Aaple is heavy holding for retail investors and highly correlated to Nasdaq movement. In the 130s range, the options have a large reward for $1 move in aapl. I own the 140 puts to limit my Primium risk so close to options expiration next week.

Chart below shows that we are consolidating for a possible move lower. Next level of support is the lower box below 130. first target is 132 which is the nearest level of support, then 130.

2009-07-09_aapl