With today being a huge annoncement day for Apple and its new Iphone 4S there was a lot of crazy trading. Enjoy this chart.
It peaked at noon today, before the $AAPL announcement trading for $12 a contract. By 3pm it was worth $2. And in the last hour of trading it rallies from $2 to $6. There were 2 huge trades in this option today. Short it from noon to 3pm going from $12 down to $2. Then long it at 3pm and go from $2 to $6. Get on the right side of either one of those trades and you had a good day.