Trading Block: Wrapping up the week in options
Earnings this Week:
- Alibaba (Wednesday before the bell). Close: $101.15, ATM Straddle: $5.46. Open up: $2.65, Traded up: $2.95.
- Facebook (Wednesday after the bell). Close: $127.17, ATM Straddle: $6.68. Open down: $5.17, Traded down: $7.56.
- Starbucks. Close: $52, ATM Straddle: $2.45 - 4.7%
OCC cleared contract volume down 13% in October.
Options #QuestionOfTheWeek: Special #Earnings, #Election, #WorldSeries edition $FB ATM strd=$7.30 $VIX=17.20. Which outcome is most likely?
- $VIX > 20 before election
- $FB beats ATM Straddle
- @realDonaldTrump wins
- @Cubs win World Series
Odd Block: Calls trade in Itau Unibanco Holding SA (ITUB), puts trade in Electronic Arts Inc. (EA), calls trade in Powershares QQQ Trust (QQQ)
Strategy Block: Uncle Mike Tosaw discusses ways to use money management in your favor
Around the Block: Prescient polling...so many correct answers on the #QuestionOfTheWeek. Does that mean Trump will win?
Activity