All right, this next segment is brought to you
by CBO defining markets through innovation, technology and trading
solutions. Let's bring in our reporter Angie Viles in
Chicago Angie. So glad to have you here with
us. What's the options market predicting about big tech
stocks? Oh, I'm so glad to be here
. Thanks so much for having me today. I
have to tell you there's a lot going on right
now in the market and it's because this is big
tech earnings week. I know that was a surprise
with me last night, but the options market and
this is why I love options was predicting that we
might see some sort of bullish movement in me and
then here we are great earnings and that stock is
up today. Now, I also want to take
a look at Amazon is next up in the big
cap tech run and the ratio going into this was
one call trading for everyone put, that tells me
that traders are not quite sure what's going to happen
with Amazon. The straddle though is predicting that Amazon
could move up or down around 6.5%. There's been
some heavy call buying in their earnings. That's a
bullish sign. But then at the last minute,
the traders changed their minds and all of a sudden
we saw these put buyers starting to pick up.
So traders are paying more for put options. That
tells me that they are a little nervous about what
this earnings report may bring. They want some protection
just in case Amazon comes out with a bad earnings
report. How bad? Well, if they're correct
, Amazon could fall maybe around$85. So that
stock though is not likely to drop below 85 on
the upside. Traders indicate Amazon could rise maybe$30
. Keep in mind, Amazon is laying off employees
in the hr and the cloud department this week,
one other big tech stock to watch Intel comes out
after the close. This could be a zinger in
the paper. We saw one call trading for everyone
put yesterday, the straddle suggests we could see a
move in Intel as much as 7% up or down
the put options expiring tomorrow very active at the 26
straight. So those traders think that Intel could fall
maybe$3 volatility is very high. That means they're
anxious about these earnings. There's concern in the market
as you know about chip demand and PC sales being
down. We've already heard from Samsung not good.
And Intel is getting competition from apple as apple is
now using its own chips. So that's sort of
a sad saga for that company, Intel and Angie
. Of course, you mentioned Apple. So we
have to ask about it. What's up with that
company currently? So Apple reports earnings next Thursday after
the bow that Australia is suggesting about a 5% move
. Traders again, are feeling cautious about these Apple
earnings. Now, are there any hot stocks with
unusual options? Volumes here? Yes, I have
to talk about Tesla yesterday. Here at CBO Tesla
shares were on fire. We saw 3.2 million options
contracts trading that is about a million more contracts than
normal. And there is a bearish tone to that
stock. And before I take off, I want
to mention a big congratulations on 50 years in the
business. That is tremendous. And I join you
from this gorgeous trading floor back to you now in
the studio and it sounds like the traders behind you
are excited as well. Thank you so much as
always and welcome to the show. That's our reporter
Angie Miles in Chicago to learn more about options trading
visit C dot com.