They’re back! That’s right it’s earnings season again.
Download Option Block 660: NFLX Kicks off Earnings Season
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%