The following video is part of our "Motley Fool Conversations" series, in which analyst Joe Tenebruso and analyst Paul Chi discuss topics across the investing world.

Investors are constantly searching for ways to profit from Apple's tremendous growth. Some are looking to invest in companies that supply Apple with products that appear in its devices, while others are looking to short companies that are losing the competitive battle to Apple. While these strategies definitely have some merit, Joe explains why there's a simpler and better way to profit off Apple's success.

Joe Tenebruso owns shares of Apple and has the following options: short Jan. 2014 $600 puts on Apple. Paul Chi has no positions in the stocks mentioned above. The Motley Fool owns shares of Apple and Qualcomm. Motley Fool newsletter services recommend Apple. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.