Not suggesting anyone do this, just be thoughts: XLK has 20% AAPL shares in its holding. Everyone is expecting apple to beat earnings, but the historical forward 12 month PE and trailing PE are so out of whack. Unless they blow out the future expectations, I see no way a correction doesn't happen and it goes <$94 tomorrow alone. So I put a bet down on some $94 Feb 7 puts. Fingers crossed