Option Block 507: Waiting for a Bonehead Political Soundbite

Trading Block: ICE would keep London Stock Exchange if it bought LSE Group. Fed to sit tight on rates at March meet, hint at hikes to come. Earnings today before the bell: 3D Systems Corp. Odd Block: Put buying in Banco Bradesco SA (BBD), 1-by-2 put spread in CarMax Inc. (KMX), and calls trade in Delta Air Lines Inc (DAL). Strategy Block: Uncle Mike Tosaw discusses short put spreads. Listener Mail: Listener questions and comments Question from Bob - I have heard pros say that when too many retail jump into a trade, then do the opposite - Does that apply to options as well? Question from 777 - What are the industry sectors least positively correlated to the major indexes? Are there any quirks to trading those using options? Around the Block: Earnings! High expectations for Adobe earnings, not so much for Oracle. Tuesday - Oracle Corporation, Constellium, DSW, Gerdau, HD Supply Wednesday - FedEx Corporation, Williams-Sonoma Thursday - Adobe Systems Inc., Aeropostale Friday - Tiffany & Co.