The Option Block

Trading Block: Amazon announces price cuts at Whole Foods, Hurricane Harvey bears down on oil central. Earnings are still happening! GameStop (GME) after the bell - ATM straddle $2, approx. 9%. Odd Block: Rolling calls in Genworth Financial Inc. (GNW), rolling calls in SPDR S&P Metals and Mining (XME) and weird rolls in L Brand Inc. (LB). Strategy Block: Uncle Mike Tosaw discusses strike price sel...

Trading Block: The eclipse hits the U.S. market. Steve Bannon gone from the White House. Elon Musk urges the UN against the use of AI in warfare. Odd Block: 105 More $TSLA Jan 2019 50 "Catastrophe" puts hit the tape today. Put spreads trade in Starbucks Corporation (SBUX). Size put spreads in Utilities SPDR ETF (XLU). Mail Block: Poll review Question of theWeek: Taking a break from #FireandFury &...

  Trading Block: WMT and BABA earnings today before the bell. Donald Trump sympathizes with Confederate statues. A look at George Soros options positions. Odd Block: More TSLA Jan 2019 50 "Catastrophe" puts hit the tape today. Call frenzy in Utilities SPDR ETF (XLU). Funky puts trade in Prospect Capital Corporation (PSEC). Rolling puts in WisdomTree India Earnings Fund (EPI). Strategy Block: Uncle...

Trading Block featuring Matt "Tubby" Benson. VIX back in the 12 handle - is Fire and Fury over? Sept future down from 15.20 to 13.20 FIZZ and the Cook County soda tax Odd Block: Puts trade in Urban Outfitters Inc. (URBN), risk reversal in Hewlett Packard Enterprise Co (HPE), calls trade in Teradyne Inc. (TER). Mail Block/Question of the Week: Taking a break from #FireandFury & $VIX to talk #Earnin...

Trading Block: VIX getting some life again thanks to "fire and fury." Earnings after the bell: NVDA - ATM straddle: $15, approx. 9% SNAP - ATM straddle: $2.25, approx.16.5% Odd Block: Put spreads trade in iShares MCSI South Korea Index (EWY) , put rolls in SPDR Retail ETF (XRT) and puts sell and call in Urban Outfitters (URBN). Strategy Block: Uncle Mike Tosaw discusses what happens when low volat...

Trading Block: Investors Have Never Been More Short Volatility Futures Odd Block: An update on the Tesla "Catastrophe Puts," call frenzy in Procter & Gamble Co (PG), size bullish combo/conversion/reversal in iShares IBoxx $ Invest Grade Corp. (LQD), and calls trade in Extended Stay America Inc (STAY). Mail Block: More Tesla commentary From Michael Smith - This is an obscene about of OI that far ou...

Trading Block: Apple earnings after the bell on Tuesday. ATM straddle $6, approx. 4% Options Earnings Poll - $AAPL earnings on Tuesday. The market is pricing a 4% move - approx. $6. Do you think $AAPL can do it? 32% - $6 is Cheap, Buy Straddle 25% - $6 is Rich, Sell Straddle 30% - $6 Seems Fair 13% - Can't Stand $AAPL Tesla earnings on Wed - $322.87. ATM straddle - $22.50, approx. 7% Odd Block: Pu...

Trading Block: AAPL earnings after the bell on Tuesday. ATM straddle $6, or approximately 4%. Options Earnings Poll: $AAPL earnings on Tuesday. The market is pricing a 4% move, which is approximately $6. Do you think $AAPL can do it? $6 is Cheap- Buy Straddle $6 is Rich- Sell Straddle $6 Seems Fair Can't Stand $AAPL Odd Block: Puts trade in Altria Group Inc (MO), puts trade in Pantheon NV (PTHN) M...

Trading Block: Amazon rallies 2%. Bezos surpassed Gates ever-so briefly as richest man in the world. Then there was a selloff. Earnings Flash Poll - $AMZN is up next. ATM Straddle approx. $50 - aka 4.5%. Does a $50 earnings move seem reasonable or crazy to you? 39% - I'll buy that for $50 22% - I'll sell that for $50 28% - Seems Fair to Me 11% - I'm waiting for $AAPL Odd Block: Call rolls in Dynav...

Trading Block: Earnings! Monday - Alphabet earnings after close today Earnings Flash Poll - $GOOGL is on deck. With $GOOGL around $993 the ATM Straddle is pricing in a 4% move. Are you a buyer or a seller? Buy it - 4% is cheap Sell it: 4% is expensive 4% is just right I'm holding out for $AMZN More earnings! Tuesday - GM, McD, AT&T, Chipolte, AMD Wednesday - FB, Coca-Cola, Boeing Thursday - Amazon...

Trading Block: Earnings after the bell today: Ebay - $37.19 Microsoft - $73.81 Earnings season is back! $MSFT & $EBAY are up next. $MSFT ATM Straddle = 3.5%. $EBAY ATM Straddle = 7% Which trade would you make? Buy $MSFT Straddle 3.5% Buy $EBAY Straddle 7% Sell $MSFT Straddle 3.5% Sell $EBAY Straddle 7% NFLX Closed $161.70 on 7/17, traded as high as $185 (up $23) the next day. Odd Block: Put trade...

Trading Block: NFLX earnings after the bell. Netflix trading around $161.19. Options Flash Poll: Earnings season is back! $NFLX ($161.19) is currently pricing in a $13 ATM straddle (approx. 8%). What's your take? $13 is WAY too Cheap $13 is WAY too expensive $13 is JUST RIGHT I'm sitting this one out Amazon taking on Blue Apron - filing a trademark for a competing meal-kit service Odd Block: Puts...

