Why are Puts More Expensive than Calls? [TradeHacker Update]

NavigationTrading May 4, 2020 Options TradeHacks

Check out today's TradeHacker Update!

Here's what we'll cover in today's update:
• Why are Puts more expensive than Calls?
• Which companies announce earnings this week?
• How we are playing earnings trades

Watch our video below for full details!

Want access to all of our trade alerts & V.I.P. course training? Click below to learn more!

14 Day Trial

.single-post .entry-content h2{margin:0 0 20px;}.single-post .entry-content h3{text-decoration:underline;color:#676565;font-weight:bold;font-size:26px !important;margin:0 0 20px;}.single-post .entry-content h4{font-size:22px;font-weight:bold;margin:0 0 20px;}a,h1 a:hover,h2 a:hover,h3 a:hover,h4 a:hover,h5 a:hover,h6 a:hover,.x-breadcrumb-wrap a:hover,.widget ul li a:hover,.widget ol li a:hover,.widget.widget_text ul li a,.widget.widget_text ol li a,.widget_nav_menu .current-menu-item > a,.x-accordion-heading .x-accordion-toggle:hover,.x-comment-author a:hover,.x-comment-time:hover,.x-recent-posts a:hover .h-recent-posts{color:#7ac04b;}a:hover,.widget.widget_text ul li a:hover,.widget.widget_text ol li a:hover,.x-twitter-widget ul li a:hover{color:#7ac04b;}.rev_slider_wrapper,a.x-img-thumbnail:hover,.x-slider-container.below,.page-template-template-blank-3-php .x-slider-container.above,.page-template-template-blank-6-php .x-slider-container.above{border-color:#7ac04b;}.entry-thumb:before,.x-pagination span.current,.flex-direction-nav a,.flex-control-nav a:hover,.flex-control-nav a.flex-active,.mejs-time-current,.x-dropcap,.x-skill-bar .bar,.x-pricing-column.featured h2,.h-comments-title small,.x-entry-share .x-share:hover,.x-highlight,.x-recent-posts .x-recent-posts-img:after{background-color:#7ac04b;}.x-nav-tabs > .active > a,.x-nav-tabs > .active > a:hover{box-shadow:inset 0 3px 0 0 #7ac04b;}.x-main{width:69.536945%;}.x-sidebar{width:25.536945%;}.x-comment-author,.x-comment-time,.comment-form-author label,.comment-form-email label,.comment-form-url label,.comment-form-rating label,.comment-form-comment label,.widget_calendar #wp-calendar caption,.widget.widget_rss li .rsswidget{font-family:"Open Sans",sans-serif;font-weight:400;}.p-landmark-sub,.p-meta,input,button,select,textarea{font-family:"Open Sans",sans-serif;}.widget ul li a,.widget ol li a,.x-comment-time{color:hsl(0,0%,52%);}.widget_text ol li a,.widget_text ul li a{color:#7ac04b;}.widget_text ol li a:hover,.widget_text ul li a:hover{color:#7ac04b;}.comment-form-author label,.comment-form-email label,.comment-form-url label,.comment-form-rating label,.comment-form-comment label,.widget_calendar #wp-calendar th,.p-landmark-sub strong,.widget_tag_cloud .tagcloud a:hover,.widget_tag_cloud .tagcloud a:active,.entry-footer a:hover,.entry-footer a:active,.x-breadcrumbs .current,.x-comment-author,.x-comment-author a{color:#272727;}.widget_calendar #wp-calendar th{border-color:#272727;}.h-feature-headline span i{background-color:#272727;}@media (max-width:979px){}html{font-size:14px;}@media (min-width:500px){html{font-size:calc(14px + ( 16 - 14 ) * ( ( 100vw - 500px ) / ( 