July 2, 2024
Property and Financial Crimes

Option Block 771: Kicking Off The New Year With Volatility



TRADING BLOCK

VIX: 207k, SPY: 1.7M, SPX: 694k, QQQ: 476k

MVP of the Year:

We’ve got quite the horse race now to see who will be crowned the most valuable company by the end of the year.

Amazon was briefly number one today, but closed in the second spot. Now we have:

$MSFT at 860.43 billion market cap. – 779.2B on 12/31

$AAPL at 877.04 billion market cap. –  Now 748.5B on 12/31

$AMZN at 866.63 billion market cap. – 734B on 12/31

 

 

ODD BLOCK

Put love in Avis Budget Group Inc. (CAR)

Call love in Bristol-Myers Squibb Co (BMY)

Opening call sale in Analog Devices, Inc. (ADI) – from 11/26

 

 

STRATEGY BLOCK

Uncle Mike Tosaw discusses selling call spreads.

 

 

MAIL BLOCK

#QOTW: Those $AAPL Jan 150 puts that everyone sold in our last poll for $2 are now ITM. So our question is – what do you do now? Do you keep the stock around $148? Sell covered calls to “wheel out?” Roll or close the position? Let us know here

– Happily buy $AAPL at $148

– Wheel out w/ Covered Call

– Roll Put down

– Close position

Question from NN56 – Have you used Robinhood for options? What’s your impression? The impressions of your listeners?

 

 

AROUND THE BLOCK

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