Feb 26, 2016
Trading Block: Gold goes for a ride. SeaWorld earnings today
after the bell and taking it on the chin. Off approx. 9%.
Odd Block: Calls and puts go up in Restoration Hardware Inc.
(RH), call spreads go up in Marathon Petroleum Corp. (MPC), and
puts go up in Cypress Semiconductors (CY).
Mail Block: Listener questions and comments
- Question from Matt M1000 - Hello Mr. Longo and All Star Cast. I
have been enjoying The Option Block and Volatility Views shows for
years. You guys are the best! Keep up the great work! I would like
you folks to discuss the "put-call ratio"...its use and merits as a
tool. I have always discounted this metrics value, since both put
and call options could be either bearish or bullish depending on
how they are being used (i.e. purchased or sold). So what logic I
have leads me to believe a put-call ratio would be pointless. Set
me straight on this please. -Beanbag.
- Question from SkyTrader - If I see a trend, what spread works
best for capturing that spread - straight vertical or
Around the Block: Earnings!
- Friday - JC Penney Company, Hilton Worldwide
This Week in the Market
- Feb 26: GDP, Consumer Sentiment