Options Trade #1

All is right with the world. Steve Jobs is back in the captain's chair at Apple (AAPL) after a liver transplant, and the new iPhone 3GS is selling well (around a million units right out of the gate).

AAPL has withstood challenges from Palm (PALM) and Research In Motion (RIMM), along with Mr. Jobs' absence, to soar more than 60% off its March bottom.

With AAPL's products as popular as ever, look for the momentum to continue into the summer.

Buy the AAPL Aug 135 Calls (APVHG).

Options Trade #2

Microsoft (MSFT) appears to be hitting the right buttons with Bing, its new search engine, which is impressing critics. But that's just one of a number of new products the company is slated to roll out.

Windows 7 is getting good press (goodbye, Vista!), and Xbox 360 continues to produce for the bottom line. With the product pipeline full of promising offerings, the stock has a powerful wind at its back.

Buy the MSFT Aug 23 Calls (MSQHQ).

Options Trade #3

Everyone knows Cisco Systems (CSCO) as the giant in the networking arena. With the technology sector poised to retain its relative strength leadership through 2009, we like some of the larger companies in the group to continue outperforming the market.

For now, CSCO is one that remains off many analysts' radar screens, as just more than half those covering the stock have it ranked a buy. We typically like these "underappreciated" stocks, as they show room for upgrades and, thus, higher prices.

The CSCO Aug 18 Calls (CYQHU) appear positioned to provide a potential "doubler" as the stock moves back to its highs this summer.

Get three more options trades designed to double your money by the end of the summer here.