Today’s pearl of wisdom: don’t sell options for $0.10.
Download Option Block 535: The Brexit Maelstrom
Trading Block: Brexit provides a review of pitfalls for options and futures traders. Oil extends decline as Brexit fallout spurs market volatility. Could the Fed potentially reverse course and cut rates?
Odd Block: Calls trade in Crown Castle Inter. (CCI), puts trade in Starbucks Corporation (SBUX)
Strategy Block: Uncle Mike Tosaw discusses how to select the correct collar size.
Listener Mail: Listener questions and comments
- Question from David Shanabrook: Can you check the $AAPL weekly options for this week? ?Huge open interest (put and call) at $100, $105 accelerated repurchase by Apple? ?What is the effect?
Around the Block: Earnings!
- Tuesday: Nike, Inc.
- Wednesday: General Mills, Monsanto Company, Pier1 Imports
- Thursday: ConAgra Foods