Apple Stock Opens Below $600

For the first time in many months, Apple's stock opened well below $600. At post time, it is trading at around $591.

This is no doubt due to a combination of a poor market after the natural disaster that is Sandy, as well as the recent shake-up in Apple's upper management.

Be that as it may, now seems like a fantastic time to buy AAPL stock. This is a great place to get in, especially if you are going to play the stock options. The stock is sure to correct itself over the coming weeks and months (despite, perhaps, falling a few dollars more today into the next day or so,) and Apple is almost certain to have a blowout first quarter next year. If you buy in here (say, with the February 2013 options,) you could seriously see close to a $100 gain in your investment in just a few months.

I'm hoping to buy a few of the February options myself (I'm thinking the $610s or even higher). If I do indeed get in, I'll keep you all posted as to how it goes.