This episode was originally posted on August 29th, 2017
Listen to?Best of Option Block 648: Everyone Loves Cheap Lottery Tickets
Trading Block: A quiet day in the market.
Odd Block: Ratio put spread in Expedia Inc. (EXPE), ratio risk reversal in Dollar General Corp. (DG), and put-palooza in Pure Storage Inc. (PSTG).
Mail Block: Options Question of the Week
Look at #MayweatherMcGregor as #Options traders. @TheNotoriousMMA calls cost $1, pay $3. #Floyd calls cost $4, pay $1. Your trade?
- 30% – Buy #Connor Calls?
- 32% – Buy #Floyd Calls?
- 16% – I’d rather sell premium
- 22 – Whoever Wins We Love
Listener questions:
- Question from Allan8 – Did Mark cash any calls on Floyd?
- Question from LAXX – Is it me or do the Vegas odds makers do a very similar job to options market makers?
Another Options Question of the Week:
Let’s get cheap! If you had to buy “lottery ticket” December calls for $.05 in one name – which would you choose? #HomeRun
- AMZN
- AAPL
- Tesla
- VIX
MORE listener questions:
- Comment from The_Quantum_Revloution – Which options are trading at $0.05 though that’s the question?
- Comment from Randy Wright – AAPL, and I just might join you.
- Question from NTT – Can you clarify the question from last show. Was that SPX put-call spread guy asking about selling OTM calls vs. OTM puts or same strike?
- Comment from Dennis Lyrintzis – Wow over 15,000 Jan 55 calls bought for AAL. Thanks for the Alert.
- Question from ReallyG? – Love your #podcasts! Question: market profile displays limit orders. Is there a service that displays stop orders? Just wondering
- Question from KBX32: What is the cheapest way to hedge my portfolio w options?
Around the Block: Upcoming Earnings LULU (8/31)