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\\xb7\\xa0 ADV: 988K contracts.
\\n\\xb7\\xa0 Today: 1.7M contracts.
\\n\\xb7\\xa0 Call/put ratio: 2.1/1.
\\n\\xb7\\xa0 Net deltas: short 670k.
\\n\\xb7\\xa0 Calls sold on bid roughly equal to calls bought on ask - puts also evenly divided.
\\n\\xb7\\xa0 AAPL volatility bets surge in options market as buyback beckons.
\\nInvestors seek protection against healthcare stock decline - Healthcare companies on a seven-year tear have been top performers so far in 2015. Love \\u2019em or Hate \\u2019em, China Stocks Are Red Hot in Options Market - Bearish options bets on the Deutsche X-trackers Harvest CSI 300 China A-Shares ETF.
\\nOdd Block: Calls go up in iShares MSCI Taiwan Index (EWT), call blocks trading in Joy Global Inc. (JOY), and OTM puts trade in Direct TV (DTV)
\\nStrategy Block: Tosaw discusses hedging AAPL and other earnings strategies.
\\nMail Block: Listener questions and comments
\\nRock Block: In which the all-stars discuss movies in the Michael Bay oeuvre. Let us know your thoughts on Facebook, Twitter, or by email
\\nWhich Nicholas Cage movie is the best?
\\nWho does the best \\u201cWelcome to the rock\\u201d interpretation?
\\nAround the Block: Earnings: AAPL & other earnings expected to dominate the week of April 27.
\\n\\xa0
\\n\\xa0
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Trading Block: A very aggressive day on the street. The market is off to the races - up nearly 2% in the session today. Brent triggers a circuit breaker - to the upside? U.S. stocks lead global equities rally on Fed rate policy.
\\nOdd Block: Upside calls trade in ProShares Ultra DJ-UBS Crude Oil (UCO), puts trade in Mylan Inc (MYL), calls trade in Quicksilver Inc. (ZQK), and puts trade in Noble Corp. (NE)
\\n\\xa0
\\nXpress Block: A review of some of the milestones at OX this year. Also, this is the time to start thinking about taxes.
\\n\\xa0
\\nMail Block: Listener questions and comments
\\n\\xa0
\\n\\xa0
\\nAround the Block: Will the market finally slow down and the VIX back off? Or, will there be a lot of activity in volatility? The all-stars discuss.
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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.
\\nOdd Block: Call buyers trade in Steel Dynamics (STLD), call spreads buyers trade in Orexigen Therapeutics, Inc. (OREX), calls buyer trade in Crocs, Inc. (CROX), call spreads, rolls selling Dec, buying March trade in CytRx Corp. (CYTR).
\\n\\xa0
\\nXpress Block: Herbalife taking a pounding. News on The Walk Limit tool.
\\n\\xa0
\\nStrategy Block: An expiration day lesson from Uncle Mike Tosaw and how to avoid unnecessary weekend risk.
\\n\\xa0
\\n\\xa0
\\nAround the Block: A quick earnings review in CME, NFLX. MSFT and APPL tomorrow. On 7/24: AMZN, F, GM.
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Option Block 289: What a Twit!
\\nTrading Block: November 14 is official day Twitter goes public. CBOE earnings on Friday, CME before the open - both resounding "mehs." Apple actually closes around where it started. Blackberry taking it on the chin. Again.
\\nOdd Block: Calls trade in Berry Petroleum Co. (BRY), calls trade in Applied Micro Circuits Corp. (AMCC), calls trade in Marin Software Inc. (MRIN), and calls trade in ValueVision Media Inc. (VVTV).
\\nXpress Block: Cue the game show music for yet another edition of "The Trading Patterns Game."
\\nListener Mail:\\xa0 Comments and questions from our audience.
\\nAround the Block: Tesla, Groupon and Qualcomm earnings this week. TSLA is very important for OX clientele.
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Option Block 279: OTM Fly Breakdown
\\nTrading Block: There was a mild rally today. All Facebook all day at OX.
\\nOdd Block: Calls trade in Juniper Networks, Inc. (JNPR), puts trade in iShares MSCI Australia Index (EWA), calls trade in Hertz Global Holdings, Inc. (HTZ), and risk reversal trades in St. Jude Medical (STJ).
\\nXpress Block: Biotech, mobile, and hedging activity pouring in. What are the GLD traders trading?\\xa0 Let\\u2019s take a look: 1-SPY, 2-SLV, 3-APPL, 4-FB, 5-DUST (daily gold miners bear 3X ETF), 6- JCP, 7- USO, 8- GDX (market vectors gold miners), 9 - GE, 10 \\u2013 TSLA.\\xa0 What about SLV? 1-SDS, 2- GDX, 3-USO, 4-VXX, 5-SSO, 6-FB, 7-TZA, 8-SCO, 9-TNA, 10-AAPL.
\\nMail Block: What do you want to know?
\\n\\xb7\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 Question from Nocturne: trying to understand OTM butterflies. What\\u2019s a use case for an OTM fly vs. a simple vertical or ratio? Very confused.
