For the record, the nimble trader could have bought May 260 calls for 0.50 when stocks were bottoming last Thursday.  They traded for 4.50 yesterday, when profit-taking probably acted as a restraint on Apple’s further progress. The stock’s pullback was so shallow that anyone still short should have been alarmed by day’s end.  A rally to 266.32 is indicated, with a possible midpoint impediment at 257.43.