In which Uncle Mike declares a put tree trade as phenomenally ingenious.?
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Download Option Block 509: Phenomenally Ingenious Tree Trade
Trading Block: The most up-to-date result of our March Madness Poll. Stocks to Watch: Valeant, Tesla, Starwood, Marriott, Markit, IHS. Stocks dip, dollar advances in wake of Fed comments.
Odd Block: Bullish call action in iShares Dow Jones US Homebuilder ETF (ITB), upside call buyer in Kraft Heinz Co. (KHC), and christmas put tree in US Steel Corp (X).
Strategy Block: Uncle Mike Tosaw discusses out-of-the-money call buying.
Mail Block: Listener questions and comments
- Question from Groose – Regarding Eurodollar futures options, are there different quirks between the months?
- Question from Trunghi Nguyen – Hey, hello Options Insider. Big fan of al of your work – listen to your shows all the time. Many Option Blocks ago, (around the Viceroys last show before he left, may have been his last show) he mentioned a past show where the Rock Lobster discussed how to trade a butterfly at expiration, and Alex thought it was pure gold. I cannot recall what type of butterfly trade it was, i.e. standard, iron, or broken wing, but Alex seemed impressed by Andrews explanation. Unfortunately, I have not been able to locate which episode this was aired on. Any chance you can find out and let me know? Love your work – when it comes to Options Insider, I go long.
- Comment from Joseph A. – Good morning Options Insider. Wanted to stop by and say thank you for providing me and many others with a free source of invaluable knowledge. I hope you do not mind, but I shared your page with a couple of trading groups that I am a member of. Thank again – happy trading!
Around the Block: Earnings!
- Tuesday – Nike, Krispy Kreme Donuts
- Wednesday – General Mills
- Thursday – GameStop (after bell), Signet Jewelers (before bell), Cosi (after bell)