CNBC is entering an unknown territory, hey, we need find a way to profit from this TV program, using it as a contrarian indicator just like put call ratio.
I think we can all agree that CNBC is just entertainment. I enjoy it a lot. While it appears to me to be impossible for anyone to actually learn anything useful about trading options from that program, I applaud that fact that options are at least being discussed, however poorly, on a prime time TV show. The more people who are trading these things, the better our liquidity will get.
The "trading advice" I devine from Food Network is superior to that given out on CNBC. If I had to rank the relevence of information on CNBC, it would be as follows: 1) David Einhorn 2) T. Boone Pickens 3) Warren Buffet Followed by everyone else... with "Options Action" being the butt end of a joke. Einhorn is on top of his game and should never be ignored. Pickens and Buffet are reliable but their timing is less 'urgent' than Einhorns'. JMO...