Option Block 622: Selling Crazy Penny Calls
May 23, 2017•1 hr 3 min
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Episode description
Trading Block: Earnings highlights include Lowes (Wednesday), Best Buy, Costco, TD Ameritrade, GameStop (Thursday).
Odd Block: Calls trade in Pandora Media Inc. (P), calls trade in Energy Transfer Equity LP (ETE) and calls trade in MGM Resorts Int. (MGM).
Mail Block: Questions. Comments. More
Options Question Of The Week: $VIX =11.20. $VIX June Future = 12.40 $VIX Weekly 11 puts = $.15, Weekly 13 Calls = $.15. What's your trade?
- Buy 13 Call for $.15
- Buy 11 Put for $.15
- Sell 13 Call for $.15
- Sell 11 Put for $.15
Listener Questions:
- Question from Game Daydog - Whoo Hooo !! I made the boot camp show!!! He's right.. I did take a bruise, but my position was good. The stock gapped thru my position. Is there an option strategy that offers the most gap-thru protection?
- Question from Jlers -Best broker for Iron Condors?
Around the Block/This Week in the Market:
- May 23: New Home Sales
- May 24: Existing Home Sales, FOMC Minutes
- May 25: Jobless Claims, International Trade
- May 26: Durable Goods, GDP, Consumer Sentiment
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