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APOL - Apollo Group $77.61

Apollo Group (NASDAQ:APOL) has provided higher education to working
adults for over 25 years. The company operates through its subsidiaries,
The University of Phoenix, Institute for Professional Development, College
for Financial Planning and Western International University. It offers its
programs and services at 82 campuses and 137 learning centers in 39
states, Puerto Rico, and Vancouver, British Columbia.

Stocks in the Education & Training Services segment have struggled in
recent sessions and Friday's move for APOL appears to be the start of
a new downtrend in the issue. In addition, there are now two levels of
technical supply between the sold (call) strike and the current price of
the stock, providing a large measure of resistance for any uptrend that
might occur in the near-term.

Fundamentals: http://finance.yahoo.com/q/ks?s=APOL&quicken=2

Chart: http://finance.yahoo.com/q/bc?s=APOL&t=6m

PLAY (conservative - bearish/credit spread):

BUY CALL FEB-90.00 OAQ-BR OI=1546 ASK=$0.20
SELL CALL FEB-85.00 OAQ-BQ OI=1687 BID=$0.55

INITIAL "NET-CREDIT" TARGET = $0.40-$0.45
POTENTIAL PROFIT (X 5 contracts) = $200
RETURN ON INVESTMENT (max) = 8%
COST BASIS = $85.40
LOSS-LIMIT/EXIT POINT =$83.50-$84.00

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