As a proxy for the market AAPL is a tarnished darling and a sentimental favorite. I don't like shorting icons or taking a short position when the markets are making new highs, but a study is a study and sometimes the most 'unthinkable' play is the most profitable. Not betting the house on a pull-back but took a small position with options at a strike on 110 expiring on Nov 26. I don't think the long-term bulls are in any danger at this time, but what the heck, I don't see much out there lining up as good as this one
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If AAPL takes out 118, then this setup is void