Apple Inc (AAPL)

[VERYLONGSTOPPEDDRINKINGTHEKOOLAID]

But don't be surprised to see a $100+ point drop before $650. I would continue to have protective puts far OTM cheap enough to buy enough insurance to protect a long position.

If we are $650 in April, it is certainly conceivable to hit $700 by May/June.

I think there is a huge potential gain in options with such a dynamic stock, trading in either direction. The safer way to play naked calls and puts is not to get greedy, sell for quick gains, buy back with initial investment funds and keep buying puts as you buy more calls.don't leave a lot of profit from one day to the next, as the stock is very unpredictable and profits can be lost faster than gained.