Maxwell Meyers is the Executive Producer for CNBC's Options Action, Futures Now and Talking Numbers. Since joining CNBC in 2005, Meyers has served as the Senior Producer of The Strategy Session, Money in Motion Currency Trading and a Producer for both Fast Money and Mad Money with Jim Cramer. Prior to joining CNBC, Meyers worked at CNNfn, where he was a part of the launch of Open House. He has written for Kiplinger's Personal Finance, The Bond Buyer and CNBC.com.
I can't think of a worst industry than the airlines. The group flies on paper thin margins, subject to the ebbs and flows of the price of oil and huge capital expenditures. Even in good times, these guys have trouble making money, leaving the sector more or less uninvestable.
Growing up, I was a huge fan of The Peanuts, especially when Lucy would hold a football out for Charlie Brown, only to pull it away and cause Charlie to fall. A similar dynamic is taking place with Apple shareholders and the closely-followed Developers Conference.
As a society, we are obsessed with seemingly random numeric milestones: Dow 10,000. Obama's first 100 days. The 20th episode of 'Options Action.' (The last one might be a stretch, but for those keeping score, that would be May 29th). But one number that has grabbed everyone's attention is 30, or more specifically, the level the VIX broke through yesterday.
The last of the big tech earning will arrive on Tuesday, when Hewlett-Packard reports results. Currently the options market is pricing in a 6.5% move on the big day, which would be slightly more than the 6% move that the stock recorded over the last four quarters.