Listen "Option Block 745: Reefer Madness"
Episode Synopsis
Trading Block: Earnings and major moves Oracle Corporation (ORCL) after the bell - $49.25, ATM straddle: $2.75, approx. 5.5% FedEx Corporation (FDX) after the bell - $255.25, ATM straddle: $8.50, approx. 3.3% Reefer madness hits the options markets as cannabis shares continue to climb. $TLRY $CORE $MJ Odd Block: Tesla Inc. (TSLA) put summary, call love in KKR & Co Inc. (KKR), put love in Meet Group Inc. (MEET) and call love in Delek US Holdings Inc. (DK). Mail Block: Options question of the week Some people look to analysts for their market outlook. We prefer to analyze actual #options positions. This week we're looking at $SPY. In a nutshell - what do you think is the largest #options position in $SPY right now? No cheating - what does your gut tell you? SPY Mar 255.0 P SPY Oct 272.0 P SPY Dec 31st 320.0 C SPY Sep 300.0 C Listener questions and comments: Question from Gallion - I need an income trade that produces about 7-8% per year, what should I be looking at? Question from Salsot - Pennies! Did they help or hurt options? Around the Block/This Week in the Markets Sep 20: Jobless Claims, Existing Home Sales, Fed Balance Sheet
ZARZA We are Zarza, the prestigious firm behind major projects in information technology.