Uncle Mike and the Rock Lobster are unimpressed with the idea of the Dow at 20,000
Download Option Block 583: Dow 20,000?
Trading Block: Gold, the Fed and volatility on this last episode before the holiday weekend.
Odd Block: Calls trade in Globalstar, Inc. (GSAT), calls roll in Michael Kors Holdings, Ltd (KORS) and call buyers in Eldorado Gold Corp (EGO)
Strategy Block: Uncle Mike Tosaw discusses the strategy of “boxing off”
Mail Block: Options question of the week, listener questions and comments
#QuestionOfTheWeek: Major market indices are pushing record highs. Everyone has protection on the brain. How do you protect your portfolio?
- Just Move to Cash/Bonds
- Protective ATM/OTM Put
- Put Spread/Ratio Put Spread
- Collar or Collar with a Kicker
- Question from Yukoner – Are covered calls still a viable strategy in a 401k these days?
- Question from Trader Taz1 – Do you have a broker recommendation for someone who is new to options? Maybe with a cash account, since I do not want to do margin?
Around the Block: Not much happening in the last week of the year.