Options 101: deep in the money calls

Jennifer Openshaw at MarketWatch gives a primer on buying deep in the money call options (article). I am sure there are a fair number of novices reading along. Openshaw suggests three stocks worth a look: SBUX, DFS, FITB.

Elsewhere, it was a wide ranging day in the stock market. On some stocks, it looked to me like the market makers looked to take out stop-loss orders on the books. Sometimes errors occur on the prints, but sometimes there is a spike up or down to take out those stop orders. The print low on AAPL is 153.21, the high of the day nearly 20 points better. Strange price action that is more common during option expirations week (next week).

BA gets hit again as some analysts cut their earnings estimates because of the announced delay.

Positions: BA, GM, WM all hedged longs