Permabears should curb their hopes, since AAPL’s upward stab through p=189.07, although still tentative, was unambiguously bullish. It is also bullish that the stock has closed for two consecutive weeks above this crucial resistance.  The extent of any correction remains to be seen, but a particularly brutal selloff down to the green line (x=156.62) would create a back-up-the-truck buying opportunity. Assuming the stock doesn’t leap from the starting gate on Monday and run away this week, my gut feeling is that it could spend much of the summer pussyfooting near the red line (p=189.07). We can focus on short-term option strategies in the meantime, since even minor, meaningless swings hold opportunity if we get the timing of them precisely right. We still hold a few 14 July 180 puts with a cost basis of around 0.50.  They are a distant longshot at this point, but you should nonetheless be offering half of them for 1.00, g-t-c.