Option Block 617: FB and TSLA Earnings Flashback

Trading Block: The Trumpcare bill and French election, how might they affect vol? Tesla: Close - $311, ATM Straddle - $17, approx. 5.5%. Stock off over $20 at the lowest point today, closing off nearly 5%. FB: Close - $151.80, ATM Straddle - $5.63, approx. 3.7% Facebook grew its revenue by 49% during the first three months of the year. Thank you to Steve A for the fan art! Odd Block: Calls trade in Whiting Petroleum Corp (WLL), puts trade in Alerian MLP Index (AMJ) and puts trade in US Silica Holdings Inc (SLCA). Strategy Block: Uncle Mike Tosaw discusses his most recent trades and moves from Monday. Mail Block/Earnings Season Flash Poll: $ZNGA reports earnings today. Stock is trading $2.87. #Options ADV 3K. Do you trade options on cheap stocks? Yes, down to $10 Yes, down to $5 Rarely No, the stock is an Option Around the Block/This Week in the Market May 4: Jobless Claims, International Trade, Factory Orders May 5: Unemployment