Option Block 754: What The Heck Is Going On?
Trading Block: Holy crap and holy crap!
Earnings:
- World Wrestling Entertainment (WWE): Earnings topped views but revenue missed as ticket sales to live events fell, and the company plans to go ahead with an event in Saudi Arabia.
- Twitter (TWTR): The stock shot up 16%, near 32, during morning trading on the stock market today.
- Amazon (AMZN): ATM straddle: $102, approx. 6%
- Alphabet (GOOGL): ATM straddle: $57, approx. 5%
AND Chinese operatives were able to infiltrate motherboards made by a US company that sold to Apple and Amazon: Bloomberg
Odd Block: Put summary in Tesla Motors Inc. (TSLA), call sale in Plains All American Pipeline (PAA), and call sale in Magellan Midstream Partners (MMP)
Mail Block: Options question of the week
Earnings are back with big tech names on the docket. Which of the following will be lighting up your #Options trading this week? Bonus points for your preferred strategies - e.g. call vertical, straddle, etc.
- Microsoft $MSFT
- Amazon $AMZN
- Alphabet $GOOGL
- Twitter $TWTR
Listener questions and comments
- Question from RonS6 - What's your suggested minimum account size to start trading options?
- Question from Tony - Is $HMNY the most option-like stock on the planet?
Around the Block/This Week in the Markets
- Oct 26: GDP, Consumer Sentiment