Option Block 143: Apple Apocalypse
Trading Block: S&P rally vs. NASDAQ (Apple) apocalypse. AAPL sold out aggressively, down about 4%. Tosaw suggested last week the many buyers were lurking around $600. Priceline, Google and Apple were all down on the day. Andrew has a theory on why. Ten-year note rebound.
Odd Block: An Apple overview, and unusual activity in Arvin Meritor INC. (MTOR).
Xpress Block: John Grigus sits down in the OX hot seat and discusses earnings, Citi and OX's parent company, Charles Schwab. Other activity in Starbucks, Amazon and Chipotle.
Mail Block: Capitol requirement for trading AAPL?
Email questions from: Jack Tronty, Worcester, MA ìApproximately how much capitol do you recommend in your trading account to trade Apple options effectively? You can obviously trade one-lots with a small account, but that isn't really worth anyone's time. If I want to trade 10-up (straddles, verticals, iron condors/flies, etc.) and perhaps delta hedge my positions, how much of a commitment am I really looking at?
Around the Block: Keeping an eye on Spain. Huge earnings week ahead: APPL, CMG, BAC, INTC, AMD, NOK all this week.
About Mark S. Longo
Mark S. Longo is the founder of The Options Insider Inc. - a firm dedicated to providing free options information, education, news and analysis for options users. Whether it's on TheOptionsInsider.com, a leading online options destination; through Options Insider Radio, the world's only radio network for options users; or through a growing number of newsletters and live events, Mr. Longo continues to provide new ways to spread the word about options.Mr. Longo's analysis of the options market has appeared in a wide variety of domestic and international publications, including The Wall Street Journal, Financial Times, Reuters, Futures Magazine, and more. As one of the few industry commentators with practical options experience, he has developed a substantial following among industry veterans and newcomers looking for insight into this complex market.Mr. Longo began his career as an options trader on the floor of the Chicago Board Options Exchange.
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