I would rather own 1 put at 560 for 0.45, then 10 at 522.50 for 0.045. There are not many times that the 522.50 is going to beat the 560. also - less commission
All true, but at the time the 560 was trading for $380, or almost 900% higher than its current $45. And this little experiment is to try to get in on one of those few times that the 522.50 will beat the 560.
Assuming that AAPL is not going to collapse to the tune of 10-12% in the next 10 minutes these calls will expire much as they are now - worthless. There has been enough activity on these weekly options to warrant my continuing study.