Why Tribeca Trade Group's Fromhertz Is Bullish on Salesforce

Christian from Tribeca Trading discusses recent market volatility, focusing on options and the VIX as indicators. He highlights a high put-call ratio and its implications, suggesting it may be a contrarian indicator. The discussion also covers S&P support levels and the importance of VIX and skew analysis. Christian shares insights on Salesforce, noting aggressive call buying and his trade strategy involving July 160 calls.

What does a high put-to-call ratio generally indicate in the market?

• Increased buying interest

• Decreased volatility

• Panic among investors

• Market stability

What is the VIX commonly used to measure?

• Interest rates

• Market volatility

• Stock prices

• Economic growth

What is a contrarian indicator in the context of market analysis?

• An indicator that predicts economic growth

• An indicator that suggests the opposite of the current trend

• An indicator that measures inflation

• An indicator that confirms market trends

Which stock does Christian highlight as a high-quality investment during market pullbacks?

• Google

• Salesforce

• Amazon

• Apple

What specific trade does Christian recommend for Salesforce?

• October 180 puts

• July 160 calls

• August 150 puts

• September 170 calls