Option Block Episode 47: What About The One-Five?
Trading Block: Mild day on the street; INTC gets downgraded and negativity goes viral; crude creeping up; Tim is eyeing the grains; Mark Longo & Mark Sebastian discuss the problems with the CBOE’s skew index and propose an alternative – provided Sebastian remembers the one-five.
Odd Block: Tesla – up 20% on a big upgrade, plus they’re suing Top Gear; trades over 40k on ADV of 3500. Neighbors Industries – hit a new 52-week high on an upgrade. Bulls dive in to May 28 puts. Illinois Tool Works – Speculative upside on the news that they “Meet the criteria for a Warren Buffet acquisition.””
Xpress Block: OX most actives: SPY, APPL, SPX, SLV, RUT, QQQQ, AMZN, IWM, NFLX, and VIX. Commodities: grains on the move because inventories are lower than expected.
Around the Block: Mega data: non-farm payrolls, watching crude; wheat fields not yielding; what does it take to derail the bulls? Flat skew…premium sellers have their moment.
Coming up at:
Option Pit: Celebrating a one year anniversary is good news for listeners. The 10th listener to email mark at mark@optionpit.com with the subject line “”Greasy Meatball”” will win a free one-year subscription to TheStreet.com’s Options Profits Team.
Know Your Options. Stop by the KYO office on Friday, 4/1 at 111 W. Jackson, 11th floor and Uncle Mike will take you out for a Subway meatball sub, also in celebration of Option Pit’s one year anniversary. If you’re not in Chicago, you can see Mike in LA at optionsXpress upcoming event on 4/9.
But wait, there’s more…you can attend a KYO webinar on Sunday on investing in IRAs, and on Monday on strike price selection.
optionsXpress: Two upcoming webinars: 4/5 at 1:00 EST, Monthly futures outlook, and on 4/6: Intro to options part 5.
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