So much earnings! Plus, the crapulence in crude.
Download Option Block 517: Mega Earnings Spectacular: GOOG, MSFT, SBUX and More
Trading Block: Earnings!
- Thursday – (Before the Bell): General Motors Company, Southwest Airlines, Under Armour, Verizon Communications; (After the Bell): Microsoft, Alphabet Inc., E*Trade Financial Company, Starbucks Corporation, Visa Inc.
- MSFT – $56, ATM Straddle $2.37 – approx. 4.2%
- GOOG – $756.40, ATM Straddle $41.50 – approx. 5.5%
- SBUX – $60.77, ATM Straddle $2.25 – approx. 3.7%
Odd Block: Call spread buyers in Marathon Petroleum Corp (MRO), call buying in Tronox Ltd (TROX), and paper buying in Kilroy Realty Corp (KRC)
Mail Block: Listener questions and comments
- Question from Nick C.?- Heard any chatter about CME or CBOE leaving Chicago?
- Question from Bob?- Is the options market the most transparent financial marketplace?
- Question from Willy?- What does the Option Block crew think of the TOS platform? Do you like it for pricing volatility and analyzing the Greeks?
Around the Block: Earnings on Friday – American Airlines, Caterpillar, General Electric Company, Honeywell International, Kimberly-Clark Corporation, McDonald?s Corporation.
This Week in the Market:
- Monday – National Association of Home Builders’ Housing Market Index
- Tuesday – Commerce Department releases new figures
- Wednesday – National Association of Realtors existing home sales data
- Thursday – Weekly jobless claims from the Labor Department