Option Block 547: TWTR Frenzy, BABA Bounce and VRX Volatility
Aug 12, 2016•1 hr
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Episode description
Trading Block: Strong earnings, surge in oil power Dow to record intraday high. Earnings today: Before the bell: Alibaba Group Holding Ltd, Kohls Corporation, Macys Inc.; After the bell: Cosi, Inc., Nordstrom Inc. VRX: ATM straddle approx. $3, 13%. So much for put buyers Stock opened $1.50 higher and closed nearly $6 higher - surrendered most of those gains today.
Odd Block: Calls trade in Twitter Inc (TWTR), calls trade in Alibaba Group Holdings (BABA), puts trade in SPDR Retail ETF (XRT)
Mail Block: Options Question of the Week
Options #QuestionoftheWeek. What is your preferred way to trade crude oil? #QOTW
- WTI Options / Futures
- USO Options / ETF
- XLE Options / ETF
- Brent Options / Futures
- Question from Rpatel117 - Do you guys think DIS cross 100 this week?"
- Question from Matrix - Never sold options before. Why do some people prefer to sell them when they can buy them instead?
- Question from Cucas - What are the best resources for weeklies?
Around the Block: This Week in the Market
- Aug 9: Productivity and Costs
- Aug 10: JOLTS, Treasury Budget
- Aug 11: Jobless Claims, Export Prices
- Aug 12: Retail Sales, Consumer Sentiment
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