Option Bbock 520: Imagine an Apple Tesla Mashup
May 03, 2016•1 hr 1 min
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Episode description
Trading Block: What is going on in the market?
Options #QuestionOfTheWeek:
Earnings Straddles - $AAPL(4.5%), $FB(7%) & $AMZN(8%). Which will be the most accurate?
- 45% Facebook - Close $108.89 (Straddle. $7.62) - Open $119.57: Difference. $10.68 / 9.8% - Missed by 40%
- 29% Amazon - Close $602 (Straddle. $48.16), Open $666 - Difference. $64 / 10.6% - Missed by 33% - WINNER!!
- 24% Apple - Close $104.35 (Straddle.$4.70), Open $96 - Difference. $8.35 / 8% - Missed by 77%
- 02% Other
Earnings Straddle Battle:
- TSLA - $241.75, Approx. 8.3%
- BABA - $4.70, Approx. 6%
Odd Block: Call buyer in Direxion Daily S&P 500 Bear 3x Shares, call buyers in Weatherford International PLC (WFT), and put buyers in Cabela’s Inc (CAB).
Strategy Block: Uncle Mike Tosaw discusses selling a put to get into a stock
Around the Block: Earnings!
- Tuesday - CVS Health, Pfizer, Etsy, Avis Rental Car, Hyatt Hotels, GrubHub, Spring Corporation, Starwood Hotels
- Wednesday - Tesla, Whole Foods, Merck & Company, Priceline Group, Zynga, Anheuser-Busch InBev, Kraft Heinz, FITBIT
- Thursday - Alibaba, Occidental Petroleum, Chesapeake Energy,
- Friday - Cigna Corporation
On the economic calendar this week are the ISM manufacturing index, international trade data and jobless claims on Thursday. Lastly, the week ends with the all-important monthly employment report for April.
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