Daily Report — November 11, 2021

Let’s stick with another look at today’s Unusually High Put Option Volume list.

My reason for looking at Unusually High Put Option Volume

The Consumer Price Index data reported yesterday morning was the highest % in 30 years. The data shows the consumer price index surged 6.2% from a year ago in October, the most since December 1990.

The CPI increased 0.9% against the 0.6% estimate on a monthly basis.

The increase in pricing for both food and energy are said to have wiped out the wage increases that workers received over the month.

The Markets Could Stall

I am not saying this data is going to put an end to the bull market, but I can see it potentially causing things to stall. Look what happened today with the markets all trading down:  Dow down 0.66%, NASDAQ down 1.66% and the S&P500 down 0.82%.

Here is that current list:

Put Option Trade Ideas

One idea is to look at stock options from the list that are from the NASDAQ since that index had the largest % drop.

There are 4 of them to further research if you like: the options on TDOC. SBUX, ABNB and AFRM.