\\n\\xb7\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 Question from \\u201cJoe\\u201d: I haven\\u2019t been trading options for very long so forgive me if I\\u2019m out of line. I\\u2019ve been listening to your show for the past six months and find it very informative. But I also wonder if many of the concepts you discuss are simply over the heads of the typical retail trader such as gamma, vega, implied volatility, etc. I know I\\u2019m frequently confused by some of these topics. Does retail really need to know all of this stuff or is a more straightforward approach (like if you sell this option, your max loss is x, your max gain is y, you have z days until your trade expires, etc.) a better way to reach the masses without scaring them or putting them off options? I hope you read my question but, if you do, to avoid embarrassment please just refer to me as \\u201cJoe\\u201d.
\\nAround the Block: Debt debate and earnings approaching
\\n\\xa0
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Option Block 278: Fading the Shutdown
\\nTrading Block: It was an aggressive day on the street, with a lot of love for Apple, up 20%. Call stupids go up in VIX.\\xa0 Talks of Blackberry selloff continue.
\\nOdd Block: Puts Trade in Xilinx Inc. (XLNX), calls trade in Sierra Wireless Inc. (SWIR), calls trade in Covidien plc. (COV)
\\nXpress Block: Today\\u2019s Xpress Block will feature a guest: Daril Wagner, Product Manager at OX, who will discuss some new tools available to clients - including the Trading Patterns and Options Patterns tools.
\\nStrategy Block: Calendars vs. butterflies
\\nAround the Block: The debt ceiling kerfuffle is back!
\\n\\xa0
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Listed in: Business
Listed in: Business
Option Block 274: More Buyers than Sellers
\\nTrading Block: All is right with the world again! Most indices up over 1% today after Chinese export data beats expectations. Prepping for the Apple event. How big could this still be? Groupon continues to rally - announced acquisition of travel app Blink.
\\nCITI closing CBOT desks.
\\nOdd Block: Call spreads trade in SPDR S&P Homebuilders ETF (XHB), puts trade in CBOE Volatility Index (VIX), calls trade in Smithfield Foods Inc. (SFD), puts trade in iShares MSCI Emerging Markets Index ETF (EEM).
\\nXpress Block: Lulu and Apple, as well as many other hot names on the OX desk.
\\nMail Block:
\\n\\xa0
\\nAround the Block: LULU earnings 9/12.
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Option Block 273: Trades to Salivate Over
\\nTrading Block: It was a very mild day on the street. How did the holiday weekend volatility play out last week? It\\u2019s that time again - the volume numbers are in! Microsoft buys Nokia.
\\nOdd Block: Calls trade in Timken Company (TKR), NetApp Inc (NTAP), Oasis Petroleum Inc. (OAS), and Fastenal Company (FAST).
\\nStrategy Block: What happens when your covered call goes in the money?
\\nMail Block:
\\n\\xa0
\\nAround the Block: Non-farms and Syria ahead.
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Listed in: Business
Option Block 271: Sabre Rattling Rattles Markets
\\nTrading Block: A mild rally on the street until Kerry started sabre rattling in Washington, sending the markets down. NASDAQ, Goldman and others still facing heat over their tech meltdowns last week. BATS and Direct Edge merging. TABB Group predicts options commissions to shrink of the next few years. \\xa0Commodity rundown with Mike Tosaw.
\\nOdd Block: Large buy writes go up in Facebook Inc. (FB), and puts trade in ProShares Short 20+ Year Treasury ETF (TBF).
\\nXpress Block: Tesla, Biotechs, and Facebook!
\\nMail Block:
\\nQuestion from bitcoinbravo: Any thoughts on bitcoin -- especially as the flows continue into this emerging digital currency and we see with futures and derivatives market develop -- currently there is a lot of arbitrage opportunities between the various exchanges
\\nQuestion from Charles P.: I am an employee of a very large (and widely held) technology firm. As you might expect, a substantial amount of my net worth is tied up in the stock of my employer. However, I am expressly forbidden from trading any derivatives in my employers stock even for hedging purposes. So my question to you is - how do I hedge myself in this scenario?
\\nAround the Block: Glued to the news of Syria. Non-farms next week.
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Option Block 270: Looking Behind the Curtain
\\nTrading Block: NASDAQ halts trading today over tech glitch. Many big names were impacted. Goldman Sachs screws up JPM options trading. Question from T_Pal:\\xa0Should I be concerned about the wave of technology problems impacting the market? Can they impact my trading? Saw Mark L. quoted a lot of this. What\'s his take?
\\nOdd Block: Calls trade in Express, Inc. (EXPR), calls and puts trade in Accuray Incorporated (ARAY), and calls trade in Uranium Energy Corp. (UEC)
\\nStrategy Block: Uncle Mike Tosaw discusses the situation of a covered call moving in the money and the ways in which to think about it.
\\nAround the Block: A hopefully glitch-free week. Looking ahead to see what may be coming out of Washington.
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Option Block 269: Listener Questions a Go-Go
\\nTrading Block: Another down day on the markets. The 3-year and 10-year are bumping up against levels we haven\'t seen in a while.
