Along the same vein as the previous, I jumped into 2 10/05/12 670 AAPL puts this morning @13.20 and got out an hour later without harm. But what scared me was that I was looking for the right price with enough volume for a fairly narrow spread. But I had not considered how short in time they were for. Only 3 days. So it was a weekly, not even a monthly. Normally I try for one with at least a month remaining, so as to be able to recover if the underslying stock initially goes the wrong way.
The other theme I had is that usually your first "trade" after a gap is a good one. But then the inevitable issue comes up "what next." It's the "what next" that kills you. Your second or third idea.