Trading Block: A thin day in the market. Lululemon (LULU) after the bell: ATM straddle - $6.75, approx. 12%. Will invisible yoga pants strike again?

Odd Block: A review of past paper:

• Paper buying strangles in Tesla Motors (TSLA) on Aug 3rd.
• Call love in Extended Stay America (STAY) on Aug 7th.

Strategy Block: Uncle Mike Tosaw discusses call spread trades

Mail Block/Options Question of the Week:

Let's get cheap! If you had to buy "lottery ticket" December calls for $.05 in one name - which would you choose? #HomeRun

• AMZN
• AAPL
• Tesla
• VIX

Listener Questions: What is on your mind?

• Question from Bobster - Can you trade options outside of US trading hours?
• Question from Nanfran - What do you think would be a good option to buy right now heading into the end of summer?

Around the Block: One last look at Lululemon (LULU)