Show Info: The Option Block All-Star Panel breaks down the latest developments in the options market, analyzes unusual options activity, explains cutting-edge options strategies, answers listener questions and much more. Whether you're an active options trader or just getting started in the options market, The Option Block will keep you informed and entertained.
Trading Block: Earnings! Netflix, ATM straddle - $15.30, approx. 7.5% Tuesday - IBM Wednesday - Alcoa Thursday - Verizon, PayPal, Etrade Friday - Honeywell, P&G Odd Block: Size upside love in Comcast Corp. (CMCSA), size roll in Alerian MLP (AMLP) and funky ratio vertical/stupid in Himax Technologies, Inc. (HIMX). Mail Block: Options question of the week Earnings Season is almost upon us! What's your favorite way to trade earnings using #Options? Sell Strad./Fly/Condor Buy Strad./Fly/Condor Sell Puts/Put Spreads Buy Calls/ Call Spreads Listener questions and comments: Comment from PeterPan @pierhk - ATM straddle...Buy with ATR>2 Comment from Trader J Rae @traderjrae - Usually a collar or protective put. Everything else held over earnings is a gamble, not a trade. Another options question of the week: Earnings Season is here! Which name do you plan to trade most actively this cycle? Tesla - $TSLA Amazon - $AMZN Apple - $AAPL Alphabet - $GOOGL Comment from Trade With Bulls LLC - $INTC Still more questions: Question from McGillIMontreal: Had a question regarding $GIL and two large 3K 30 strike puts on 10/9 with earnings 11/2. Can you guys explain any rationale around that? Question from Ascentaa - What can happen to the current options being held of KITE which is acquired by GILD and is being delisted Around the Block: GS tomorrow before the bell, ATM straddle - $6.10, approx. 2.5%.
