Option Block 639: Amazon Earnings Umbrage
Trading Block: Amazon rallies 2%. Bezos surpassed Gates ever-so briefly as richest man in the world. Then there was a selloff.
Earnings Flash Poll - $AMZN is up next. ATM Straddle approx. $50 - aka 4.5%. Does a $50 earnings move seem reasonable or crazy to you?
39% - I'll buy that for $50
22% - I'll sell that for $50
28% - Seems Fair to Me
11% - I'm waiting for $AAPL
Odd Block: Call rolls in Dynavax Technologies Corporation (DVAX) and calls trade in JetBlue Airways Corporation (JBLU).
Strategy Block: Uncle Mike Tosaw gives us an update on the silver collar trade and discusses FAZ
Mail Block…
The skinny
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