Chris Tyler, a senior staff writer at Optionetics.com, reviews the new CNBC show “Options Action” and likes its tone-down style.
Tyler writes, “The 30-Minute once-a-week segment appears to be in the testing phase right now. I’m waiting to receive some confirmation from CNBC after calling up unsuccessfully after business hours (of all things for a global business network) and because my DISH Network doesn’t seem to recognize ‘Options’ as being an option in its menu of choices.
“Personally, I do hope Options Action receives the green light and viewers that have empowered Mad Money can find some time for a bit of extra market-related homework/viewing thought worth tuning in for. In the premier show the Anchor Bankers i.e. financials (XLF) were atop the Options Action radar. That should come as little surprise as the group has been leading the broader market’s move lower. It also helps that those names enjoy tremendous participation by option traders even when it’s not necessarily a really mad money market.
“Much like CNBC’s Fast Money, which has the ‘heatseeking’ Pete Najarian of OptionMonster.com yapping about unusual option activity, Options Action did begin its mission to inform and educate with some very unusual bearish action to the tune of 20,000 plus contracts in the out-of-money Wells Fargo (WFC) February 15 Put. While that’s nothing out of the ordinary, the show’s Stacey G., an analyst at Susquehanna, did break away from the typical caveman ‘Me long puts, me long calls’ routine.”
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