Option Block 738: Talking VIX, NVDA, WMT, TSLA and More
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Trading Block: A look back at the week from a trading perspective
VIX briefly back over 14.
Earnings:
- Wednesday - Macy's, Cisco
- Thursday - Walmart, JD.com, Nordstrom, Nvidia
- Friday - John Deere
- Walmart (WMT) had a blowout quarter and shares are surging.
- Nvidia (NVDA) - ATM straddle: $16.50, approx. 6%
Odd Block: Bullish risk reversal in Discovery Communications Inc.\\xa0 (DISCA) (From 7/19), Well-timed bullish stupid in Cleveland-Cliffs Inc. (CLF) (From 7/16), and earning bet in Interpublic Group of Companies Inc. (IPG) (From 7/16).
Strategy Block: Uncle Mike Tosaw discusses bad practices in financial advisors who claim to know options.
Mail Block: Options question of the week
This week we would like to know more about your level of #options expertise. Quite simply - how would you describe yourself at a dinner party?
- 12% - Current/Former Pro
- 21% - Retail Options Wiz
- 48% - Retail Options Dabbler
- 19% - Looking to Get Started
Around The Block/This Week In the Markets:
- Aug 16 - Jobless Claims, Housing Starts
- Aug 17 - Consumer Sentiment