Apple triggered the short I’d suggested around the time I began a webinar yesterday for hundreds of attendees. Under the circumstances, I was unable to post detailed guidance for initiating the trade. However, to establish a tracking position for anyone who did get short, I’ll assume 200 shares laid out at 102.60. Cover half on this morning’s opening so that a generous stop-loss can be applied to the rest. (Put it at 102.73 for the time being.) However, if AAPL should fall below 98 today, cover the rest at will._______ UPDATE: Half the position initiated yesterday could have been covered on the opening for 97.82, leaving the remaining half — officially, 100 shares — with an imputed cost basis of 107.38. Apple subsequently dipped below 98, touching a low of 97.00 and triggering the second part of the order. The minimum profit on the entire position would have been $938 if you started with 200 shares and covered the second round lot at 97.99.