Option Block 507: Waiting for a Bonehead Political Soundbite

Published: March 15, 2016, 5:32 p.m.

Trading Block: ICE would keep London Stock Exchange if it bought LSE Group. Fed to sit tight on rates at March meet, hint at hikes to come. Earnings today before the bell:
3D Systems Corp.

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Odd Block: Put buying in Banco Bradesco SA (BBD), 1-by-2 put spread in CarMax Inc. (KMX), and calls trade in Delta Air Lines Inc (DAL).

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Strategy Block: Uncle Mike Tosaw discusses short put spreads.

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Listener Mail: Listener questions and comments

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  • Question from Bob - I have heard pros say that when too many retail jump into a trade, then do the opposite - Does that apply to options as well?
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  • Question from 777 - What are the industry sectors least positively correlated to the major indexes? Are there any quirks to trading those using options?
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Around the Block: Earnings!

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  • High expectations for Adobe earnings, not so much for Oracle.
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  • Tuesday - Oracle Corporation, Constellium, DSW, Gerdau, HD Supply
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  • Wednesday - FedEx Corporation, Williams-Sonoma
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  • Thursday - Adobe Systems Inc., Aeropostale
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  • Friday - Tiffany & Co.
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