Market videos

Don Kaufman challenges the defensive rotation in Schwab Network’s Big 3. He proposes a January 15 TLT 80/75 put spread for a $1.10 debit, arguing that spending will pressure bonds, and a November 20 Goldman Sachs 880/870 put spread for $3. He also favours a longer-dated bearish Apple position, seeking a move below 325 by January expiration and quoting a $3.15 debit. These are attributed option scenarios; the accompanying chart discussion notes Apple’s continuing upward price structure.