b'
Option Block 349: A Bonafide Covered Strangle
\\nTrading Block: Lululemon had a big move today, as did Facebook and Tesla. Is time once again for the Trading Patterns Guessing Game!.
\\nOdd Block: Put butterflies trade in Dow Jones Industrial Average ETF (DJX), call sellers trade in AerCap Holidings NV (AER), call and put sellers (covered strangle?) trade in PG&E Corp. (PCG), and same month call rolls trade in Six Flags Entertainment Corp (SIX)
\\nXpress Block: What is your take of the covered strangle? Adding names to the IdeaHub.\\xa0
\\nStrategy Block: Tosaw discusses the enhanced collar strategy.
\\nAround the Block: How long can the market continue to ignore what happens in Iraq, higher oil prices, etc.? Whoa to the complacent. Where\\u2019s the conviction?
'