Option Block 717: The Dangerous Art of Buying OTM Calls

Trading Block: Earnings! Tuesday - Kohl's Wednesday - Lowe's, Target Thursday - Best Buy Friday - Foot Locker Intuit - $191.30, ATM Straddle: $11, approx. 5.7% Odd Block: Call palooza in PayPal Holdings Inc. (PYPL). Rolling calls in Union Pacific Corporation (UNP). Cheapie calls in Northern Oil & Gas, Inc. (NOG) Strategy Block: Uncle Mike Tosaw discusses how to profitably buy OTM calls Around the Block/Economic Reports: May 23 - New Home Sales, FOMC Minutes May 24 - Jobless Claims, Existing Home Sales May 25 - Durable Goods, Consumer Sentiment If you are interested in what the Federal Reserve has to say or has been saying, this is the week for you. Not only are the notes from the last meeting going to be released on Wednesday, several Fed presidents will be talking this week including three on Monday and on Friday.