We rarely goes against this stock, especially since its handlers never fail to shake buyers down whenever there’s a news-driven opportunity like the recent bombshell concerning Steve Jobs. However, because the 388.87 rally target shown in the chart looks enticing, let’s take a small gamble, buying two September 350 puts if the stock gets within 15 cents of the target. However, stop yourself out if the options trade for 0.25 less than you paid. _______ UPDATE: We took a $50 loss when the stock blew past the target early in the session. The power of the move implies that AAPL is capable of 438.76 if and when it exceeds that Hidden Pivot midpoint’s sibling on a closing basis for two consecutive days.
