Apple’s dip yesterday beneath the point ‘C’ low of the large rally pattern shown has negated a 130.83 target while opening the door for possible bottom-fishing at 101.78 (see inset). Specifically, I’ll recommend buying four Jan 30 110 calls with the stock trading within 0.06 of the target. We’ll try to spread them off against short 112 or 113 calls if the opportunity arises, but otherwise, tie the 110s to a stop-loss of 0.15.
