It’s been a while since we checked in on this stock, but if it is still a reliable bellwether for the market as a whole, the picture is not especially bright at the moment.  Apple has moved sideways in 2011 despite doing gangbusters business.  Now, it is in the throes of a rally with the potential to reach 365.70, a Hidden Pivot, but my gut tells me it will sputter out at the midpoint resistance associated with that number, 348.22.  Accordingly, I’ll recommend buying two June 330 puts, good-till-canceled, if and when the stock gets within 15 cents of that last number.  Stop yourself out of the position, however, if AAPL trades above 348.45.