Option Block 427: Rocking AAPL Earnings
Trading Block: AAPL earnings after the bell.
AAPL Stats:
· ATM weekly straddle: $7.20 - approx 5.4%.
· ADV: 988K contracts.
· Today: 1.7M contracts.
· Call/put ratio: 2.1/1.
· Net deltas: short 670k.
· Calls sold on bid roughly equal to calls bought on ask - puts also evenly divided.
· AAPL volatility bets surge in options market as buyback beckons.
Investors seek protection against healthcare stock decline - Healthcare companies on a seven-year tear have been top performers so far in 2015. Love ’em or Hate ’em, China Stocks Are Red Hot in Options Market - Bearish options bets on the Deutsche X-trackers Harvest CSI 300 China A-Shares ETF.
Odd Block: Calls go up in iShares MSCI Taiwan Index (EWT), call blocks trading in Joy Global Inc. (JOY), and OTM puts trade in Direct TV (DTV)
Strategy Block: Tosaw discusses hedging AAPL and other earnings strategies.
Mail Block: Listener questions and comments
- Question from Cab 65 - What account size do you recommend to sell wide iron condors?
Rock Block: In which the all-stars discuss movies in the Michael Bay oeuvre. Let us know your thoughts on Facebook, Twitter, or by email
Which Nicholas Cage movie is the best?
- The Rock
- Con Air
- Face Off
Who does the best “Welcome to the rock” interpretation?
- Uncle Mike
- The greasy meatball
- Mark “the voice of options” Longo
Around the Block: Earnings: AAPL & other earnings expected to dominate the week of April 27.