Option Block 460: Imploding Apple Puts
Aug 28, 2015•1 hr 3 min
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Episode description
Trading Block: Selloff or rally? The market needs to make up its mind. Whither the VIX: there was a brief flirtation with 50 handle now back into the more “sensible” 20 handle. So, it takes a massive selloff in the marketplace to get VIX over 50. AAPL had a 20 handle range this week. We missed the deal of the century on the AAPL Sep 75 puts.
Odd Block: Calls trade in BTU, calls trade in P, and puts trade in LL
Mail Block: Listener questions and comments.
- Question from Leon187: Is it true that Apple sells puts to buy back their own stock? Do you feel that large volume of Sep 75 puts was a part of that program?
- Question from tennisgr8t: Can you give examples of managing positions using Greeks and is it a good strategy? Your show is awesome.
Around the Block: Earnings on Friday include Deere and Company, Foot Locker, Inc.
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