NEW DIRECTIONAL CALL PLAYS

Apollo Group - APOL - close: 73.47 change: -0.03 stop: 72.70

Why We Like It:
APOL is an education stock with a bullish pattern of higher lows. Shares are building up steam for a breakout over resistance at $75.00. I'm suggesting a trigger to buy calls at $75.25. If triggered our first target is $79.90. This should be a short-term play as we plan to exit ahead of the October 27th earnings report. FYI: The Point & Figure chart is bullish with a $95 target.

Suggested Options:
I am suggesting the November calls but we'll exit ahead of the late October earnings. My preference is the November $80 strike.

BUY CALL NOV 80.00 OAQ-KP open interest=3334 current ask $1.90

Annotated Chart:

Picked on   October xx at $ xx.xx <--  TRIGGER @ 75.25
Change since picked:       + 0.00
Earnings Date            10/27/09 (unconfirmed)
Average Daily Volume =        2.6 million  
Listed on   October 13, 2009