AAPL looks pretty toppy here but the Calendar Spread doesn't yield much gain. Actually on the loser side IMO Sell the Feb 180 put <img src=http://www.fotothing.com/photos/us/7267.gif> Buy the April 180 put <img src=http://www.fotothing.com/photos/us/7268.gif> <img src=http://stockcharts.com/c-sc/sc?s=AAPL&p=D&yr=0&mn=6&dy=0&i=p55889411466&r=2390> closed on 12/28 @199.83 <img src=http://www.fotothing.com/photos/us/7262.gif>