Option Block 705: The Bulls Strike Back
Apr 06, 2018•1 hr
Episode description
Trading Block: TSLA - up $50 in a few days. FB up over $7 since yesterday. SPOT options start on April 9. Dropbox has a big launch day with nearly 10k contracts. OCC cleared contract volume up 15% in March.
Odd Block: More Jan 2019 50"Catastrophe" puts in Tesla Motors (TSLA), weekly call-palooza in GameStop Corp. (GME), crazy call spread in Energy Transfer Partners LP (ETP), and call love in Array Biopharma Inc. (ARRY).
Strategy Block: Uncle Mike Tosaw discusses selling a spread vs buying a spread.
Mail Block: Options Broker Madness
- The battle is over - there can only be one. Congratulations to the 2018 #Options #BrokerMadness champions @TheTastyWorks! Thanks to all who participated.
Listener questions and comments:
- Question from Jilian - The whole inverse volatility thing has me spooked about other inverse ETFs like SQQQ (3X short nasdaq 100), UVXY and SDS (2X short S&P 500). Should I be worried that these can be wiped out next?
Around the Block/Economic Reports:
- Apr 4: Jobless Claims, International Trade
- Apr 5: Unemployment
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