1000 - 500 ) ));}}@media (min-width:1000px){html{font-size:16px;}}body{font-style:normal;font-weight:400;color:hsl(0,0%,52%);background-color:hsl(0,0%,100%);}.w-b{font-weight:400 !important;}h1,h2,h3,h4,h5,h6,.h1,.h2,.h3,.h4,.h5,.h6{font-family:"Open Sans",sans-serif;font-style:normal;font-weight:400;}h1,.h1{letter-spacing:-.011em;}h2,.h2{letter-spacing:-.035em;}h3,.h3{letter-spacing:-.024em;}h4,.h4{letter-spacing:-.018em;}h5,.h5{letter-spacing:-.027em;}h6,.h6{letter-spacing:-.031em;}.w-h{font-weight:400 !important;}.x-container.width{width:90%;}.x-container.max{max-width:1370px;}.x-main.full{float:none;display:block;width:auto;}@media (max-width:979px){.x-main.full,.x-main.left,.x-main.right,.x-sidebar.left,.x-sidebar.right{float:none;display:block;width:auto !important;}}.entry-header,.entry-content{font-size:1rem;}body,input,button,select,textarea{font-family:"Open Sans",sans-serif;}h1,h2,h3,h4,h5,h6,.h1,.h2,.h3,.h4,.h5,.h6,h1 a,h2 a,h3 a,h4 a,h5 a,h6 a,.h1 a,.h2 a,.h3 a,.h4 a,.h5 a,.h6 a,blockquote{color:#272727;}.cfc-h-tx{color:#272727 !important;}.cfc-h-bd{border-color:#272727 !important;}.cfc-h-bg{background-color:#272727 !important;}.cfc-b-tx{color:hsl(0,0%,52%) !important;}.cfc-b-bd{border-color:hsl(0,0%,52%) !important;}.cfc-b-bg{background-color:hsl(0,0%,52%) !important;}.x-btn,.button,[type="submit"]{color:#fff;border-color:hsla(0,0%,0%,0);background-color:#fc571f;text-shadow:0 .075em .075em rgba(0,0,0,.5);border-radius:.25em;padding:.579em 1.105em .842em;font-size:19px;}.x-btn:hover,.button:hover,[type="submit"]:hover{color:#fff;border-color:hsla(0,0%,0%,0);background-color:#fc571f;text-shadow:0 .075em .075em rgba(0,0,0,.5);}.x-btn.x-btn-real,.x-btn.x-btn-real:hover{margin-bottom:.25em;text-shadow:0 .075em .075em rgba(0,0,0,.65);}.x-btn.x-btn-real{box-shadow:0 .25em 0 0 #a71000,0 4px 9px rgba(0,0,0,.75);}.x-btn.x-btn-real:hover{box-shadow:0 .25em 0 0 #a71000,0 4px 9px rgba(0,0,0,.75);}.x-btn.x-btn-flat,.x-btn.x-btn-flat:hover{margin-bottom:0;text-shadow:0 .075em .075em rgba(0,0,0,.65);box-shadow:none;}.x-btn.x-btn-transparent,.x-btn.x-btn-transparent:hover{margin-bottom:0;border-width:3px;text-shadow:none;text-transform:uppercase;background-color:transparent;box-shadow:none;}.x-topbar .p-info a:hover,.x-widgetbar .widget ul li a:hover{color:#7ac04b;}.x-topbar{background-color:transparent;}.x-topbar .p-info,.x-topbar .p-info a,.x-navbar .desktop .x-nav > li > a,.x-navbar .desktop .sub-menu a,.x-navbar .mobile .x-nav li > a,.x-breadcrumb-wrap a,.x-breadcrumbs .delimiter{color:hsl(0,1%,40%);}.x-navbar .desktop .x-nav > li > a:hover,.x-navbar .desktop .x-nav > .x-active > a,.x-navbar .desktop .x-nav > .current-menu-item > a,.x-navbar .desktop .sub-menu a:hover,.x-navbar .desktop .sub-menu .x-active > a,.x-navbar .desktop .sub-menu .current-menu-item > a,.x-navbar .desktop .x-nav .x-megamenu > .sub-menu > li > a,.x-navbar .mobile .x-nav li > a:hover,.x-navbar .mobile .x-nav .x-active > a,.x-navbar .mobile .x-nav .current-menu-item > a{color:#272727;}.x-navbar .desktop .x-nav > li > a:hover,.x-navbar .desktop .x-nav > .x-active > a,.x-navbar .desktop .x-nav > .current-menu-item > a{box-shadow:inset 0 4px 0 0 #7ac04b;}.x-navbar .desktop .x-nav > li > a{height:80px;padding-top:30px;}.x-navbar-fixed-top-active .x-navbar-wrap{margin-bottom:1px;}.x-navbar .desktop .x-nav > li ul{top:65px;}.x-colophon.top,.x-colophon.bottom{border-top:1px solid #e0e0e0;border-top:1px solid rgba(0,0,0,.085);background-color:transparent;box-shadow:inset 0 1px 0 0 rgba(255,255,255,.8);}@media (max-width:979px){.x-navbar-fixed-top-active .x-navbar-wrap{margin-bottom:0;}}body.x-navbar-fixed-top-active .x-navbar-wrap{height:80px;}.x-navbar-inner{min-height:80px;}.x-brand{margin-top:8px;font-family:"Lato",sans-serif;font-size:42px;font-style:normal;font-weight:700;letter-spacing:-.035em;color:#272727;}.x-brand:hover,.x-brand:focus{color:#272727;}.x-brand img{width:150px;}.x-navbar .x-nav-wrap .x-nav > li > a{font-family:"Lato",sans-serif;font-style:normal;font-weight:700;letter-spacing:.085em;}.x-navbar .desktop .x-nav > li > a{font-size:17px;}.x-navbar .desktop .x-nav > li > a:not(.x-btn-navbar-woocommerce){padding-left:25px;padding-right:25px;}.x-navbar .desktop .x-nav > li > a > span{margin-right:-.085em;}.x-btn-navbar{margin-top:20px;}.x-btn-navbar,.x-btn-navbar.collapsed{font-size:24px;}@media (max-width:979px){body.x-navbar-fixed-top-active .x-navbar-wrap{height:auto;}.x-widgetbar{left:0;right:0;}}.x-colophon.top,.x-colophon.bottom{border-top:1px solid #e0e0e0;border-top:1px solid rgba(0,0,0,.085);background-color:transparent;box-shadow:inset 0 1px 0 0 rgba(255,255,255,.8);}@font-face{font-family:"FontAwesomePro";font-style:normal;font-weight:900;font-display:swap;src:url("https://nitrocdn.com/LDWvFOUQGioYlnVtuJBbgLMGfzgBDpDt/assets/static/source/wp-content/plugins/cornerstone/assets/dist/fonts/8ede1919f6c6686c0337beeeb585579d.fa-solid-900.woff2") format("woff2"),url("https://nitrocdn.com/LDWvFOUQGioYlnVtuJBbgLMGfzgBDpDt/assets/static/source/wp-content/plugins/cornerstone/assets/dist/fonts/5c03c8bc9fcb61ea06fbeaa928a3e3b3.fa-solid-900.woff") format("woff"),url("https://nitrocdn.com/LDWvFOUQGioYlnVtuJBbgLMGfzgBDpDt/assets/static/source/wp-content/plugins/cornerstone/assets/dist/fonts/e15906d31eb5d12c5338d054e5c9dd05.fa-solid-900.ttf") format("truetype");}[data-x-fa-pro-icon]{font-family:"FontAwesomePro" !important;}[data-x-fa-pro-icon]:before{content:attr(data-x-fa-pro-icon);}[data-x-icon],[data-x-icon-o],[data-x-icon-l],[data-x-icon-s],[data-x-icon-b],[data-x-fa-pro-icon],[class*="cs-fa-"]{display:inline-block;font-style:normal;font-weight:400;text-decoration:inherit;text-rendering:auto;-webkit-font-smoothing:antialiased;-moz-osx-font-smoothing:grayscale;}[data-x-icon].left,[data-x-icon-o].left,[data-x-icon-l].left,[data-x-icon-s].left,[data-x-icon-b].left,[data-x-fa-pro-icon].left,[class*="cs-fa-"].left{margin-right:.5em;}[data-x-icon].right,[data-x-icon-o].right,[data-x-icon-l].right,[data-x-icon-s].right,[data-x-icon-b].right,[data-x-fa-pro-icon].right,[class*="cs-fa-"].right{margin-left:.5em;}[data-x-icon]:before,[data-x-icon-o]:before,[data-x-icon-l]:before,[data-x-icon-s]:before,[data-x-icon-b]:before,[data-x-fa-pro-icon]:before,[class*="cs-fa-"]:before{line-height:1;}@font