OB 853: Mysterious Puts and Infinite Covered Calls

  • HOST:  MARK LONGO, THE OPTIONS INSIDER
  • CO-HOST: ANDREW GIOVINAZZI, OPTION PIT
  • CO-HOST:  MIKE TOSAW, ST. CHARLES WEALTH MANAGEMENT
  • FIDELITY HOT SEAT:  Colin Songer, Active Trader Strategy Desk

TRADING BLOCK SEGMENT

  • TRADE WAR OPTIMISM CONTINUES TO BOOST MARKET
  • VIX 12.4 – DOWN .5
  • VVIX: 89 – UP 1 FROM LAST SHOW
  • VXX: 19 – UNCHD FROM LAST
  • MOST ACTIVE INDICES
  • MOST ACTIVE EQUITY OPTIONS

OTHER TRADING BLOCK DISCUSSION TOPICS

  • Monday – Uber, Shake Shack, Hertz, Marriott, Groupon
  • Tuesday – Chesapeake Energy, Allergan, Tapestry, Weight Watchers, Match
  • Wednesday –   CVS Health, Roku, Qualcomm, fitbit, Wynn
  • Thursday – Teva, Cardinal Health, AMC Entertainment, Walt Disney Company, Activision/Blizzard, Yelp
  • Friday – Duke Energy

ODD BLOCK SEGMENT

  • MEGA SPRINT CALL LOVE
  • TEVA PUT LOVE
  • KOHL’S CORP PUT LOVE

MAIL BLOCK 

  • QUESTION FROM deletethisaccount1: I have a quick question for you, if your option contract becomes in the money and worth something can you sell it on friday of expiration? The example is a paper trade i did with sirius xm and had bought 6.5 calls at .07 (x10) and on earnings it was worth .23 (er was on thursday). on paper i sold but it went up another ten cents on friday. Would i have been able to sell that as long as there was a bid?
  • QUESTION FROM NATCH: You guys see the infinite money covered call “glitch” on RobinHood?

AROUND THE BLOCK

  • WHAT’S ON YOUR RADAR FOR THE REST OF THE WEEK?  Trade deal, uber post lock up, spx at all time highs, silver and gold will be interesting to watch

 

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