Morning Trade: Apple (AAPL)

Dan Deming says AAPL is working though a rotation out of technology and into cyclicals. He says the stock is an opportunistic buy at these price levels. In the next couple of months, the stock could settle at the bottom of a trading range so Dan sets up a July cash secured put to collect premium and be assigned stock at lower price points if the option trades in the money by expiration.

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Morning Trade: Apple (AAPL)

Dan Deming says AAPL is working though a rotation out of technology and into cyclicals. He says the stock is an opportunistic buy at these price levels. In the next couple of months, the stock could settle at the bottom of a trading range so Dan sets up a July cash secured put to collect premium and be assigned stock at lower price points if the option trades in the money by expiration.