Option Block 622: Selling Crazy Penny Calls

23/05/2017 1h 3min
Option Block 622: Selling Crazy Penny Calls

Listen "Option Block 622: Selling Crazy Penny Calls"

Episode Synopsis

Trading Block: Earnings highlights include Lowes (Wednesday), Best Buy, Costco, TD Ameritrade, GameStop (Thursday). Odd Block: Calls trade in Pandora Media Inc. (P), calls trade in Energy Transfer Equity LP (ETE) and calls trade in MGM Resorts Int. (MGM). Mail Block: Questions. Comments. More Options Question Of The Week: $VIX =11.20. $VIX June Future = 12.40 $VIX Weekly 11 puts = $.15, Weekly 13 Calls = $.15. What's your trade? Buy 13 Call for $.15 Buy 11 Put for $.15 Sell 13 Call for $.15 Sell 11 Put for $.15 Listener Questions: Question from Game Daydog - Whoo Hooo !! I made the boot camp show!!! He's right.. I did take a bruise, but my position was good. The stock gapped thru my position. Is there an option strategy that offers the most gap-thru protection? Question from Jlers -Best broker for Iron Condors? Around the Block/This Week in the Market: May 23: New Home Sales May 24: Existing Home Sales, FOMC Minutes May 25: Jobless Claims, International Trade May 26: Durable Goods, GDP, Consumer Sentiment

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