AAPL tomorrow?

Looks like S&P bounced back up somewhere between the 10-day and 20-day today. If it can keep that up tomorrow (in other words, tomorrow isn't a retracement to the 20-day), then I'm thinking a bull put in AAPL selling the $440 might be safe.

Rationale...

• $440 has the protection of the 10-day, and tomorrow, should be right at/under the 20-day.
• Friday and today (Monday) were strong up days on higher than average volume, which means it's professionals doing it - which means it's reliable.
• AAPL might pull back a little bit tomorrow - because it was such a big up move today - but as long as it bounces up off the 20-day - or stays above the 20-day - then selling the $440 should be safe.
• If AAPL continues up to the 50-day and then retraces, it should take a few days, which should be enough time for time value to evaporate so you could reverse it Thursday

Other thoughts...

MGM looks like it may be creating a cup and handle. If it bounces up off the 10-day or 20-day, might be worth pyramiding in.

GTE looks to be rolling between $5.75 and $6.20. If it bounces up off support and the 50-day (both are crossing now - double support), it should be good up to $6.20. Note that it could also be up-trending, which would put resistance closer to $6.50.