AAPL – Apple Computer (Last:356.41)

We hold two September 400 calls for 2.27 — the worst fill experienced by a subscriber on this trade apparently. The stock looks like hell, but only because its sleazy handlers want it to look that way.  Regardless of where they intend to turn AAPL around, we’ll stick with the 1.70 stop-loss on the calls, o-c-o with an order to close out one of them for 4.10. Note:  If They pull out the rug, the next place I would look to buy the stock is at 338.88.  ______ UPDATE: We exited the calls for 1.70 — and good riddance. They traded as high as 1.96 on a vicious  opening-bar head-fake, but plummeted to touch 1.70 within an hour.  By day’s end, the calls had traded as low as 1.35.  Our theoretical trading loss was $114.