Option Block 767: A Market for Crazy People
Episode description
Trading Block: A mixed day today after a crazy week.
Most active today:
- SPY - 1.62M (ADV 3.44M)
- VIX - 332k (603k ADV)
Earnings Highlights:
- Monday - Stitch Fix
- Tuesday - Dave & Busters, American Eagle Outfitters
- Wednesday - Vera Bradley, Peak Resorts
- Thursday - Costco, Adobe
And, Apple falls after Chinese court bans sale of most iPhones
Odd Block: Tesla put summary, put breakdown in General Electric Company (GE), call sale in Tenet Healthcare Corp (THC), and call love in Liveramp Holdings Inc (RAMP)
Mail Block: Options question of the week
Everyone loves trading $AAPL #Options. So the #OpenInterest is always very high. But a few interesting #Options dominate the rest. What do you think is the largest open position in $AAPL right now? No cheating - try to use your #SpideySense.
- Jan 2020 200 Call
- Jan 250 Call
- Dec 180 Put
- Jan 100 Put
Listener questions and comments: Comment from Austyn41: Good shows today. The experienced and animated host makes it very entertaining and interesting to listen to.
- Question from Bjorn L. - You still liking apple 150 puts here?
- Comment from Mark Brant - Bought AAPL 8d/15d Calendar Straddle for $1.40! On a nice streak with this strategy. Multi bagger profit potential if you get lucky. I have come to favor +EV plays that have big upside but uncertainty per trade.
- Question from Max Lee - What do you think about stock replacement in SPY here? How far out would you go?
Around the Block/This Week in the Markets:
- Dec 14 - Retail Sales, Industrial Production