Any excuse to use a meme about Kung Fu
Download Option Block 578: A Kung Fu Grip on the Options Market
Trading Block: CBOE sets record volume with S&P 500 Index and CBOE Volatility Index in November. Apple still up on the year. What might next year look like? Lululemon on Wednesday closed $57.16. The ATM straddle is trading at $5.35, or approx. 9%.
Odd Block: Puts trade in Barrick Gold Corp (ABX), Calls trade in Market Vectors Russia ETF (RSX), Calls trade in Pandora Media Inc (P)
Mail Block/Options#QuestionOfTheWeek:
#CrudeOil has been volatile lately. $OIV, aka Oil $VIX, is 37.33. Where will #Crude #Volatility close on Friday?
- Between 37 – 38.5
- Between 38.5 – 40
- Below 37
- Above 40
- Question from Trader Chad – Are ATM straddles really a good way of predicting a stock or are they just more noise like whisper numbers?
Around the Block/This Week in the Market:
- Dec 6: International Trade, Factory Orders
- Dec 7: JOLTS
- Dec 8: Jobless Claims
- Dec 9: Consumer Sentiment
Earnings Highlights:
- Tuesday – Toll Brothers, Autozone
- Wednesday – Costco, Lululemon