Yes, Wells Fargo figured that he missed the train north while he was on holiday and he felt like downgrading it this morning citing valuation and keeps a $538-$581 price target range for the stock. Wells believes expectations for gross margin expansion are priced into shares at current levels and is concerned Apple's margins will see pressure later this year following the launch of iPhone 6. Shares of Apple closed trading Wednesday up $6.50 to $561.02 and are pointing down $6.55 to $554.47 in the pre-market.
Why don't you just buy puts and take advantage of the downward movement? I'm have whatever direction it goes, as long as it's not flat.
It's your money after all. Do yourself a favor and buy march $60 puts. The elevator is going down.