Apple falls on "Falsifying Data" Claim

As long as the CEO isn't indicted or something this may be a good buying opportunity for APPL shares.

Apple shares fell $3.37, or 4.2 percent, to $78.14, in morning trade on Nasdaq. It was the biggest one-day drop
since July. Earlier they traded as low as $76.77.

"Any time you get the stock options probe mentioned, especially
with rumors of falsifying documents, the hot money tends to shoot first and ask
questions later," said Tim Biggam, options strategist at Man
Securities, an options brokerage firm in Chicago.

I hope there is more bad news that comes out of this options probe so it will drive the shares down even lower. One of my biggest winners came from buying Citigroup after they were plagued by a scandal. As long as the company doesn't go bankrupt due to fighting the SEC then scandal time is the best time to buy a stock. However, if IPod sales are light this holiday this stock will really get pounded. Either way it may be a good Straddle Opportunity.