This past few days AAPL has been trading on dividend news. Shorts attempted to bring AAPL down for double bottom test Monday but on low volume and today it reversed as many shorts had to cover (higher volume). AAPL will be trading x-dividend tomorrow so today, at the close, those registered shareholders will be those receiving the dividend payment later this month. Option holders get no dividend unless they buy exercise shares.
Because the could not hold it below 400. Now they will reverse it and head it back north to screw all the fools they told it was going to 350. Its a game to wipe out as many option holders as possible....mainly retail. Why do they do it??? The same reason dogs lick their #$%$........because they can.