Options Outlook for the Week of December 9: Markets Still Holding Up

Markets have held up well as mentioned last week. Banks continue to slow fade, but show no real signs of movement to the downside. Oddball names such as Las Vegas Sands (NYSE: LVS) and Wynn Resorts (NASDAQ: WYNN) caught a bid over the week leading to some nice long trades, it'd be pertinent to not chase these moves and watch for possible fades as these casino stocks don't ever really hold a bid too long. Priceline.com (NASDAQ: PCLN) has stalled out a bit up here, selling calls and puts to wrap her into a consolidation area seems to be the best play. Apple (NASDAQ: AAPL) and Google (NASDAQ: GOOG) are looking for consolidation into the next leg as well. All the high flyer names seem to be breathing, both providing good scalp opportunities in the AM to the long and short side. Again, it doesn't seem that many big firms are putting on any new positions for a mass market move. Rolling into the end of the year with selling premium is the best play.Check out the video below for a recap of this week's outlook.