You can conservatively play an irrational suppression of Apple's stock price by selling out-of-the-money covered calls against your position. Highly liquid market, immediate income in your pocket. Your worst cases are 1) The stock goes down (you were apparently holding anyway, but now you have more cash); or 2) The stock is called away during a run-up (so you pre-sold some fraction of your potential profits to the option buyer).

Edit: Clarity