THE SHORT-TERM CONSENSUS HOTLINE (SAMPLE)
Index Options Report – prepared Wednesday, April 25, 1:12 p.m. eastern
PLEASE NOTE: The time that these reports go out is at the bottom of the report as “released.” The “prepared” time at the top of the report is when we begin production.
Dow 13077 (+76)
SPX 1389 (+17)
June E-Mini S&P 1385.00 (+15.00)
Nasdaq 100 NDX 2706 (+67)
Nasdaq Composite 3025 (+63)
Russell 2000 811.43 (+13.38)
XAU Gold and Silver Index 163.56 (+2.49)
Feb Gold $1642.90 (-$.90)
VIX 16.99 (-1.11)
AAPL 610.468 (+50.19)
A pretty good pop, especially in the tech sector, appears to be stalling. Why not, now that everyone who could possible get back on board AAPL is now back on board?
OEX CALLS
Still standing aside for now.
OEX PUTS
Standing aside.
SPY CALLS
Standing aside after taking profits in our April spread.
SPY PUTS
Still in good shape here.
We remain short (3) May 128 puts from .82 now trading at .23, hedged by a single May 136 put, purchased at 1.77 now trading at 1.12. No changes.
QQQ CALLS
No positions and no recommendations here.
QQQQ PUTS
Standing aside.
DIA CALLS
Nothing for now.
Standing aside for now, but if the market sells off to the April 11 gap in the Dow at the 12,716 level, we may have a recommendation to establish some bullish bets.
RUSSELL 2000 OPTIONS
Hedged here and profitable.
Now short (4) May 72 puts in the IWM from .60, trading at .14. Hedged by a single May 79 put purchased at 1.75, now trading at 1.10. We will hold for now. As noted, “If you make this trade, make sure you are protected on the downside.”
EQUITY OPTIONS
AAPL 610.468 (+50.19) surging on the news. Yesterday, just hours before one of the stock’s sharpest single day gains in history, AAPL traded down to multi-week lows at the 555 level before bouncing back above 560. We are in great shape now. Last week, on Tuesday morning, we wrote (3) May 480 puts at 3.90. These puts are now trading at .41. So we are now profitable here by over $1000.
We will hold the short puts for now and also will continue to hold short the (2) June 800 calls from 2.60. These calls are now trading at .74, not doing much, as most AAPL enthusiasts now give up on 800 anytime soon. We are profitable here by almost $400. No changes. As noted, “If you make this trade, make sure you own some calls at a higher strike to reduce your risk and margin requirement.”
H. Schiller
Released Wednesday, 2:33 p.m. eastern
PLEASE REMEMBER PAST PERFORMANCE IS NOT A GUARANTEE OF FUTURE RESULTS. FUTURES AND OPTIONS TRADING IS EXTREMELY SPECULATIVE AND ONLY RISK CAPITAL SHOULD BE EMPLOYED. SOME OR ALL OF INVESTED FUNDS CAN BE LOST IN FUTURES OR OPTIONS TRADING. NO GUARANTEES OF PROFITABILITY ARE MADE BY HARRY SCHILLER OR BY THE SHORT-TERM CONSENSUS HOTLINE.