Option Block 758: Out of the Danger Zone
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Trading Block: A look back at the week in options trading
Goodbye backwardation!
Earnings Highlights for the Week
- Monday - Sysco, Mylan, Marriott
- Tuesday - Eli Lilly, CVS Health, Gogo, Etsy, Match, Papa John's
- Wednesday - Groupon, Roku, Square
- Thursday - Dropbox, Walt Disney
- Equities: Growth in US corporate earnings expectations remains strong.
Odd Block: TSLA put summary, calls trading in Ctrip.com Internation Ltd (CTRP), and call love in Cornerstone OnDemand, Inc. (CSOD)
Mail Block: Option block flash poll
All of these downgrades are crushing AAPL. It's back below $1T. Heresy! Are you part of the AAPL faithful or do you have your bear claws out? Quite simply - do you think AAPL will be above $200 one year from now?
- 72% - Yes: $Above $200
- 15% - No: Below $200
- 13% - I'm sick of $AAPL
Options question of the week - We always like to take the pulse of our audience. This week we're checking in on your favorite strategies. What is your go-to #options strategy?
- Butterflies
- Covered Call/Short Put
- Verticals, call or put
- Calendars/Diagonals
Listener questions and comments:
- Question from NVD2 - Are we now out of the danger zone? Where does the danger zone officially start?
- Question from Helio - Uncle Mike back in full bull mode? What's his biggest holding?
- Question from Ilya - Why is iron condor the iron fly for cowards? Don't get it.
- Question from Mark Brant - Sold SNAP 45d ATM Puts when it had the highest ATM IV of any stock! ATM IB is the one to watch for premium selling IMO.
Around the Block/This Week in the Markets:
- Nov 9: PPI, Consumer Sentiment