Option Block 738: Talking VIX, NVDA, WMT, TSLA and More

Trading Block: A look back at the week from a trading perspective VIX briefly back over 14. Earnings: Wednesday - Macy's, Cisco Thursday - Walmart, JD.com, Nordstrom, Nvidia Friday - John Deere Walmart (WMT) had a blowout quarter and shares are surging. Nvidia (NVDA) - ATM straddle: $16.50, approx. 6% Odd Block: Bullish risk reversal in Discovery Communications Inc.  (DISCA) (From 7/19), Well-timed bullish stupid in Cleveland-Cliffs Inc. (CLF) (From 7/16), and earning bet in Interpublic Group of Companies Inc. (IPG) (From 7/16). Strategy Block: Uncle Mike Tosaw discusses bad practices in financial advisors who claim to know options. Mail Block: Options question of the week This week we would like to know more about your level of #options expertise. Quite simply - how would you describe yourself at a dinner party? 12% - Current/Former Pro 21% - Retail Options Wiz 48% - Retail Options Dabbler 19% - Looking to Get Started Around The Block/This Week In the Markets: Aug 16 - Jobless Claims, Housing Starts Aug 17 - Consumer Sentiment