Option Block 637: Talking Earnings with Tubby

Published: July 21, 2017, 7:29 p.m.

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Trading Block: Earnings after the bell today:

  • Ebay - $37.19
  • Microsoft - $73.81

Earnings season is back! $MSFT & $EBAY are up next. $MSFT ATM Straddle = 3.5%. $EBAY ATM Straddle = 7% Which trade would you make?

  • Buy $MSFT Straddle 3.5%
  • Buy $EBAY Straddle 7%
  • Sell $MSFT Straddle 3.5%
  • Sell $EBAY Straddle 7%

NFLX Closed $161.70 on 7/17, traded as high as $185 (up $23) the next day.

Odd Block: Put trade in Home Depot Inc (HD) and puts roll in Spider S&P Biotech (XBI).

Strategy Block: Uncle Mike Tosaw discusses call rolls

Mail Block: Listnener questions and comments

  • Comment from Roger Barone: Please advocate for ALL AMERICANS to be able to trade foreign equity or index options! Trying to get the SEC or Financial Services Committee to do the right thing is like talking to a wall. They are both controlled by the big banks and QIBs whose monopoly they protect. Insane archaic policy pushing Americans - and their money - offshore. Info: optionproject.wordpress.com/reform. I'm gonna try to change from the inside if all else fails: barone4congress2018.com.

Around the Block/This Week in the Market:

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  • July 20: Jobless Claims
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