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Description:
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Trading Block: U.S. stock market Trump rally loses steam. Oil gets left behind in post-Trump rally. Trump presidency raises questions on the future of Wall St. regulation. Odd Block: Calls trade in Canadian Natural Resources LTD (CNQ), calls trade in Financial Select SPDR (XLF) and calls trade in Square Inc (SQ) Mail Block/Options #Question of the Week: $TSLA ($182.50, down 3%, IV30:41, HV30:31) Straddle says $8.20 move (4.5%) by Friday close. How much will $TSLA actually move - In line: ($8-$8.50)
- Beat Straddle: > $8
- Less than Straddle:
- Sick of #Musk / $TSLA
Listener questions: - Question from Moolla - WTF is up with $DRYS? Thing is going nuts - takeover? Lots of calls trading?
- Comment from Burgh83: Can you explain what that means exactly?...thanks, I'm trying to figure options out still. But holding MRO, want to buy more...
Around the Block/Earnings Highlights: - Tuesday - Home Depot, Dick's Sporting Goods
- Wednesday - Lowe's, Target, Cisco
- Thursday - Walmart, Best Buy, Salesforce
- Friday - Foot Locker, Abercrombie & Fitch
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