Trading Block: What is going on in the market?

Options #QuestionOfTheWeek:

Earnings Straddles - $AAPL(4.5%), $FB(7%) & $AMZN(8%). Which will be the most accurate?

• 45% Facebook - Close $108.89 (Straddle. $7.62) - Open $119.57: Difference. $10.68 / 9.8% - Missed by 40%
• 29% Amazon - Close $602 (Straddle. $48.16), Open $666 - Difference. $64 / 10.6% - Missed by 33% - WINNER!!
• 24% Apple - Close $104.35 (Straddle.$4.70), Open $96 - Difference. $8.35 / 8% - Missed by 77%
• 02% Other

Earnings Straddle Battle:

• TSLA - $241.75, Approx. 8.3%
• BABA - $4.70, Approx. 6%

Odd Block: Call buyer in Direxion Daily S&P 500 Bear 3x Shares, call buyers in Weatherford International PLC (WFT), and put buyers in Cabela’s Inc (CAB).

Strategy Block: Uncle Mike Tosaw discusses selling a put to get into a stock

Around the Block: Earnings!

• Tuesday - CVS Health, Pfizer, Etsy, Avis Rental Car, Hyatt Hotels, GrubHub, Spring Corporation, Starwood Hotels
• Wednesday - Tesla, Whole Foods, Merck & Company, Priceline Group, Zynga, Anheuser-Busch InBev, Kraft Heinz, FITBIT
• Thursday - Alibaba, Occidental Petroleum, Chesapeake Energy,
• Friday - Cigna Corporation

On the economic calendar this week are the ISM manufacturing index, international trade data and jobless claims on Thursday. Lastly, the week ends with the all-important monthly employment report for April.