As U.S.-China trade talks make slow progress, a few tech stocks could be on the verge of a major rally. Sarah Potter, author of 'How You Can Trade Like a Pro,' shares how to trade Apple, Intel and Broadcom now.
div > div.group > p:first-child"> After months of negotiation, the U.S. is reportedly close to entering a trade agreement with China, a deal that could be sealed at a summit between President Donald Trump and Chinese President Xi Jinping at the end of the month.
"Apple has just been sitting here and waiting for an opportunity to get even higher than where it has been lately," Potter said on CNBC's"Trading Nation" on Tuesday."As an options trader, I think this is a really great opportunity to start looking for trades in a stock like this, as we are seeing it move sideways."
Potter is betting Apple will stay above the $170 strike price by the cost of the options contract by March 29 expiration. Apple would have to fall 3 percent to move below $170. Potter is targeting a move back up to previous highs at $58 and would exit the position if it dropped below $53.
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