OB 853: Mysterious Puts and Infinite Covered Calls

OB 853: Mysterious Puts and Infinite Covered Calls

HOST:  MARK LONGO, THE OPTIONS INSIDER CO-HOST: ANDREW GIOVINAZZI, OPTION PIT CO-HOST:  MIKE TOSAW, ST. CHARLES WEALTH MANAGEMENT FIDELITY HOT SEAT:  Colin Songer, Active Trader Strategy Desk 

TRADING BLOCK SEGMENT

TRADE WAR OPTIMISM CONTINUES TO BOOST MARKET VIX 12.4 - DOWN .5 VVIX: 89 - UP 1 FROM LAST SHOW VXX: 19 - UNCHD FROM LAST  MOST ACTIVE INDICES MOST ACTIVE EQUITY OPTIONS 

OTHER TRADING BLOCK DISCUSSION TOPICS

Monday - Uber, Shake Shack, Hertz, Marriott, Groupon Tuesday - Chesapeake Energy, Allergan, Tapestry, Weight Watchers, Match Wednesday -   CVS Health, Roku, Qualcomm, fitbit, Wynn Thursday - Teva, Cardinal Health, AMC Entertainment, Walt Disney Company, Activision/Blizzard, Yelp Friday - Duke Energy

ODD BLOCK SEGMENT

MEGA SPRINT CALL LOVE TEVA PUT LOVE KOHL’S CORP PUT LOVE

MAIL BLOCK 

QUESTION FROM deletethisaccount1: I have a quick question for you, if your option contract becomes in the money and worth something can you sell it on friday of expiration? The example is a paper trade i did with sirius xm and had bought 6.5 calls at .07 (x10) and on earnings it was worth .23 (er was on thursday). on paper i sold but it went up another ten cents on friday. Would i have been able to sell that as long as there was a bid? QUESTION FROM NATCH: You guys see the infinite money covered call “glitch” on RobinHood? 

AROUND THE BLOCK

WHAT’S ON YOUR RADAR FOR THE REST OF THE WEEK?  Trade deal, uber post lock up, spx at all time highs, silver and gold will be interesting to watch