Apr 17, 2012
Option Block 143:
Apple Apocalypse
Trading Block: S&P rally vs. NASDAQ (Apple)
apocalypse. AAPL sold out aggressively, down about 4%. Tosaw
suggested last week the many buyers were lurking around $600.
Priceline, Google and Apple were all down on the day. Andrew has a
theory on why. Ten-year note rebound.
Odd Block: An Apple overview, and unusual activity
in Arvin Meritor INC. (MTOR).
Xpress Block: John Grigus sits down in the OX hot
seat and discusses earnings, Citi and OX's parent company, Charles
Schwab. Other activity in Starbucks, Amazon and
Chipotle.
Mail Block: Capitol requirement for trading
AAPL?
Email questions from: Jack Tronty, Worcester, MA
“Approximately how much capitol do you recommend in your trading
account to trade Apple options effectively? You can obviously trade
one-lots with a small account, but that isn't really worth anyone's
time. If I want to trade 10-up (straddles, verticals, iron
condors/flies, etc.) and perhaps delta hedge my positions, how much
of a commitment am I really looking at?
Around the Block: Keeping an eye on Spain. Huge
earnings week ahead: APPL, CMG, BAC, INTC, AMD, NOK all this
week.