Option Block 647: Weird Rolls, Covered Call How-To and More
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Trading Block: Amazon announces price cuts at Whole Foods, Hurricane Harvey bears down on oil central. Earnings are still happening! GameStop (GME) after the bell - ATM straddle $2, approx. 9%.
Odd Block: Rolling calls in Genworth Financial Inc. (GNW), rolling calls in SPDR S&P Metals and Mining (XME) and weird rolls in L Brand Inc. (LB).
Strategy Block: Uncle Mike Tosaw discusses strike price selection for a covered call.
Mail Block: Options Question of the Week
Look at #MayweatherMcGregor as #Options traders. @TheNotoriousMMA calls cost $1, pay $3. #Floyd calls cost $4, pay $1. Your trade?
- Buy #Connor Calls?
- Buy #Floyd Calls?
- I'd rather sell premium
- Whoever Wins We Lose
Listener questions: What's on your mind?
Question from Salman Azhar: To sell wkly $SPX opts against a long $SPX quarterly opt. Are call or put diagonals better for bears. Math is same but practice?
Around the Block: ULTA pared off the earlier selloff. GME off almost 8%. What's happening in Jackson Hole? AMZN + WFM closes on Monday. GoFundMe to buy Twitter.
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