There seems to be little interest among subscribers in trading this stock, perhaps because it takes many thousands of dollars just to mess around with far-out-of-the-money options. Although spread-trading them can reduce the risk almost to zero, it’s not easy to do so because the stock moves around so much. I’ll continue to track AAPL nonetheless, since it is the most important and reliable bellwether for the stock market as a whole; but also, as you may have surmised by now, because nailing the highs and lows of big moves within $1.00 or less is as easy as shooting fish in a barrel. Henceforth, you can use my overnight and intraday Hidden Pivot targets and midpoints as you please, but I will refrain from giving specific trading advice unless there should arise a rare opportunity to offer a trade that nearly anyone can do. _______ UPDATE (11:42 a.m. EDT): I was evidently mistaken about their being little interest in trading this stock, since I’ve heard so far from four subscribers this morning who did the spread at prices ranging from 13.60 to 14.05. I’ll use a nice, round 14.00 as the official price, and eight lots as the quantity. For now, do nothing further, but stay tuned. The goal is to roll into the Dec-Nov put spread before the short Octobers expire on October 19. Ideally, we would cover the puts we are short for bupkus while shorting the November puts for big bucks. If AAPL were to drop $8-$12 in the days ahead, however, we might try to “butterfly” our position by buying far-out-of-the-money call spreads. Stay tuned. _______ UPDATE (12:57 a.m. EDT): Because AAPL is selling off hard, let’s add to our spread, shorting four Sep 615 puts for 6.10 or better. They are currently 6.25 bid. If your account is not qualified to be naked short puts or calls, you can buy puts below the 615 strike to spread off the short Sep 615s. The Sep 580 puts, for around 2.05, will work. Keep in mind that even though you may be naked-short the Sep 615 puts, the risk is well covered by the put calendar spreads. In practice, if the stock were to take a dive spectacular enough to boost the Sep 615 put, it will boost the value of our calendar spreads by even more. Also, upward pressure on the Sep 615 put if AAPL continues to fall will be muted by time decay working against the September series. Click here for a free trial subscription that will allow you access to all features and services at Rick’s Picks, including real-time updates and a chat room that draws experienced traders from around the world 24/7.