How Benchmark's Kevin Kelly Is Trading Apple

Kevin Kelly from Benchmark Investments discusses recent market trends, highlighting volatility and put buying in sectors like technology and financials. He explains the concept of portfolio insurance and the skew index, noting changes in investor behavior. Kelly also shares his trade strategy on Apple, emphasizing the 'Tim Cook put' as a way to engage with the market.

What is the main reason for the recent increase in put buying according to the discussion?

• Investors are optimistic about market growth.

• There is a high correlation of market sell-offs.

• Interest rates are decreasing.

• The technology sector is outperforming.

Which sectors are highlighted as needing to move the markets higher?

• Real Estate and Industrials

• Technology and Financials

• Consumer Goods and Utilities

• Healthcare and Energy

What does the skew index represent in the context of the discussion?

• A measure of market optimism

• A type of stock index

• Portfolio insurance through deep out-of-the-money puts

• A new investment strategy

What is the 'Tim Cook put' strategy related to?

• Selling puts on Apple for a yield

• Buying Apple stocks directly

• Shorting Apple stocks

• Investing in technology ETFs

What is the expected yield from the 'Tim Cook put' strategy?

• 5%

• 2%

• 10%

• 1%