Our bid for AAPL put options turned out to have been a couple of cents too low, but the attempt to get short at a minor rally target illuminates a tactic you will want to incorporate in your own arsenal. The surprise here was how liquid the options in this stock are – liquid enough that you could scalp in and out of hundreds of them with relatively little slippage. As you will surmise, the same opportunity exists in many popular day-trading vehicles, including the ultra-liquid SPY.
