Dan Nathan's Apple (AAPL) Trade

On CNBC's Options Action, Dan Nathan suggested an options strategy in Apple AAPL. He explained that this stock is on everyone's buying list, and there are some catalysts people are looking at. One of those is iPhone 5. Dan Nathan wants to buy a call spread in Apple (AAPL). He wants to buy the September 375 call for $12.00, and sell the September 400 call for $5.00. The spread costs him $7, and he can gain up to $18 if the stock trades between $382 and $400. Apple (AAPL) fell 5.46% today, and it closed at $353.21.