OPR 326: Going Diagonal in HD

OPR 326: Going Diagonal in HD

On this episode, Brian first looks at last week’s trade, which was selling a put to buy a long call spread in Walmart (Stock Ticker: WMT). He called this a fear of missing out (FOMO) trade around earnings. Then he discusses this week’s trade of buying a diagonal call spread in Home Depot (Stock Ticker: HD) going into earnings.

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Option Block 925: Crazy Collars and Rolling Diagonals

Option Block 925: Crazy Collars and Rolling Diagonals

“If you had told me back in March that we would be back near all-time highs in SPX by August I would have assumed that we’d have found a cure for covid. That’s not the case but we’re still in rally mode. I’ve never been more cautious than I am right now.” – Mike Tosaw on this episode of The Option Block.

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