Option Block 739: TSLA Is Crazy

08/21/18 • 60 min

The Option Block

Trading Block: Earnings!

Wednesday - Target, Lowe's, Barnes & Noble
Thursday - HP, Intuit, Gap
Friday - Foot Locker

Plus, TSLA has major issues - SEC investigation, drug cartels, etc.

Odd Block: Put roll in QEP Resources Inc (QEP), Roling puts in Flower Foods Inc (FLO), Call palooza in PayPal (PYPL)

Mail Block: Options question of the week

This week we would like to know more about your level of #options expertise. Quite simply - how would you describe yourself at a dinner party?

13% - Current/Former Pro
18% - Retail Options Wiz
47% - Retail Options Dabbler
22% - Looking to Get Started

ANOTHER Options question of the week: We're talking about #Crypto #Derivatives at the upcoming @BlockchainVoice Conference (register at http://VoiceOfBlockChain.com ). So this week we want to know which #Crypto product you'd like to see listed on a major venue next. Reply/DM w/others #Bitcoin $XRT $ETH $LTC

Bitcoin Options
Ripple Options/Futures
Ether Options/Futures
Litecoin Options/Futures

Listener questions and comments:

Question From Cbade: Looking to sell some Ford weekly 9.50 puts for $.25. My broker says I don't have enough cash in my account to cover a 10 lot. How much money do I need to have to sell 10 puts on a $9 stock?

Around the Block: What's coming up this week?

Trading Block: Earnings!

Wednesday - Target, Lowe's, Barnes & Noble
Thursday - HP, Intuit, Gap
Friday - Foot Locker

Plus, TSLA has major issues - SEC investigation, drug cartels, etc.

Odd Block: Put roll in QEP Resources Inc (QEP), Roling puts in Flower Foods Inc (FLO), Call palooza in PayPal (PYPL)

Mail Block: Options question of the week

This week we would like to know more about your level of #options expertise. Quite simply - how would you describe yourself at a dinner party?

13% - Current/Former Pro
18% - Retail Options Wiz
47% - Retail Options Dabbler
22% - Looking to Get Started

Bitcoin Options
Ripple Options/Futures
Ether Options/Futures
Litecoin Options/Futures

Listener questions and comments:

Question From Cbade: Looking to sell some Ford weekly 9.50 puts for $.25. My broker says I don't have enough cash in my account to cover a 10 lot. How much money do I need to have to sell 10 puts on a $9 stock?

Around the Block: What's coming up this week?

Previous Episode

Option Block 738: Talking VIX, NVDA, WMT, TSLA and More

Trading Block: A look back at the week from a trading perspective

VIX briefly back over 14.

Earnings:

Wednesday - Macy's, Cisco
Thursday - Walmart, JD.com, Nordstrom, Nvidia
Friday - John Deere
Walmart (WMT) had a blowout quarter and shares are surging.
Nvidia (NVDA) - ATM straddle: $16.50, approx. 6%

Odd Block: Bullish risk reversal in Discovery Communications Inc. (DISCA) (From 7/19), Well-timed bullish stupid in Cleveland-Cliffs Inc. (CLF) (From 7/16), and earning bet in Interpublic Group of Companies Inc. (IPG) (From 7/16).

Strategy Block: Uncle Mike Tosaw discusses bad practices in financial advisors who claim to know options.

Mail Block: Options question of the week

This week we would like to know more about your level of #options expertise. Quite simply - how would you describe yourself at a dinner party?

12% - Current/Former Pro
21% - Retail Options Wiz
48% - Retail Options Dabbler
19% - Looking to Get Started

Around The Block/This Week In the Markets:

Aug 16 - Jobless Claims, Housing Starts
Aug 17 - Consumer Sentiment

Next Episode

Option Block 740: Trade Wars and Cannabis Stocks

Trading Block: Trump trade war is back on the tape - China implemented more tariffs on U.S. goods.

Earnings:

Thursday - HP, Intuit, Gap
Friday - Foot Locker

Odd Block: Rolling calls in Union Pacific Corporation (UNP), bullish paper in Coty Inc. (COTY) and opening puts in CBL & Associates Properties, Inc. (CBL)

Strategy Block: Uncle Mike Tosaw discusses investing in marijuana stocks.

Mail Block: Options question of the week

We're talking about #Crypto #Derivatives at the upcoming @BlockchainVoice Conference (register at http://VoiceOfBlockChain.com). So this week we want to know which #Crypto product you'd like to see listed on a major venue next.

72% - Bitcoin Options
8% - Ripple Options/Futures
15% - Ether Options/Futures
5% - Litecoin Options/Futures

Listener questions and comments: What's on your mind?

Comment from TradingTrooper -$CGC begins trading weekly options today
Comment from FContangotrader -@OptionPit @OptionVol greasy meatball and rock lobster combo lol
Re: Olive Garden $300 all you can eat pass: Comment from Volatility Trading -Low carb diets be damned

Around the Block: What are we watching?