Option Block 621: Stumping The RockLobster With Vertical Spreads
Trading Block: Still in earnings season. Yesterday: Target, Cisco. Today: Alibaba, Walmart, Gap.
GAP (GPS) - $23.13, ATM Straddle: $1.85, approx. 8%
BABA - $120.72, ATM Straddle $6, approx. 5%
Dow moves higher amid Trump fears following worst drop of year
The Volatility Buyer Known as '50 Cent' Just Had a Huge Payday
Odd Block: Calls trade in Pandora Media Inc (P), calls trade in SBA Communications Corp (SBA) and calls trade in Kimberly Clark Corp (KMB)
Strategy Block: Mike discusses his adjustment in his silver collar.
Mail Block/Options question of the week:
There are still a lot of big…
The skinny
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