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The Options Insider Radio Network

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Oct 28, 2016

Trading Block/Earnings Palooza!

Before the Bell:

  • TSLA: stock up 1.5%, $12.30 (6%)
  • AAPL: stock closed $118.25, but dropped nearly $5 the next trading day - now trading around $115, straddle $5.25 (4.5%)
  • TWTR: ATM straddle - $2.10, approx. 12% - stock nearly unchanged today.

After the Bell:

  • GOOG: ATM straddle - $39.45, approx. 5%
  • AMZN: ATM straddle - $50 - approx. 6%

Odd Block: Calls trade in Gilead Sciences Inc (GILD), calls trade in Southwest Airlines Co. (LUV) calls trade in Marathon Petroleum Corp (MPC)

Strategy Block: Uncle Mike Tosaw discusses when you would sell a long-dated option.

Mail Block/Options #QuestionOfTheWeek

Is #Trumpocalypse done? Is $VIX already pricing in @HillaryClinton win? Where will $VIX close on election day?

  • UNCHD (Between 12-14)
  • Elevated (15-18)
  • Spike (Over 18)
  • Selloff (Below 12)

Listener questions:

  • Question from Trader Onki - I think you recently attended two trading conferences. Would you please share anything new for some of us retail traders who were not able to attend? Or if you already shared them, please direct me to right place?
  • Question from ItsGoodUntilTheBearRaid - @Options Does this mean someone picked up 19k $8 calls? Refers to this article.

Around the Block: The big story is the elections, even during earnings season. Will the VIX continue to roll up? 2016: A lot of up, a lot of down, but going nowhere.