Option Block 509: Phenomenally Ingenious Tree Trade

Published: March 23, 2016, 2:54 p.m.

Trading Block: The most up-to-date result of our March Madness Poll. Stocks to Watch: Valeant, Tesla, Starwood, Marriott, Markit, IHS. Stocks dip, dollar advances in wake of Fed comments.

\n

Odd Block: Bullish call action in iShares Dow Jones US Homebuilder ETF (ITB), upside call buyer in Kraft Heinz Co. (KHC), and christmas put tree in US Steel Corp (X).

\n

Strategy Block: Uncle Mike Tosaw discusses out-of-the-money call buying.

\n

Mail Block: Listener questions and comments

\n
    \n
  • Question from Groose - Regarding Eurodollar futures options, are there different quirks between the months?
  • \n
  • Question from Trunghi Nguyen - Hey, hello Options Insider. Big fan of al of your work - listen to your shows all the time. Many Option Blocks ago, (around the Viceroys last show before he left, may have been his last show) he mentioned a past show where the Rock Lobster discussed how to trade a butterfly at expiration, and Alex thought it was pure gold. I cannot recall what type of butterfly trade it was, i.e. standard, iron, or broken wing, but Alex seemed impressed by Andrews explanation. Unfortunately, I have not been able to locate which episode this was aired on. Any chance you can find out and let me know? Love your work - when it comes to Options Insider, I go long.
  • \n
  • Comment from Joseph A. - Good morning Options Insider. Wanted to stop by and say thank you for providing me and many others with a free source of invaluable knowledge. I hope you do not mind, but I shared your page with a couple of trading groups that I am a member of. Thank again - happy trading!
  • \n
\n

Around the Block: Earnings!

\n
    \n
  • Tuesday - Nike, Krispy Kreme Donuts
  • \n
  • Wednesday - General Mills
  • \n
  • Thursday - GameStop (after bell), Signet Jewelers (before bell), Cosi (after bell)
  • \n