Don’t overtrade. Don’t overthink. Close your shorts.
Download Option Block 584: Winter in Chicago – Close Your Shorts
Trading Block: A look back at the year 2016 in the options market. An overview of Lightspeed Trading with guest co-host Kevin Ott. Oil falls for the first time in nine days as U.S. crude supplies climb.
Odd Block: Calls trade in Moblieye NV (MBLY), calls roll in Jetblue Corp (JBLU), puts trade in Kinross Gold (KGC).
Strategy Block: Uncle Mike Tosaw discusses 1256 contracts
Mail Block: Listener questions and comments
- Question from Trader Taz1 – Do you have a broker recommendation for someone who is new to options? Maybe with a cash account since I do not want to do margin?
- Question from Yukoner – Are covered calls still a viable strategy in a 401k these days?
- Question from JLN84 -?I bought a call on a major equity that is now in-the-money. What is my next step? Do I need to do something to get the stock?
Around the Block/This Week in the Market:
Will be a lighter trading week as many traders and investors will be taking the week off because of the holidays. There are a couple of economic reports worth noting listed below. Happy New Year!
- Dec 27: Consumer Confidence
- Dec 28: Pending Home Sales
- Dec 29: Jobless Claims
- Dec 29: International Trade