Option Block 616: AAPL Earnings Preview Plus More Stupids

The Option Block · May 2, 2017 · 1h 1m

Trading Block: Green on the screen for the NASDAQ. Looking ahead to AAPL earnings. CNBC's Mr. Wonderful is loving AAPL right now. OCC cleared contract volume down 6% year over year.

Odd Block: Review of MGM time stupid from last week, puts trade in NBR, calls trade in CBI, and put buyers in NBL.

Mail Block/Options Question of the Week:

#Earnings #PopQuiz - $AAPL $146.50, #Weekly strad. $5 (3.5%). IV30 = 21%, Weekly 155 Call= $.27, 138 Put = $.27 Would you rather?

Buy Straddle/Iron Fly

Sell Straddle/Iron Fly

Buy Call

Buy Put

Listener questions and comments:

Question from Ron: I hear you…