Option Block 454: Why the Heck Are You Closing?
Trading Block: Stocks getting crushed post-earnings.
Disney - stock closed @ $121 prior to earnings on 8/4. ATM straddle $4.10 or 3.4%. Stock off over 10% in the past two days - off 2% today.
Tesla - stock $270 prior to earnings. ATM straddle $22.25 or 8.2%. Down 28 handles, over 10% today.
A massive sell-off is underway in media stocks, and Viacom is by far the biggest loser.
Odd Block: Calls trade in Allscripts Healthcare Solutions (MDRX), puts trade in Noble Corp. (NE), and calls trade in SPDR S7P Oil and Gas (XOP)
Mail Block: Listener questions and comments
Question from RJR357 - On the…
The skinny
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