Nov 22, 2016
Trading Block: Stocks jump as S&P 500 and Nasdaq set new record highs. Goldman insiders underwater options were salvaged by the Trump election.There are still earnings being released.
Earnings today:
- Tyson Foods (before the bell)
- Palo Alto Networks (after the bell)
Odd Block: Calls trade in NRG Energy Inc (NRG), calls trade in Ultra DJ - AIG Crude Oil ProShares (UCO) and calls trade in Cypress Semiconductor Corp (CY).
Mail Block: Listener questions and comments
- Question from RealRK - Juice for free is always nice. I would have never thought of mixing in the call time spread. Musk uses the massive short interest, tweets and it goes up ten points. Thanks fellas! Also, check out the call/put ratio on CY (Cypress Semiconductors). OI near and out of the money in the next three months contracts shows huge call buying (Probably 100 million plus in value). Buyout rumors, so I got long a small amount of January 11 calls. Let me know what you guys think Thursday! Thanks
Options#QuestionOfTheWeek
Great traders need many weapons in their arsenals. But everyone has a favorite. What is yours? Reply/DM w/others.
- Vertical/Ratio Vertical
- Iron Condor/Iron Fly
- Straddle/Strangle
- Covered Call/Short Put
- Addition from Options_Addict - Options ratio spreads and naked purchases.
More questions:
- Question from Rico Landa - Did you guys see this? Is Cuban talking about buying puts or something else? Guess he has a savvy financial advisor?
- Question from JNic - When the market is rallying like it is now what is wrong with just buying calls? Seems to work or is that just too basic?
Around the Block/This Week in the Market:
- Nov 22: Existing Home Sales
- Nov 23: Durable Goods, Jobless Claims, New Home Sales, Consumer Sentiment, FOMC Minutes
- Nov 24: Thanksgiving Day, markets closed
- Nov 25: International Trade, Markets close at 1:00 pm Eastern.