AAPL created an initial uptrend around 7 months ago. Two accelerated uptrends spawned from the initial uptrend, resulting in quite the bull run in AAPL. As of today, both accelerated uptrend support lines have broke and AAPL is testing the initial uptrend support as we speak. If this breaks, we see AAPL testing 550 pretty quickly. Therefore, a break of initial uptrend in likely to prompt us to place a short term bearish options strategy on the stock. Until that trend clearly breaks, we have no interest in a bearish position.