Preview Mode Links will not work in preview mode

The Option Block


The Option Block All-Star Panel breaks down the latest developments in the options market, analyzes unusual options activity, explains cutting-edge options strategies, answers listener questions and much more. Whether you're an active options trader or just getting started in the options market, The Option Block will keep you informed and entertained.

Nov 8, 2019

OB 853: Mysterious Puts and Infinite Covered Calls

  • HOST:  MARK LONGO, THE OPTIONS INSIDER
  • CO-HOST: ANDREW GIOVINAZZI, OPTION PIT
  • CO-HOST:  MIKE TOSAW, ST. CHARLES WEALTH MANAGEMENT
  • FIDELITY HOT SEAT:  Colin Songer, Active Trader Strategy Desk 

TRADING BLOCK SEGMENT

  • TRADE WAR OPTIMISM CONTINUES TO BOOST MARKET
  • VIX 12.4 - DOWN .5
  • VVIX: 89 - UP 1 FROM LAST SHOW
  • VXX: 19 - UNCHD FROM LAST 
  • MOST ACTIVE INDICES
  • MOST ACTIVE EQUITY OPTIONS 

OTHER TRADING BLOCK DISCUSSION TOPICS

  • Monday - Uber, Shake Shack, Hertz, Marriott, Groupon
  • Tuesday - Chesapeake Energy, Allergan, Tapestry, Weight Watchers, Match
  • Wednesday -   CVS Health, Roku, Qualcomm, fitbit, Wynn
  • Thursday - Teva, Cardinal Health, AMC Entertainment, Walt Disney Company, Activision/Blizzard, Yelp
  • Friday - Duke Energy

ODD BLOCK SEGMENT

  • MEGA SPRINT CALL LOVE
  • TEVA PUT LOVE
  • KOHL’S CORP PUT LOVE


MAIL BLOCK 

  • QUESTION FROM deletethisaccount1: I have a quick question for you, if your option contract becomes in the money and worth something can you sell it on friday of expiration? The example is a paper trade i did with sirius xm and had bought 6.5 calls at .07 (x10) and on earnings it was worth .23 (er was on thursday). on paper i sold but it went up another ten cents on friday. Would i have been able to sell that as long as there was a bid?
  • QUESTION FROM NATCH: You guys see the infinite money covered call “glitch” on RobinHood? 

AROUND THE BLOCK

  • WHAT’S ON YOUR RADAR FOR THE REST OF THE WEEK?  Trade deal, uber post lock up, spx at all time highs, silver and gold will be interesting to watch