Option Block 557: Get Your Bowels in an Uproar
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Trading Block: AAPL! It is no longer the Feds market, it is now Apple's market. Last week Apple essentially carried the S&P 500, Dow, and NASDAQ, having one of its best weeks ever climbing 12% in only 5 days, or more than $75B in market cap! NASDAQ: The NASDAQ is now less than 1% away from hitting fresh all-time highs - The current all-time high is 5,287.61.
Odd Block: Calls trade in Infoblox Inc (BLOX), calls trade in Etsy Inc. (ETSY) and calls and puts trade in Plains GP Holdings LP (PAGP)
Mail Block: Listener questions and comments
- OptionMonster question of the week: What is the difference between buying a debit call spread versus selling a credit put spread?
- Question from Richard Russell: To clarify my question, at 14:00 of episode 553 you state that a $6 straddle was pricing an 8% move following earnings. is this just the current ATM straddle?
- Question from Fred: I have listened to some of your broadcast and they were over my head. Which one should I focus on to listen to as a beginner?
Around the Block/This Week in the Market:
Sep 20: Housing Starts
- Sep 21: EIA Petroleum Status, FOMC Announcement
- Sep 22: Jobless Claims, Existing Home Sales
Earnings for the Week:
- Tuesday: Adobe Systems Corporation, FedEx, KB Home, Lennar Corporation
- Wednesday: Bed Bath & Beyond, CarMax, General Mills, Herman Miller
- Thursday: Rite Aid