How To Play Wellington Management Bust (AAPL)

Wellington Management was just asked for document requests from U.S. investigators, and Wellington owns 11 million shares of Apple Inc. (NASDAQ: AAPL).

Should Wellington receive some redemption, for the $598 billion it manages, Apple shares could take a hit, despite the company continuing to fire on all cylinders.

If nothing eventually comes of this, with Apple getting hit hard today on this news, it could be a buying opportunity for a longer time frame.

Disclosure: no position in AAPL