Option Block 542: VZ Buys YHOO, plus AAPL Downgrade
Trading Block: Earnings! Not many earning today, but a big week is ahead. Apple after the bell tomorrow. Stock at $97.27, ATM Straddle approx. $2.90, or 3%. Oil prices fell to two-and-a-half month low. Verizon owns the internet from the 90s, AOL last year, Yahoo today.
Odd Block: Calls trade in Crown Castle Inter. (CCI), call buying in Bank of America (BAC), call selling in iShares MSCI Japan ETF (EWJ), and put selling in Lululemon Athletica Inc. (LULU).
Strategy Block: Uncle Mike Tosaw discusses selling put spreads on a dip in the marketplace.
Around the Block: Upcoming earnings include:
- AMZN
- F
- GOOG
- TWTR
- FB