What a Week

Election madness rules the markets

Whether you're elated over the outcome of the election, or are packing your bags and heading up to Canada, we can all agree that it was quite a week. The markets agreed. Here is all the radio coverage from the Options Insider related to the election, including TWO special episodes of Volatility Views from election night.

Option Block 571: TSLA Puts and Election Volatility

Trading Block: Dow soars 300 points after FBI clears Clinton again. Are certain volatility funds raising election risk for the stock market? Earnings today after the bell

• Fogo de Chao
• Hertz Global Holdings
• Marriott International - ATM Straddle = $2.75, approx. 4%
• The Priceline Group - ATM Straddle = $82, approx. 5.5%

Odd Block: Calls trade in SPDR KBW Bank ETF (KBE), calls and puts trade in iShares MSCI Mexico Fund (EWW) and puts trade in Marathon Oil Company (MRO)

Mail Block/Options #QuestionOfTheWeek:

$SPX Weds Weekly straddle says 2% move through election. How much will SPX / $SPY move through Weds 11/9?

• Over 3% - crazy move
• Between 2-3% - big move
• Between 1-2% - mild move
• Less than 1% - "meh"

Listener questions:

• Question from RKintz - What do you think of out of the money puts on PBR? I noticed heavy buying across several expires the last few weeks (possibly speculation of prolonged glut in oil supply)
• Question from Real RK - What do you think of being long a little less than one standard deviation puts OTM for Jan in everyone's favorite hyperbolic name Tesla?

Around the Block/Earning Highlights This Week:

• Tuesday - Valeant, CVS Health
• Wednesday - Valeant, Mylan, Shake Shack, Macys
• Thursday - The Walt Disney Company, Nvidia, Kohl's, Nordstrom
• Friday – JCPenney

Volatility Views Election Special

Do you want a Volatility Views looking at election volatility in real time? Well, Mark, Russell and the greasy meatball got together and did just that.

Volatility Views Election Special Part Two: Volatility After Dark

The resurgence of Donald Trump in the U.S. election is weighing heavily on markets around the globe. We break down the historic action in VIX, Dow, SPX and more live on this special late-night episode of Volatility Views.

Option Block 572: Post-Election Market Madness

Trading Block: Volume in non-U.S. trading hours sets a new daily record. Pharma pop on Hillary loss.

Earnings after the Bell:

• DIS - $95.72, ATM Straddle = $2.70, approx. 3%
• NVDA - $68, ATM Straddle = $5.40, approx. 8%
• JWN - $57.10, ATM Straddle = $4.85, approx. 8.5%

Odd Block: Calls roll in YRC Worldwide Inc. (YRC), calls trade in Huntington Bancshares Inc. (HBAN) and calls trade in Financial Select SPDR (XLF)

Strategy Block: Uncle Mike Tosaw discusses what to do when you get called away from a covered call.

Mail Block/Options #QuestionOfTheWeek:

$SPX Weds Weekly straddle says 2% move through election. How much will SPX / $SPY move through Weds 11/9?

• Over 3% - crazy move
• Between 2-3% - big move
• Between 1-2% - mild move
• Less than 1% - meh

Comment:

• Comment from Bongsong2: Trump win makes America great again.

Around the Block: Checking back on the earnings straddles from the top of the show. Who will be in the Trump cabinet? Funky sector rotation. Will tech buyers show up?

 

Options Insider Radio Network Live Recordings

Do you want to be a part of the fun?

Here are the LIVE shows for this week:

All of these recordings can be accessed at http://mixlr.com/options-insider/

 

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