AAPL remains to stay contained within 1 standard deviation and we saw rejection again late yesterday at the $95 area AGAIN. So HOLD
Apple releases earnings the 25th, and there is _always_ a runup the week prior. If you are betting short(puts/uncovered calls) exit now before you get hurt.
Take it for what it's worth from someone who's played apple derivatives for years. If the pumpers don't get you, the theta will.
Trade Update: We are not getting "enough" price rejection at the $95.00 area and volatility has worked itself off sufficiently enough that appl "could" make a larger move from here. Under these current conditions it warrants moving the stop (on the spread) to break even. We are in luck mode on this trade now I am far more optimistic about CYTC .. http://www.elitetrader.com/vb/showthread.php?s=&threadid=91426
Here's whats going to happen this week. You're right, we're going to 100.... Then... 3 days before options expiration you'll see a WSJ article talking about skimpy 1q ipod sales driving down estimates and more worries about Steve Jobs being targeted by the FTC in the options scandal. Stock will end at 94.99.