Trading Block: Amazon Prime Day today. Lots of closing VIX puts. Waiting on what Yellen may say. Odd Block: TSLA options tracker - 145 "catastrophe" puts hit the tape today, 20 more Jan 2018 20 puts also trade today. APRN first week review - paper buys 1080 Aug 9 calls for $0.40. Crazy tree or put spread in iShares MCSI Taiwan Index (EWT). Strategy Block: A double strategy today! A put roll down t...

Trading Block: Blue Apron options to list on CBOE exchanges on Monday."Amazon Prime Day" is today. A plan for new trading pit triggers a feud in the U.S. options market. Odd Block: TSLA Options Tracker - 51 more "catastrophe" puts hit the tape today. Puts roll in L Brands Inc. (LB) Puts trade in Gap Inc. (GPS) Mail Block: Listeners weigh in Options question of the week: Blue Apron $APRN is down ov...

Trading Block: VIX ends near the top of the range. It was up to 13.05 at its highest. Tesla down 7.2% yesterday, due to concerns of slowing Model S and Model X sales. The numbers are out: OCC announced today that cleared contract volume in June reached 387,597,223 contracts, a 2% increase from the June 2016. Odd Block: TSLA Jan 2019 50 puts and Jan 2018 20 puts continue to trade. Back and forth tr...

Originally posted on February 19, 2016 Trading Block: Welcome to our 500th episode. Today's special panel includes: Mark Sebastian, Mike Tosaw, Andrew Giovanazzi, and our most beloved former panelist Alex "The Viceroy" Jacobson. They discuss: How many exchanges are too many exchanges? Options Insider question of the week The SEC Citadel Transaction fees Talking free of compliance issues And so muc...

It's all strategy in this abridged episode of the Option Block. Today, uncle Mike discusses what you an do when you're not connected to your computer, including: Take your mobile device with you Have the phone number for the trading desk Contingent orders and alerts Why not to have a limit order on a contingency Setting alerts

Trading Block: Wall St. boosted by tech stocks, rebound in oil prices ; Bitcoin Tumbles to Lowest Level in More Than a Week Odd Block: Put buying in Darden Restaurants (DRI), put spreads trading in iShares MSCI Taiwan Index (EWT) and puts trading in Iridium Communications (IRDM) Mail Block: Options Question of the Week 1 Everyone is talking about #Bitcoin #Volatility these days. Where do you stand...

Trading Block: Taking the weekend out of the market. Biotech and the effect of the AHCA bill. Crude and the energy section taking it on the chin. Odd Block: Puts trade in Plains All American Pipeline, L.P. (PAA) call spreads trade in Praxair, Inc. (PX). Strategy Block: Mike discusses trading size and closing positions. Mail Block: Listener Questions and Comments Question from Frank C. - Can you do...

Trading Block: Green screens. Did we turn a corner? Channeling Don S. Do we have a lack of shellac? AMZN needs WFM to grow? Everyone wants to be everything. Mike's disclosure moment. Odd Block: Puts trade in Marriott Vacation Club (VAC), puts roll in Alerian MLP (AMLP) and put buying in Pattern Energy Group (PEGI). Mail Block: Options question of the week Everyone is talking about #Bitcoin #Volati...

Trading Block: The Federal Reserve announced a quarter-point rate hike Wednesday as expected. The market keeps shrugging off news about Trump. The news deluge, with its quasi facts, is making people numb. Odd Block: Puts trade in Tesla Motors (TSLA), puts roll in Yamana Gold Inc (AUY) and puts trade in Accelerate Diagnostics, Inc. (AXDX). Strategy Block: Uncle Mike Tosaw discusses closing out long...

Trading Block: What is up with VIX today? NASDAQ sells off, S&P not so much, VIX pops. How low should VIX go? Are you in the Goldman camp or the Barclay's camp? Gaming segment hot today. Big news out of the E3 show. MSFT: $69.71 - .8%. Company too big to move much on gaming news. Sony (SNE): Unchanged. Slight adv pop - about 2.5X EA: $108.90 - off over 1% TTWO: $73.83 - Off 2% ATVI: $56.76, off 2....

Trading Block: Comey talks before the Senate - the markets shrug. VIX still in double digits, barely. Silver and Alibaba. Odd Block: Puts trade in Tesla Inc. (TSLA), calls trade in CIT Group Inc. (CIT). Strategy Block: Mike discusses the importance of having different strategies for different underlying, in similar scenarios. Mail Block/Options Question of the Week: Weird Fact: #1 $TSLA position=...

Trading Block: VIX at 960! The VIX is back to flirting with its lowest levels ever. Keep an eye on APPL. The World Wide Developer Conference begins this week. The year-to-date performance of Apple, Amazon, Netflix and FB is +34% right now. Odd Block: Calls trade in Cenovus Energy Inc. (CVE), puts and calls trade in Dynavax Technologies Corp. (DVAX) and calls trade in MSCI Hong Kong Index (EWH) , u...

Trading Block: Today we welcome guest co-host Matt Amberson from ORATS. AMZN finally hits $1000. Who is next? Google? Do we need to bring back mini options with all of these high-priced stocks? The crude rally continues. Odd Block: TSLA Options Tracker: Guess what the number one position in Tesla is right now? Calls trade in Taubman Centers (TCO). Strategy Block: Mike discusses his SPY diagonal sp...