Option Block 741: We Are Back Talking TSLA, VIX, SPY and More

09/07/18 • 65 min

Trading Block. There are still names reporting earnings. Namely, Barnes & Noble and GameStop.

Odd Block: Cheapie calls in Northern Oil & Gas, Inc. (NOG) from 5/21. Crazy put palooza in Dean Foods Co (DF) from 4/30. Call love in Devon Energy Corp (DVN) from 4/16

Mail Block: Listener questions and comments

Question from Jason Anstey: Would you or your followers have a recommendation on best discount brokerage? Ideally low cost per contract and the ability to enter spread orders on a mobile device. Thanks. Appreciate it.
Question from Florence: When trades go against you do you close or roll the whole thing out or only the losing parts?

Around The Block/This Week In the Markets:

Sep 4 - Construction Spending
Sep 5 - International Trade
Sep 6 - Jobless Claims, Productivity and Costs, Factory Orders
Sep 7 - Unemployment

Trading Block. There are still names reporting earnings. Namely, Barnes & Noble and GameStop.

Odd Block: Cheapie calls in Northern Oil & Gas, Inc. (NOG) from 5/21. Crazy put palooza in Dean Foods Co (DF) from 4/30. Call love in Devon Energy Corp (DVN) from 4/16

Mail Block: Listener questions and comments

Question from Jason Anstey: Would you or your followers have a recommendation on best discount brokerage? Ideally low cost per contract and the ability to enter spread orders on a mobile device. Thanks. Appreciate it.
Question from Florence: When trades go against you do you close or roll the whole thing out or only the losing parts?

Around The Block/This Week In the Markets:

Sep 4 - Construction Spending
Sep 5 - International Trade
Sep 6 - Jobless Claims, Productivity and Costs, Factory Orders
Sep 7 - Unemployment

Previous Episode

Best of Option Block 648: Everyone Loves Cheap Lottery Tickets

This episode was originally posted on August 29th, 2017

Trading Block: A quiet day in the market.

Odd Block: Ratio put spread in Expedia Inc. (EXPE), ratio risk reversal in Dollar General Corp. (DG), and put-palooza in Pure Storage Inc. (PSTG).

Mail Block: Options Question of the Week

Look at #MayweatherMcGregor as #Options traders. @TheNotoriousMMA calls cost $1, pay $3. #Floyd calls cost $4, pay $1. Your trade?

30% - Buy #Connor Calls?
32% - Buy #Floyd Calls?
16% - I'd rather sell premium
22 - Whoever Wins We Love

Listener questions:

Question from Allan8 - Did Mark cash any calls on Floyd?
Question from LAXX - Is it me or do the Vegas odds makers do a very similar job to options market makers?

Another Options Question of the Week:

Let's get cheap! If you had to buy "lottery ticket" December calls for $.05 in one name - which would you choose? #HomeRun

AMZN
AAPL
Tesla
VIX

Next Episode

Option Block 742: FB Crazy Calls Plus TSLA, AAPL and Rickets

Trading Block: VIX is back to 14, and VXX is back below 30. Earnings. If Apple made phone in U.S. they would cost 20% more, according to BAML analyst. SEC rejects bitcoin ETFs.

Odd Block: Upside calls in Altice USA Inc. (ATUS), short puts in PagSeguro Digital Ltd (PAGS) from 4-16, and size calls in Regions Financial Corp (RF) from 2-26.

Mail Block: Listner questions and comments

Question from EB18 - What do you think of $FB calls profiled on Options Action last week?
Question from Anzew - If I go out of the money with my options are they more sensitive to price movements in the stock? I've had out of the money positions move over 25% when the stock only moved 5%.

Around the Block/This Week in the Markets