Apple Inc (NASDAQ:AAPL) is dropping hard after its event to announce the new series of hardware, in particular the new iPhone 8, 8 Plus and X as well as the Apple Watch 3. Normally when Apple stock dives on lukewarm product reviews we stand firmly in our position that the stock market reaction is over blown. Apple announced a more complicated lineup of iPhones this time around.
Non-Commercial Speculators’ net-short position in VIX futures just spiked to its largest ever. The proliferation in exchange traded products (ETP’s) has certainly marked a new era of investment accessibility by the masses. Interest in volatility-related instruments, e.g., the “VIX”, has seen a parabolic increase in recent years.
Activision Blizzard Inc (NASDAQ:ATVI) is one of the many newly found tech darlings but instead of looking at a trade that bets on optimism (bullishness) ahead of earnings, we have created a new scan for TradeMachine™ members that does not rely on stock direction at all. Activision usually releases earnings in early November, so two-weeks before then would put us in mid October – let’s say about 3-weeks from now. We have looked at pre-earnings straddles before, but it was a very short-term window that we investigated – namely six calendar days.