$AAPL $320 puts for Aug 21 are $3. 
$3 on an obligation of $320 is an immediate yield of 0.94%. You could do that about 12x per year for a total yield of around 11.25%.
Getting paid 11% to agree to buy $AAPL down almost 20% is not a terrible trade. Esp. if $327 holds support. https://t.co/2mL2GVIl1j