Option Block 568: Honking Slingshot Swaps Plus AMZN, GOOGL and TWTR Earnings

The Option Block · Oct 28, 2016 · 1m

Trading Block/Earnings Palooza!

Before the Bell:

TSLA: stock up 1.5%, $12.30 (6%)

AAPL: stock closed $118.25, but dropped nearly $5 the next trading day - now trading around $115, straddle $5.25 (4.5%)

TWTR: ATM straddle - $2.10, approx. 12% - stock nearly unchanged today.

After the Bell:

GOOG: ATM straddle - $39.45, approx. 5%

AMZN: ATM straddle - $50 - approx. 6%

Odd Block: Calls trade in Gilead Sciences Inc (GILD), calls trade in Southwest Airlines Co. (LUV) calls trade in Marathon Petroleum Corp (MPC)

Strategy Block: Uncle Mike Tosaw discusses when you would sell a long-dated option.

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