Amazon has the capacity to cause umbrage all the time, but during earnings, even more so.
Download Option Block 639: Amazon Earnings Umbrage
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 Dynavax Technologies Corporation (DVAX) and calls trade in JetBlue Airways Corporation (JBLU).
Strategy Block: Uncle Mike Tosaw gives us an update on the silver collar trade and discusses FAZ
Mail Block: Listner questions and comments
Tons of people giving us crap for not knowing the handle of our listener from the last show.
- Comment from John King – Dude, Louis Wintrhope III. You must be overdue for a live cast Trading Places party – on a trading floor, of course.
- Question from USA Patriot -?What is ADV? the cheapest way to hedge my portfolio w options?
Around the Block/This Week in the Market:
- Jul 28: GDP, Consumer Sentiment
- Jul 28: ExxonMobil, AA