.

February 20-24 - booked
February 27th - March 2nd - booked
March 5th- March 9th - booked
March 12- March 16th - booked
March 19 - March 23rd - currently open
March 26 - March 30th- Booked
April 2nd - April 6th - currently open
April 9th - April 13th - requested, not confirmed.. currently open
April 16th - April 20th - booked

May 14th- Booked

May 21th- Booked

May 28th- Booked

June 4- Booked

Thank you all again. If you have any questions, send me an e-mail or leave me a comment.

One of the keys to trading (or investing) is having conviction in what you believe. I have never been the type of trader or writer who gives a convoluted take on where I think a particular stock is going. Please see many of my previous long call buying recommendations on Seeking Alpha, which included trades on EMC Corp. (EMC), Wynn (WYNN), Apache (APA) and others. Have I always been right? Absolutely not. However, many of these will always depend on when someone decides to exit a trade. For example, on March 5, 2012, I wrote an article on how Priceline (PCLN) was due for a pullback. I recommended purchasing put options. The next day, Priceline.com fell almost $21.00/share. At that point, I sold my trade. The put options increased in value so much, I saw no reason to hold it any longer.

This brings me to a point about having a set goal in mind ahead of time before even making a trade. One of the worst traits to have when investing in stocks or options is greed. I have seen very good investors and traders fall hard to this trait: when to let go and be content with your gains.

After Apple (AAPL) reported earnings last week, the stock shot up past $610.00/share. This was still a far retreat from the $644.00 52-week high it reached, but was a nice comeback nevertheless.

Since then, Apple has again come back down very swiftly. Financial news stations and talking heads are very good at making the world seem as though it might end when Apple's stock price falls, which is pure panic and media entertainment. Apple is a great company. This is not a stock that is overvalued in the least. How many companies can sport a price-to-earnings ratio of 14.23 and a earnings-per-share of 41.04? That is beyond cheap. Here are some other fundamentals:

Price Target Summary

If apple is not at $700.00/share by September, I will be shocked. It is also important to remember that China Mobile is only going to increase Apple's earnings-per-share (EPS). While Apple notoriously low-balls future estimates, this is actually a benefit to investors, as they almost always blow past these estimates.

Often, when a stock as heavily traded, liquid, and as media-infuenced as Apple has been falls even slightly, there is a natural tendency to panic and follow the sheep. Do not. This stock is going to recover and it will be dramatic. That is a guarantee. I encourage anyone and everyone in September 2012, if Apple is not trading at least $700.00/share, to call me out on this. That is my conviction.

If you are holding stock, I recommend not only holding it, but to increase your position. If you own long calls, I would suggest averaging down if you have taken a hit lately with the stock moving down as much as it has lately. You will be rewarded.

In my opinion, Apple trading at $583.98/share is a complete steal. Panic selling and short traders love this. It is their bread and butter. The January 2013 $620.00 call options are very attractive right now. How long they will stay at their current lower price is not something I will pass up, and I will be adding to my position.

If you have any questions, please leave a comment or send me an e-mail.

Disclosure: I am long AAPL.