Today we’re taking about the AMZN spinoff and taking control of the wheel

Listen to Option Block 744: AMZN Spinoff, plus Mastering the Wheel

Trading Block: Trade war concerns are renewed as Trump keeps turning up the rhetoric. $AMZN in Chicago! A new Amazon Go store opens down the street from our studio – the first outside of Seattle. Amazon spinoff AWS heats up. FedEx (FDX) – $255.23, ATM straddle: $8.50 approx. 3.3%. Oracle (ORCL) – $49.25, ATM straddle: $2.75 approx. 5.5%.

Odd Block: Call love in Cigna Corporation (CI), calls trade in Bed Bath & Beyond Inc. (BBBY), and call love in Antero Resources Corp (AR).

Strategy Block: Uncle Mike Tosaw discusses how to trade the Wheel strategy.

Mail Block: Listener questions and comments

  • Question from Liznder -If you had to start over with learning about and trading options what would you do differently?
  • Question from Tamavil – Does it make sense for an active trader to become a member of the exchanges anymore or are those days gone?

Around the Block/This Week in the Markets:

  • Sep 18: Treasury International Capital
  • Sep 19: Housing Starts
  • Sep 20: Jobless Claims, Existing Home Sales, Fed Balance Sheet