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Trading Block: Volume in non-U.S. trading hours sets a new daily record. Pharma pop on Hillary loss. Earnings After the Bell: - DIS - $95.72, ATM Straddle = $2.70, approx. 3%
- NVDA - $68, ATM Straddle = $5.40, approx. 8%
- JWN - $57.10, ATM Straddle = $4.85, approx. 8.5%
Odd Block: Calls roll in YRC Worldwide Inc (YRC), calls trade in Huntington Bankshares Inc. (HBAN) and calls trade in Financial Select SPDR (XLF) Strategy Block: Uncle Mike Tosaw discusses what to do when you get called away from a covered call. Mail Block/Options #QuestionOfTheWeek: $SPX Weds Weekly straddle says 2% move through election. How much will SPX / $SPY move through Weds 11/9? - Over 3% - crazy move
- Between 2-3% - big move
- Between 1-2% - mild move
- Less than 1% - meh
Comment: - Comment from Bongsong2: Trump win makes America great again.
Around the Block: Checking back on the earnings straddles from the top of the show. Who will be in the Trump cabinet? Funky sector rotation. Will tech buyers show up? |