What the heck is DRYS and why should you care?
Download Option Block 573: Tesla Tailspin and Dubious DRYS
Trading Block: U.S. stock market Trump rally loses steam. Oil gets left behind in post-Trump rally. Trump presidency raises questions on the future of Wall St. regulation.
Odd Block: Calls trade in Canadian Natural Resources LTD (CNQ), calls trade in Financial Select SPDR (XLF) and calls trade in Square Inc (SQ)
Mail Block/Options #Question of the Week:
$TSLA ($182.50, down 3%, IV30:41, HV30:31) Straddle says $8.20 move (4.5%) by Friday close. How much will $TSLA actually move
- In line: ($8-$8.50)
- Beat Straddle: > $8
- Less than Straddle: < $8]
- Sick of #Musk / $TSLA
Listener questions:
- Question from Moolla – WTF is up with $DRYS? Thing is going nuts – takeover? Lots of calls trading?
- Comment from Burgh83:?Can you explain what that means exactly?…thanks, I’m trying to figure options out still. But holding MRO, want to buy more…
Around the Block/Earnings Highlights:
- Tuesday – Home Depot, Dick?s Sporting Goods
- Wednesday – Lowe?s, Target, Cisco
- Thursday – Walmart, Best Buy, Salesforce
- Friday – Foot Locker, Abercrombie & Fitch