The Option Block

TRADING BLOCK

Option Pit Summit review

Most active indices: VIX - 242k, SPY - 3.27M, SPX - 1.28M

Most active equity options: AAPL, BAC, TSLA, AMD, NVDA, FB, BABA, PEP, ROKU, BIDU

OCC May volume up 13.1%

Earnings:

Thursday - Beyond Meat, Ciena

ODD BLOCK

Puts trade in Tesla Inc (TSLA)

Call love in Public Storage (PSA)

Call palooza in PG& E Corporation (PCG)

MAIL BLOCK

Live questions from the fans!

Question from Bertim3r - If I register for the archive of the option pit summit will the meatball send me a Gibson's steak in the mail?

Question from Ali - What's the best time zone to buy protection on a stock?

AROUND THE BLOCK

This Week in the Market:

Jun 6 - Productivity and Costs

Jun 7 - Unemployment

TRADING BLOCK

VIX : 17.5, VVIX: 92

Here are the top five things you need to know in financial markets on Monday, June 3:

1. Risk aversion escalates amid trade threats

2. Global manufacturing in contraction ahead of U.S. ISM

3. Apple preps for WWDC

4. Boeing warns of defective parts

5. Google slumps after network congestion caused outage

Earnings

Monday - Box

Tuesday - GameStop, salesforce

Wednesday - Stitch Fix, Campbell Soup Company, Vera Bradley, ABM

Thursday - Beyond Meat, Ciena

ODD BLOCK

Puts list in (GES)

Call love in (DOCU)

Below bid puts in Tallgrass Energy Lp (TGE)

STRATEGY BLOCK

Trey discusses lower cost alternatives when hedging

AROUND THE BLOCK

TRADING BLOCK

Trade war premium was fleeting.

Most active indices - VIX: 187k, SPY: 1.23M, SPX: 515k

Most active equity options - AAPL, JCI, BAC, TSLA, AMD, NIO, X, SNAP, AMZN, BYND

Earnings:

Tuesday - Momo

Wednesday - Dick's Sporting Goods, Abercrombie & Fitch

Thursday - Uber, Costco & Gap (after bell), Dollar General, Dollar Tree, Burlington, Express (before bell)

Friday - Big Lots

ODD BLOCK

Puts trade in (FOLD)

Hedging in (STLD)

Call love in (HON) - from 4/18

MAIL BLOCK

Question from Mark Brant - What is the Meatball trading right now?

Question from Khan 9 - Is there such a thing as a stock being too cheap to trade options on it?

AROUND THE BLOCK

This Week in the Market:

May 31 - Personal Income, Consumer Sentiment

TRADING BLOCK

Lots of Tesla put love this week.

Most active indices - VIX: 211k, SPY: 1.75M, SPX: 672k

Most active equity options - TSLA, AAPL, BABA, GE, BAC, HAL, AMD, QCOM, AMZN, FB

Earning:

Tuesday - Home Depot, JCPenney, Kohl's, Nordstrom

Wednesday - Target, Lowe's

Thursday - Best Buy

Friday - Foot Locker

ODD BLOCK

Call love in Golar LNG Limited (GLNG)

Call love in Danbury Resources Inc (DNR)

Long-term puts in Washington Prime Group Inc (WPG)

MAIL BLOCK

#QOTW: In honor of #GameOfThronesFinale we'll have a special edition of our #options #QuestionOfTheWeek. If you could have bought calls on one character to win the #IronThrone - who would it have been? Quite simply - who did you want to end up on the #IronThrone

- Tyrion Lannister

- Jon Snow

- Daenerys Targaryen

- Arya Stark

Question from a Fidelity Customer - Can I trade options to play an interest rate cut/hike? Question from Grey - You want to sell those $AAPL $150 puts now?

AROUND THE BLOCK

Pinterest has first earnings today after bell since going public - $PINS

2 big reports after the bell today $NVDA & $AMAT

TRADING BLOCK

Trade war premium was fleeting.

Most active indices - VIX - 238k, SPY - 1.15M, SPX - 450k

Most active equity options - AAPL, TSLA, BABA, T, AMD, S, MU, QCOM, BAC, FB

Option Pit stock of the day - NVDA

Earnings:

Tuesday - Home Depot, JCPenney, Kohl's, Nordstrom

Wednesday - Target, Lowe's

Thursday - Best Buy

Friday - Foot Locker

ODD BLOCK

Puts trading in Kroger Co (KR)

Call love in Beazer Homes USA, Inc. (BZH)

Rolling calls in Fifth Third Bancorp (FITB)

STRATEGY BLOCK

Uncle Mike Tosaw discusses options strategy.

MAIL BLOCK

#QOTW: In honor of #GameOfThronesFinale we'll have a special edition of our #options #QuestionOfTheWeek. If you could have bought calls on one character to win the #IronThrone - who would it have been? Quite simply - who did you want to end up on the #IronThrone

- Tyrion Lannister

- Jon Snow

- Daenerys Targaryen

- Arya Stark

AROUND THE BLOCK

TRADING BLOCK

Trade war premium was fleeting.

The bulls are back in town.

