How Option Pit's Founder Is Playing Apple

The video discusses a strong three-day market rally, surprising given the recent trade war news. The focus shifts to Apple's stock, which hasn't rebounded like others. The speaker suggests a strategy involving a strangle on Apple, betting on its volatility. The trade leans slightly long, viewing Apple as undervalued at current levels.

What was surprising about the market movement on Monday?

• The market remained stable.

• There was a big sell-off.

• A significant rally was expected.

• The market hit an all-time high.

How has Apple's stock performed in the recent market rally?

• It has declined significantly.

• It has outperformed other equities.

• It has not participated in the rally.

• It has remained stable.

What is the VIX of Apple, and how is it described?

• Around 50, considered average.

• Around 27, considered sky high.

• Around 15, considered low.

• Around 35, considered moderate.

What trading strategy is being used for Apple?

• Short selling the stock.

• A strangle option strategy.

• Buying only puts.

• Buying only calls.

What is the trader's bias regarding Apple's stock?

• The stock is overvalued and will fall.

• The stock is undervalued and will rise.

• The stock will remain stable.

• The stock will decline.