-face{font-family:"FontAwesome";font-style:normal;font-weight:900;font-display:swap;src:url("https://nitrocdn.com/LDWvFOUQGioYlnVtuJBbgLMGfzgBDpDt/assets/static/source/wp-content/plugins/cornerstone/assets/dist/fonts/8ede1919f6c6686c0337beeeb585579d.fa-solid-900.woff2") format("woff2"),url("https://nitrocdn.com/LDWvFOUQGioYlnVtuJBbgLMGfzgBDpDt/assets/static/source/wp-content/plugins/cornerstone/assets/dist/fonts/5c03c8bc9fcb61ea06fbeaa928a3e3b3.fa-solid-900.woff") format("woff"),url("https://nitrocdn.com/LDWvFOUQGioYlnVtuJBbgLMGfzgBDpDt/assets/static/source/wp-content/plugins/cornerstone/assets/dist/fonts/e15906d31eb5d12c5338d054e5c9dd05.fa-solid-900.ttf") format("truetype");}[data-x-icon],[data-x-icon-s],[data-x-icon][class*="cs-fa-"]{font-family:"FontAwesome" !important;font-weight:900;}[data-x-icon]:before,[data-x-icon][class*="cs-fa-"]:before{content:attr(data-x-icon);}[data-x-icon-s]:before{content:attr(data-x-icon-s);}@font-face{font-family:"FontAwesomeRegular";font-style:normal;font-weight:400;font-display:swap;src:url("https://nitrocdn.com/LDWvFOUQGioYlnVtuJBbgLMGfzgBDpDt/assets/static/source/wp-content/plugins/cornerstone/assets/dist/fonts/87a5d65f5944c51d000d085a92a8e7a6.fa-regular-400.woff2") format("woff2"),url("https://nitrocdn.com/LDWvFOUQGioYlnVtuJBbgLMGfzgBDpDt/assets/static/source/wp-content/plugins/cornerstone/assets/dist/fonts/59c348c48a90ce1ff4958cdf21de393b.fa-regular-400.woff") format("woff"),url("https://nitrocdn.com/LDWvFOUQGioYlnVtuJBbgLMGfzgBDpDt/assets/static/source/wp-content/plugins/cornerstone/assets/dist/fonts/298a35e7a708a25fa30ea1d503d6c621.fa-regular-400.ttf") format("truetype");}@font-face{font-family:"FontAwesomePro";font-style:normal;font-weight:400;font-display:swap;src:url("https://nitrocdn.com/LDWvFOUQGioYlnVtuJBbgLMGfzgBDpDt/assets/static/source/wp-content/plugins/cornerstone/assets/dist/fonts/87a5d65f5944c51d000d085a92a8e7a6.fa-regular-400.woff2") format("woff2"),url("https://nitrocdn.com/LDWvFOUQGioYlnVtuJBbgLMGfzgBDpDt/assets/static/source/wp-content/plugins/cornerstone/assets/dist/fonts/59c348c48a90ce1ff4958cdf21de393b.fa-regular-400.woff") format("woff"),url("https://nitrocdn.com/LDWvFOUQGioYlnVtuJBbgLMGfzgBDpDt/assets/static/source/wp-content/plugins/cornerstone/assets/dist/fonts/298a35e7a708a25fa30ea1d503d6c621.fa-regular-400.ttf") format("truetype");}[data-x-icon-o]{font-family:"FontAwesomeRegular" !important;}[data-x-icon-o]:before{content:attr(data-x-icon-o);}@font-face{font-family:"FontAwesomeLight";font-style:normal;font-weight:300;font-display:swap;src:url("https://nitrocdn.com/LDWvFOUQGioYlnVtuJBbgLMGfzgBDpDt/assets/static/source/wp-content/plugins/cornerstone/assets/dist/fonts/a66fc009c3c4d6b9cbb68e617bf3674a.fa-light-300.woff2") format("woff2"),url("https://nitrocdn.com/LDWvFOUQGioYlnVtuJBbgLMGfzgBDpDt/assets/static/source/wp-content/plugins/cornerstone/assets/dist/fonts/32775fe65a340dcfb67a09cce8ad018f.fa-light-300.woff") format("woff"),url("https://nitrocdn.com/LDWvFOUQGioYlnVtuJBbgLMGfzgBDpDt/assets/static/source/wp-content/plugins/cornerstone/assets/dist/fonts/5592e5902cd6dd6d654db811ee45bab2.fa-light-300.ttf") format("truetype");}@font-face{font-family:"FontAwesomePro";font-style:normal;font-weight:300;font-display:swap;src:url("https://nitrocdn.com/LDWvFOUQGioYlnVtuJBbgLMGfzgBDpDt/assets/static/source/wp-content/plugins/cornerstone/assets/dist/fonts/a66fc009c3c4d6b9cbb68e617bf3674a.fa-light-300.woff2") format("woff2"),url("https://nitrocdn.com/LDWvFOUQGioYlnVtuJBbgLMGfzgBDpDt/assets/static/source/wp-content/plugins/cornerstone/assets/dist/fonts/32775fe65a340dcfb67a09cce8ad018f.fa-light-300.woff") format("woff"),url("https://nitrocdn.com/LDWvFOUQGioYlnVtuJBbgLMGfzgBDpDt/assets/static/source/wp-content/plugins/cornerstone/assets/dist/fonts/5592e5902cd6dd6d654db811ee45bab2.fa-light-300.ttf") format("truetype");}[data-x-icon-l]{font-family:"FontAwesomeLight" !important;font-weight:300;}[data-x-icon-l]:before{content:attr(data-x-icon-l);}@font-face{font-family:"FontAwesomeBrands";font-style:normal;font-weight:normal;font-display:swap;src:url("https://nitrocdn.com/LDWvFOUQGioYlnVtuJBbgLMGfzgBDpDt/assets/static/source/wp-content/plugins/cornerstone/assets/dist/fonts/40e840a84d284a638096d8273949b4f4.fa-brands-400.woff2") format("woff2"),url("https://nitrocdn.com/LDWvFOUQGioYlnVtuJBbgLMGfzgBDpDt/assets/static/source/wp-content/plugins/cornerstone/assets/dist/fonts/a45b51ec581790d4fc82cd1bdce0347e.fa-brands-400.woff") format("woff"),url("https://nitrocdn.com/LDWvFOUQGioYlnVtuJBbgLMGfzgBDpDt/assets/static/source/wp-content/plugins/cornerstone/assets/dist/fonts/f8408db4d33551366352fbae4ef3730c.fa-brands-400.ttf") format("truetype");}[data-x-icon-b]{font-family:"FontAwesomeBrands" !important;}[data-x-icon-b]:before{content:attr(data-x-icon-b);}.e1475-10.x-anchor{margin:2.5em 0em 0em 0em;border-radius:.35em;font-size:1.5em;background-color:#fa582e;box-shadow:0em .15em .65em 0em rgba(0,0,0,.25);}.e1475-10.x-anchor .x-anchor-content{flex-direction:row;justify-content:center;align-items:center;padding:.575em .85em .575em .85em;}.e1475-10.x-anchor[class*="active"]{background-color:#fa582e;box-shadow:0em .15em .65em 0em rgba(0,0,0,.25);}.e1475-10.x-anchor .x-anchor-text{margin:5px;}.e1475-10.x-anchor .x-anchor-text-primary{font-family:inherit;font-size:1em;font-style:normal;font-weight:700;line-height:1;color:hsl(0,0%,100%);}.e1475-10.x-anchor[class*="active"] .x-anchor-text-primary{color:hsl(0,0%,0%);}.e1475-10.x-anchor .x-anchor-text-secondary{margin-top:.35em;font-family:inherit;font-size:.75em;font-style:normal;font-weight:400;line-height:1;color:rgba(0,0,0,1);}.e1475-10.x-anchor[class*="active"] .x-anchor-text-secondary{color:rgba(0,0,0,.5);}.e1475-8.x-column{text-align:center;background-color:transparent;z-index:1;}.e1475-3.x-column{background-color:transparent;z-index:1;}.e1475-2.x-container{margin:0em auto 0em auto;background-color:transparent;z-index:1;}.e1475-7.x-container{margin:0em auto 0em auto;background-color:transparent;z-index:1;}.e1475-1.x-section{margin:-2.5em 0em 0em 0em;padding:45px 0px 45px 0px;text-align:center;background-color:transparent;z-index:1;}.e1475-6.x-section{margin:-2.43em 0em 0em 0em;padding:45px 0px 45px 0px;background-color:transparent;z-index:1;}.e1475-4.x-text{margin:.65em 0em 1.46em 