Most active indices - VIX: 577k, SPY: 1.51M, SPX: 629k

Most active equity options - AAPL, AMZN, BABA, AMD, CSCO, MSFT, NVDA, FB, WMT, MU

Uber struggling post IPO

ODD BLOCK

Call love in ServiceNow Inc. (NOW)

Line-in-the-sand puts in TransDigm Group Incorporated (TDG)

Put love in Qurate Retail Inc (QRTEA)

MAIL BLOCK

Comment from Tim Alfred - Love your show !! Keep up the good work Mark!

Question from L78er - What is your preferred delta and duration for stock replacement?

AROUND THE BLOCK

This week in the market:

May 16 - Jobless Claims, Housing Starts

May 17 - Consumer Sentiment

TRADING BLOCK

Trade war premium is back

VIX : 20.6 - 1.5-points lower than last show

VVIX: Back up to 106 Most active indices - VIX: 764k, SPY: 1.9M, SPX: 776k

Most active equity options - AAPL, AMD, TSLA, BAC, BABA, FB, NFLX, AMZN, NVDA, MSFT

UBER struggles post IPO

ODD BLOCK

Call love in PagSeguro Digital Ltd (PAGS) - from 3/25

Call palooza in Mylan NV (MYL)

Call overwrite in Cummins Inc (CMI)

STRATEGY BLOCK

Uncle Mike Tosaw discusses the advantages and disadvantages when buying and selling options

AROUND THE BLOCK

This week in the market:

May 14 - Import and Export Prices May 15 - Retail Sales, Industrial Production, Business Inventories May 16 - Jobless Claims, Housing Starts May 17 - Consumer Sentiment

TRADING BLOCK

Trade war premium is back

Most active indices - VIX: 564k, SPY: 2.16M, SPX: 825k

Most active equity options - AAPL, INTC, DIS, AMD, ROKU, FB, BABA, BAC, TSLA, AMZN

Uber IPO pricing at the middle of its range.

Earnings Highlights

Friday: JD.com (JD), Marriott International (MAR), Tribune Media (TRCO), Viacom (VIAB) before market open

Uber IPO on Friday, May 10.

ODD BLOCK

Lits puts in Apple Inc (AAPL) - from 3-21

Put love in Barclays PLC (BCS)

Put love in Nordstrom, Inc. (JWN)

MAIL BLOCK

#Options #QOTW - Looks like the #TradeWar premium is back in effect. $VIX is back over 22. Our question this week is will this premium last? Quite simply - where will $VIX close NEXT Friday 5/17?

Here: 21-23

Higher: >23

Lower: 19-21

Still Lower:

Question from KO - You guys buying this $VIX pop here?

Question from Tela - Question for Fidelity Hot Seat host - does Fidelity offer zero commissions when closing out short option trades below $.10?

AROUND THE BLOCK

This week in the market:

May 9: Jobless Claims, International Trade, PPI

May 10: CPI, Treasury Budget

TRADING BLOCK

Big earnings week ahead.

Highlights:

Monday: Tyson Foods (TSN) before market open; Hertz (HTZ) after market close

Tuesday: Allergan (AGN), Anheuser-Busch Inbev (BUD), Crocs (CROX), Mylan (MYL), Regeneron (REGN) before market open; Electronic Arts (EA), Lyft (LYFT), Match Group (MTCH), Papa John's (PZZA), TripAdvisor (TRIP), Wingstop (WING) after market close

Wednesday: Chesapeake Energy (CHK), Coty (COTY), Honda Motor (HMC), Wendy's (WEN) before market open; ANGI Homeservices (ANGI), Etsy (ETSY), IAC/InterActiveCorp (IAC), Roku (ROKU), Disney (DIS) after market close

Thursday: Cronos Group (CRON), Norwegian Cruise Line (NCLH) before market open; Booking Holdings (BKNG), Dropbox (DBX), GoPro (GPRO), Sonos (SONO), Yelp (YELP), Zillow (ZG) after market close

Friday: JD.com (JD), Marriott International (MAR), Tribune Media (TRCO), Viacom (VIAB) before market open

Uber IPO on Friday, May 10.

ODD BLOCK

Size paper in Walt Disney Co (DIS)

Call overwrite in Iqvia Holdings Inc (IQV)

Put sale in 3D Systems Corporation (DDD)

STRATEGY BLOCK

Uncle Mike Tosaw discusses the advantages and disadvantages of getting out before your target fill.

MAIL BLOCK

#Options #QOTW - #EarningsSeason continues to rock and roll. Many big names are on the docket this week including $GOOGL, $APPL, $GE, $MCD and many more. Which of these big names are you most excited to trade in your #Options portfolio this week?

- GE

- AAPL

- GOOGL

- MCD

Question from Son Of Algos - Do you have Spock look-a-likes?

Question from Bluz - Does Tosaw do long term collars on more than just silver?

AROUND THE BLOCK

This Week in the Market

May 7: JOLTS

May 9: Jobless Claims, International Trade, PPI May 10: CPI, Treasury Budget

INTERVIEW BLOCK

Guest: Greg Stevens, Vice President - Fidelity Investments

MAIL BLOCK

Question from Mart03 - What is the cheapest way to buy a put?

Question from Flyer - What are some of the best ways to trade put options?

Question from Lincan - My go to options strategy is to sell covered puts on stocks that I want to buy then get paid to wait. If the stock comes my way I eventually trade out of it using a covered call. What do you think? Savvy or stupid?