Option Block 584: Winter in Chicago - Close Your Shorts

Trading Block: A look back at the year 2016 in the options market. An overview of Lightspeed Trading with guest co-host Kevin Ott. Oil falls for the first time in nine days as U.S. crude supplies climb. Odd Block: Calls trade in Moblieye NV (MBLY), calls roll in Jetblue Corp (JBLU), puts trade in Kinross Gold (KGC). Strategy Block: Uncle Mike Tosaw discusses 1256 contracts Mail Block: Listener questions and comments Question from Trader Taz1 - Do you have a broker recommendation for someone who is new to options? Maybe with a cash account since I do not want to do margin? Question from Yukoner - Are covered calls still a viable strategy in a 401k these days? Question from JLN84 - I bought a call on a major equity that is now in-the-money. What is my next step? Do I need to do something to get the stock? Around the Block/This Week in the Market: Will be a lighter trading week as many traders and investors will be taking the week off because of the holidays. There are a couple of economic reports worth noting listed below. Happy New Year! Dec 27: Consumer Confidence Dec 28: Pending Home Sales Dec 29: Jobless Claims Dec 29: International Trade