Option Pit Founder Sees Choppy Markets Ahead, Has Options Play for GrubHub

The video discusses recent market trends, highlighting a 7% decline from all-time highs and the potential for sideways movement until the Fed and G20 meetings. It also covers the simultaneous decline of the market and VIX, suggesting a short squeeze. The video then shifts focus to Grubhub, analyzing its position after Amazon exits the food delivery business, and suggests a call spread strategy ahead of Grubhub's earnings.

What recent market trend is highlighted in the first section?

• A drop in commodity prices

• A surge in technology stocks

• A decline from all-time highs

• A significant increase in market volatility

What is the expected market movement discussed in the second section?

• A rapid increase in volatility

• A sharp decline

• A steady rise to new highs

• Sideways movement with potential bounce

Which key events are mentioned as potential market influencers?

• The annual shareholder meetings

• The upcoming earnings season

• The Fed meeting and G20 summit

• The release of new economic data

What impact does Amazon's exit from the food delivery business have?

• It results in lower delivery costs

• It leads to a decrease in market share

• It is seen as bullish for remaining players

• It creates more competition

What trading strategy is suggested for Grubhub?

• Buying a call spread

• Short selling the stock

• Investing in long-term bonds

• Buying put options