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CNBC Options Action October 22, 2016

Lets get right to it. Because we are heading into the busiest week for earnings with mega cap stocks like alphabet, apple and amazon all set to report. So what should traders expect . What will it mean for the rally . Lets get in the money right now. Dan, what do you say . Well, listen. I think microsoft kind of set the stage for some things that were going to see over the next couple weeks. Fastgrowth businesses like a public Cloud Business are going to continue to do well. Continue to grow fast. But legacy businesses and we saw this from microsoft and intel, continue to do poorly. And then the other really important point is that enterprise spending, businesses, is not particularly robust right now. So i think that, you know i think i said this last week on the program. I think the stuff thats been growing the facebooks, the amazon, the stuff that i cant get my arms around, and i cant tell you that you should be long these thing ....

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