We’ll put plans of legging into a bullish butterfly spread on the back burner for now, since AAPL looks like it could noodle around for a while — for a long while, perhaps.  The next moon shot has the potential to reach 393.51, but it’s possible the stock could pull back to as low as 240-250 to stage for it. That implies a bearish butterfly opportunity centered on the 250 strike, but it could be a tortuous wait, since there are no strong indications at the moment that AAPL is keen on correcting much lower than around $300. A flash crash shakedown could do the trick, but were it to occur, we probably wouldn’t have enough time to exit the butterfly at the fat profit a swoon to $250 would likely provide.