Initial readings from Black Friday and Cyber Monday look very strong for Apple. And that has some traders feeling bullish.» Read More
If you were a stock holder, would you rather have a buyback, or a dividend? If you own Exxon Mobil, you probably want the latter.
Now for the update on Dan Nathan's trade. Just to recap, he suggested buying the November 190/200 call spread, paying $7.80 for the Nov 190-strike call and collecting $4.20 for selling the Nov 200-strike call, net-net paying a total of $3.60 to win a possible $6.40.
If we sound like a broken record, I apologize in advance, but there is a reason we implore our viewers to spend less when using options, and the reason is quite simple: if you spend less, you lose less, and last week's trades offered a great example of that.
I know marketcap is a relatively meaningless stat, but Apple's is truly an astounding figure. With today's surge, the company is worth roughly $178 billion. That's more than Google ($175 billion) and General Electric ($165 billion), the parent company of this fine network.
Last week's show did not contain a lot of new trades, but in addition to spending less to try and make more, we also emphasize quality over quantity, so with that, let's take a look back at last week's strategies.
Quick recap on another episode of what is fast becoming a Friday night sensation. We kicked off the show with a good ol' fashion overwrite on National Oilwell Varco.
You got to hand it to Uncle Sam - if anything, he sure knows how to rig stocks.
Buying protection is great and good, but truth be told, spending money for protection that ultimately proves worthless is akin to lighting money on fire.
According to Gary Kaminsky, the market has not been this much above its 200-day moving average since May of 1983. "It's just another indication that the fear to "not own" stocks is sometimes as great as the fear to own names for many portfolio managers, especially this time of year," said Kaminsky. "The market is way overbought short-term."
I am grateful to AIG because on an otherwise excruciatingly slow day, it is the subject of much speculation.
A day late, and perhaps a dollar shy (after all, options do decay with time), but I do want to update the faithful with a recap of last Friday's show.
Options traders cannot leave the casino - at least if call activity on Las Vegas Sands is any indication.
No Monday would be complete without a thorough recap of our traders' picks. Our time slot has changed, but our ability to make smart trades and employ the right options strategies has not, and Friday's show offered several prime examples of that.
Hello Options Action faithful. We promised a recap of the trades - so here it is.
As we have head into Cisco's earnings print tonight, the implied move int he options market has ticked up a bit from ~2.5% last last week to almost 5% which is a bit rich to the avgerage over the last 8qtrs of about 4%.
Nothing feels worse than having to leave a party, race home as fast as you can, only to miss snippets of that cable sensation "Options Action" (known within the industry as "The O/A").
Whenever I think of about the Yahoo-Microsoft deal, I'm reminded of the closing lines of "Jerry McGuire," when Tom Cruise tells his wife that she completes him. But in truth, the better line to describe the deal came earlier in the film, when Cuba Gooding Jr. screamed "Show me the money."
Apparently, Nancy Reagan isn't the only one saying no to drugs. Options Traders appear to be living in an 80s PSA as well, shunning shares of Pfizer through some heavy put buying.
While the surge in tech and financials grab the headlines, a rather profound rally has occurred in media land. Look no further than stocks like Disney, CBS and Discovery Communications, which have posted respective gains of 31%, 28% and 35% over the last three months.
Not since Michael Phelps captured his record eighth Olympic gold medal has a nation been so captivated by a single broadcast event. What am I referring to? Friday's fine edition of "Options Action", of course.
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Mike Khouw, Options Action trader, shares his view on News Corp stock on the heels of testimony from Rupert Murdoch before British Parliament.
Do you have a question for the Options Action team? Options Action selects a viewer's question and gives the answer on the show's Make The Call Web Extra video.