Feb 17, 2017
Trading Block: Earnings earlier this week. Tuesday - Potbelly,
T-Mobile
Wednesday - PepsiCo, Inc., Cisco Systems, Inc., Groupon, Marriott
International
Earnings today. AVP - Crush, stock down 17% intraday.
Odd Block: Calls trade in Himax Technologies, Inc (HIMX), Calls trade in Health Care SPDR (XLV), Calls and puts trade in Mondelez International Inc (MDLZ).
Mail Block:
#Options #QuestionOfTheWeek - Trading single #Calls and #Puts is
fine, but smart #Options traders use spreads. What is your go-to
spread?
- Vertical/Ratio Vertical
- Calendar/Diagonal
- Butterfly/ Iron Butterfly
- Iron Condor
Question from Gramercy - So I am interested in $ATVI ahead of
earnings. I buy 1 Feb 39.50 call for $1.50. The stock opens up the
next day and I sell it out for $5. What am I missing? Why does
everyone say this earnings stuff is so hard?
Question from NIZ - Are there options on Snap?
*Note from IPO filing - “Like many burgeoning tech startups, Snap
warned that it “may never achieve or maintain profitability.”
Question from Mark Tucker - You think MaxPain was the reason to
hold $AAPL below $132.40 for closing? Rest of Nasdaq seemed bright
green. Thoughts? Thank you.
Question from Richard R. - At 14:00 of episode 553 you stat that a
$6 straddle was pricing an 8% move following earnings. Is this just
the current ATM straddle?
Around the Block: The market will be closed Monday, February 20 for
Presidents Day.
This week in the market - Feb 16: Jobless Claims, Housing
Starts
Earnings next week - TSLA, BIDU