Option Block 624: Mystery Tesla Puts
Episode description
Trading Block: Today we welcome guest co-host Matt Amberson from ORATS. AMZN finally hits $1000. Who is next? Google? Do we need to bring back mini options with all of these high-priced stocks? The crude rally continues.
Odd Block: TSLA Options Tracker: Guess what the number one position in Tesla is right now? Calls trade in Taubman Centers (TCO).
Strategy Block: Mike discusses his SPY diagonal spread trade put on last week.
Mail Block/Options Question of the Week:
AMZN just hit $1000. Will GOOGL do it next? The GOOGL $1000 call expiring Friday = $4, $1000 Put = $8. How would you trade?
- Sell $1000 Call for $4
- Buy $1000 Call for $4
- Sell $1000 Straddle: $12
- Sell $1000 Put for $8
Listener Question: What's on your mind?
Question from GuruHawk -How do you know the shares were purchased as well? I see the volume on the option... But to know workings of intent?
Around the Block: What is going on in the June 16 SPY contract? Market reaction to the decision to pull out of the Paris Climate Agreement. Non-farm payrolls. How low can VIX go? What else will hit the $1000 mark?