Ain’t no party like a palooza party because a palooza party don’t stop.

Listen to Option Block 713: More Mystery Option Paloozas

Trading Block: What’s moving the options market?

  • Options Volume for April: OCC announced that total cleared contract volume in April reached 405,853,179 contracts, a 27% increase from April 2017 volume of 320,547,848 contracts and marking the highest April on record.

Earnings!

  • Tuesday – The Walt Disney Company
  • Thursday – Nvidia

Odd Block:
Bullish paper opening in Coty Inc. (COTY).
Rolling calls in Marathon Oil Corporation (MRO).
Near ATM earnings calls in Amicus Therapeutics, Inc. (FOLD).

Strategy Block:
Uncle Mike Tosaw discusses when it might be better to use verticals or diagonal/calendars.

Around the Block/Economic Reports:

  • May 8: JOLTS
  • May 9: PPI
  • May 10: Jobless Claims, Consumer Price Index, Treasury Budget
  • May 11: Import and Export Prices, Consumer Sentiment