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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