Bullish on Apple With Conservative Option Entry

Apple reported a decent enough earnings to remind investors that people still use apple products. As a result the stock gapped up and trapped a lot of investors that went short leading into earnings. Since apple now gapped up above the 100-SMA I would like to own APPLE on the retest of this moving average which is @$100.12.

I don't think it will get to this level especially if tomorrow is a bullish day because the short trading still holding on to thier losing position will be buying to close if Apple starts forming a bottom or trading above the 200-SMA.

As a result I will Sell an Aug16 Put for .80 premium. This lets me own shares of apple at a price im comfortable with if my plan is correct and lets me collect some cash if I am wrong.

If I get put the shares my stop is well below the 50-SMA which will allow me time to escape or play defense.

with this setup:
Trigger: 99.20 (strike - premium)
Stop: 95.87 (lowest possible stop for 1R losswith respect to number of contracts)
Target: 112.05 (nearest top)