Jul 25, 2014
Option Block 357: AMZN Call Buyers Get Crushed
Trading Block: Markets mostly unchanged in modest volume. Apple posts decent numbers but disappoints overall. Amazon earnings after the bell. OX clients still buying far OTM calls? Facebook rallies $4.50 post earnings and trades over 1m contracts. Ford announced before...
Jul 22, 2014
Option Block 356: CME and NFLX Earnings
Rundown
Trading Block: A relatively quiet day on the street, after a crazy week. Earnings so far: NFLX after the close, CME (the stealth Apple) after the close. Positioning for Apple tomorrow.
Odd Block: Call buyers trade in Steel Dynamics (STLD), call spreads buyers trade in...
Jul 18, 2014
Option Block 355: Bleeding Out Into the Pillow
The Trading Block: A bit of a bloodbath on the street. Dire world news out of Ukraine and Israel/Palestine. Yellen's comments reverberating around the market. A 33% spike in the VIX. Microsoft slashing jobs. U.S. House passes spending bill with Dodd-Frank changes.
The Odd...
Jul 15, 2014
Option Block 354: When to Close Out a Spread
Trading Block: VIX and VIX cash. LULU taking it on the chin. It’s time for the Trading Patterns Guessing Game once again!
Odd Block: Calls roll in Danaher Corp (DHR), calls roll in Wisconsin Energy Corp (WEC) - Buy Jul, Sell Jan., closing collar in AGCO Corp (AGCO) - Buy...
Jul 11, 2014
Option Block 353: Crazy Combos and the Great Open Interest Debate
Trading Block: A volatile day on the street - S&P got as low as 1952. VIX cash ticking up nearly one handle. Gold a big mover today - to the delight of Uncle Mike Tosaw. It’s time for the Trading Patterns guessing game again - this time with GLD! ...