Option Block 573: Tesla Tailspin and Dubious DRYS

Trading Block: U.S. stock market Trump rally loses steam. Oil gets left behind in post-Trump rally. Trump presidency raises questions on the future of Wall St. regulation. Odd Block: Calls trade in Canadian Natural Resources LTD (CNQ), calls trade in Financial Select SPDR (XLF) and calls trade in Square Inc (SQ) Mail Block/Options #Question of the Week: $TSLA ($182.50, down 3%, IV30:41, HV30:31) Straddle says $8.20 move (4.5%) by Friday close. How much will $TSLA actually move In line: ($8-$8.50) Beat Straddle: > $8 Less than Straddle: Sick of #Musk / $TSLA Listener questions: Question from Moolla - WTF is up with $DRYS? Thing is going nuts - takeover? Lots of calls trading? Comment from Burgh83: Can you explain what that means exactly?...thanks, I'm trying to figure options out still. But holding MRO, want to buy more... Around the Block/Earnings Highlights: Tuesday - Home Depot, Dick's Sporting Goods Wednesday - Lowe's, Target, Cisco Thursday - Walmart, Best Buy, Salesforce Friday - Foot Locker, Abercrombie & Fitch