This show has it all: Apple puts, umbrage, stealing lunch money, Greeks, and more umbrage.
Download Option Block 460: Imploding Apple Puts
Trading Block: Selloff or rally? The market needs to make up its mind. Whither the VIX: there was a brief flirtation with 50 handle now back into the more ?sensible? 20 handle. So, it takes a massive selloff in the marketplace to get VIX over 50. AAPL had a 20 handle range this week. We missed the deal of the century on the AAPL Sep 75 puts.
Odd Block: Calls trade in BTU, calls trade in P, and puts trade in LL
Mail Block: Listener questions and comments.
Question from Leon187: Is it true that Apple sells puts to buy back their own stock? Do you feel that large volume of Sep 75 puts was a part of that program?
Question from tennisgr8t: Can you give examples of managing positions using Greeks and is it a good strategy? Your show is awesome.
Around the Block: Earnings on Friday include Deere and Company, Foot Locker, Inc.