Trading Block: Earnings!
- Before the bell today: Coca-Cola, CME Group Inc., the biggest futures-market operator, said profit soared in its third quarter, lifted by higher trading volume and growth in the company’s market data and information services business.
- After the bell today: BAIDU, Electronic Arts, Expedia, LinkedIn Corporation, Starbucks.
- EA - ATM Straddle $4.70 - Approx. 6.2%
Also, on this day (October 29) in 1929: The New York Stock Exchange crashed in what would be called the Crash of '29 or "Black Tuesday."
Odd Block: Calls trade in CBS Corp (CBS), calls and puts trade in Walgreens Boots Alliance Inc. (WBA), and calls trade in Kate Spade and Co. (KATE)
Listener Mail: Listener questions and comments
- Question from 603 - Before a report like FOMC, is buying calls bad due to Vol premiums?
- Question from 777 - What quirks are there with time decay - during the last few weeks with ITM vs. OTM?
- Question from Angus G - On your TopStep radio show just now you mentioned "buying WTI Crude Oil calls". What is the ticker symbol for these products?! When I put WTI into my broker I get "W&T Offshore". I thought USO was the best/only way to speculate on CL using options? You mentioned however that there might be better options that more directly mirror crude... Thanks
Around the Block: Earnings on Friday: CBOE Holdings, CVS, Chevron.