Option Block 767: A Market for Crazy People

Published: Dec. 14, 2018, 5:55 p.m.

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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
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