0em;padding:0em;font-family:inherit;font-size:1.5em;font-style:normal;font-weight:400;line-height:1.4;letter-spacing:0em;text-align:left;text-transform:none;color:#676565;background-color:transparent;}.e1475-9.x-text{margin:-1.45em -1.45em -1.45em -1.45em;padding:0em;font-family:inherit;font-size:1.5em;font-style:normal;font-weight:400;line-height:1.4;letter-spacing:0em;text-transform:none;color:#676565;background-color:transparent;}.e1475-4.x-text > :first-child{margin-top:0;}.e1475-9.x-text > :first-child{margin-top:0;}.e1475-4.x-text > :last-child{margin-bottom:0;}.e1475-9.x-text > :last-child{margin-bottom:0;}.x-topbar .x-social-global{display:none;}.x-topbar{color:#7ac04b;}.x-topbar{background-color:#0c2d4b;}body .x-topbar .p-info,body .x-topbar .p-info a{color:#7ac04b;}.x-topbar .alignleft{float:left;}.x-topbar .alignright{float:right;}.x-topbar .p-info{width:100%;}.x-navbar .menu-item .x-btn{box-shadow:none;text-shadow:none;font-size:18px;}.x-navbar .desktop .x-nav > li.menu-item-86 > a{padding-top:20px;}.x-navbar .desktop .x-nav > li.menu-item-86 > a:hover{box-shadow:none;}.x-colophon.bottom .x-colophon-content{color:#474747;}footer.x-colophon.bottom{background-color:#e1e1e1;}footer.x-colophon.bottom .x-container.max.width .x-colophon-content{float:left;margin-top:30px;margin-bottom:30px;margin-left:50px;}footer.x-colophon.bottom .x-container.max.width .x-nav{float:right;margin-top:30px;margin-bottom:30px;margin-right:50px;}.x-colophon.bottom .x-nav li a{color:#676565;font-weight:bold;font-size:medium;text-transform:capitalize;}@media screen and (max-width:480px){footer.x-colophon.top .x-container{display:block;}footer.x-colophon.top .textwidget br{display:none;}footer.x-colophon.top .textwidget a{display:inline-block;}}.x-colophon.top .widget_text{margin-top:25px !important;}.x-colophon.top .x-column:nth-child(3) a{line-height:0;}footer.x-colophon.top .x-container{display:flex;justify-content:center;flex-wrap:wrap;text-align:center;}footer.x-colophon.top .x-column:nth-child(2){text-align:center;}footer.x-colophon.top [data-x-icon],[class*="x-icon-"]{padding:0 10px !important;}footer.x-colophon.top .x-container.max.width .x-column.x-md.x-1-3.last .widget.widget_text .textwidget .x-container.max.width .x-icon.x-icon-facebook-square{color:#3d5c97;}footer.x-colophon.top .x-container.max.width .x-column.x-md.x-1-3.last .widget.widget_text .textwidget .x-container.max.width .x-icon.x-icon-twitter-square{color:#36abdf;}footer.x-colophon.top .x-container.max.width .x-column.x-md.x-1-3.last .widget.widget_text .textwidget .x-container.max.width .x-icon.x-icon-youtube-square{color:#fb373a;}h1.h-landmark{color:#fa582e;margin:15px auto 0;}p.p-landmark-sub{color:#fff;}.x-header-landmark:not(.nitro-lazy){background-image:url("https://nitrocdn.com/LDWvFOUQGioYlnVtuJBbgLMGfzgBDpDt/assets/static/source/wp-content/uploads/2018/05/cfa718c133754795e31d92dd894d26f0.BlogHeaderResized.jpg");}.x-header-landmark{margin:0px auto 0;height:165px;background-color:#000;}header.x-header-landmark{width:100% !important;max-width:100% !important;}.h-landmark span:before,.h-landmark span:after{display:none;}