Apple: Potential 185% Options Play

With both SPY and QQQ hitting ATH today AAPL is still 9 points below its ATH.  Earnings is Jan 28 if you expect to see a run up to earnings during the next month you could open a bull call spread.   Looking at the Jan Expiration we could buy the 130 Call and sell the 135 Call for a total debit of $175  If at expiration the stock is trading above 135 our spread would be worth $500 or a 185% increase.

Below is the risk profile.