Since it’s super Tuesday, there will undoubtedly be a bonehead political soundbite uttered today.
Download Option Block 507: Waiting for a Bonehead Political Soundbite
Trading Block: ICE would keep London Stock Exchange if it bought LSE Group. Fed to sit tight on rates at March meet, hint at hikes to come. Earnings today before the bell:
3D Systems Corp.
Odd Block: Put buying in Banco Bradesco SA (BBD), 1-by-2 put spread in CarMax Inc. (KMX), and calls trade in Delta Air Lines Inc (DAL).
Strategy Block: Uncle Mike Tosaw discusses short put spreads.
Listener Mail: Listener questions and comments
- Question from Bob – I have heard pros say that when too many retail jump into a trade, then do the opposite – Does that apply to options as well?
- Question from 777 – What are the industry sectors least positively correlated to the major indexes? Are there any quirks to trading those using options?
Around the Block: Earnings!
- High expectations for Adobe earnings, not so much for Oracle.
- Tuesday – Oracle Corporation, Constellium, DSW, Gerdau, HD Supply
- Wednesday – FedEx Corporation, Williams-Sonoma
- Thursday – Adobe Systems Inc., Aeropostale
- Friday – Tiffany & Co.