avatar

Option Block 507: Waiting for a Bonehead Political Soundbite

The Option Block
The Option Block
Episode • Mar 15, 2016 • 45m

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.

Switch to the Fountain App