\\nMail Block: Your questions, our answers
\\nAround the Block: FOMC minutes.\\xa0 Keeping an eye on the 3-year and 10-year.
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Option Block 268: Commodity Sea of Green
\\nTrading Block: A broad selloff across the board today. \\xa0Inflation fears spook the Fed and the market.\\xa0 Cisco off 7%, looking at layoffs. Walmart off 3%. \\xa0A sea of green in the commodities. Record day in the VIX - only 133 contracts short of 1 million.
\\nOdd Block: Review from 7/29 - very well-timed paper in American Eagle Outfitters (AEO). calls trade in SPDR S&P Homebuilders ETF (XHB), and combos trade in Microsoft Inc. (MSFT).
\\nXpress Block: Single leg WalkLimit goes live!
\\nMail Block: Website comment from nrlbuild\\xa0- Enjoyed your show as usual, always fun to have Mr. Sebastian on the air! I feel the need to stick up for Motley Fool a little. I have been a member since around 2000...and been in two of their options services since 2008. They actually have some good stuff with respect to options...I think even you tough veterans would agree if you understood. Unfortunately, the Fool universe is so large and varied, not unlike Seeking Alpha, that there is often as much junk as there is quality...it really depends upon which specific Fool service one subscribes. I have never understood why they don\\u2019t control that more carefully? Anyway, if it wasn\\u2019t for them I never would have come to options in the first place\\u2026and now I\\u2019ve found you guys! ;) Carry on! Ned
\\nAround the Block: More earnings? HPQ - 8/21. Keeping an eye on the 10-year.
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Option Block 267: Betting Against Yourself
\\nTrading Block: A relatively flat day on the street. A big day for Silver and Apple \\u2013both \\xa0up 3%. It was a good day for Tosaw!\\xa0 Blackberry exploring strategic options with the \\xa0stock up 11%. Tesla finally sells off.
\\nOdd Block: Review from 7/1 - Air Products and Chemical (APD), calls trade in Sanchez Energy Corp. (SN), combos trade in Rockwell Medical Inc. (RMTI), call spreads trade in Micron Technology, Inc.(MU).
\\nMail Block:
\\nAround the Block: Earnings are still happening. Cisco \\xa0on 8/14, and Cosi on 8/15.
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Listed in: Business
Option Block 265: The Innovator
\\nTrading Block: Giving back some of the gains on the street today. A surprising pop in Blackberry. Apple touching near-term highs.\\xa0 ALSO GLD, SLV, ETC
\\nOdd Block: Odd Block Review: Dendreon Corp. (DNDN), put spreads trade in DeVry Inc. (DV), put spreads trade in The Chubb Corp. (CB), calls trade in China Automotive Systems, Inc. (CAAS), and call spread roll in Deckers Outdoor Corp (DECK).
\\nXpress Block: Tesla very active with earnings coming up. CBOE and Alcatel-Lucent active as well.
\\nStrategy Block: The credit spread with benefits.
\\nAround the Block: Upcoming Earnings: Groupon - 8/7, Tesla - 8/7, Disney - 8/6.
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Option Block 264: Swimming in a Sea of Green
\\nTrading Block: A sea of green across the board. S&P crosses 1700 mark on strong manufacturing data. Unemployment claims at a 5.5 year low. Activision and LinkedIn earnings after the bell. CME reports a 27% rise in quarterly profits, still down 4%.
\\nCommodity rundown: metals, nat gas, coffee, etc. \\xa0It\'s number day again - The Options Industry Council (OIC) announced today that total options contracts traded in July was up 5.81%. Average daily volume for the month was up 1.00%. Year-to-date volume up 1.93%. Equity options volume up 4.39%.\\xa0Average daily volume for equity options in July slightly off of last year\\u2019s contracts by 0.35%. Year-to-date equity options volume up only 0.16%.
\\nOdd Block: Calls trade in SPDR Gold Trust (GLD), calls trade in Nvidia Corporation (NVDA), puts trade in iShares MSCI Emerging Markets Index (EEM), and fly trades in Oil States International (OIS).
\\nXpress Block: A very busy, non-expiration day at OX.
\\nMail Block: We have such curious listeners!
\\nAround the Block: Non-farms in the crosshairs. CBOE earnigns tomorrow before the open. Groupon 8/7, Disney 8/6, Nvidea 8/8, Tesla 8/7 after.
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Option Block 263: The Wasted Year
\\nTrading Block: A mild selloff across the board. GLD sells off fractionally on the day. ISE Gemini set to launch Aug 5. CBOE announces new VIX trading hours.
\\nOdd Block: Pre-earnings run in Activision Blizzard Inc. (ATVI), stock replacement in Alcatel Lucent SA (ALU), interesting pre-earnings play in American Eagle (AEO), and was there a hedge in iShares MSCI Japan Index (EWJ)?
\\nOdd Block Review: Looking back to 6/27: Goodrich Petroleum Corp. (GDP) - stock trading $12.90, buying 6,000 Aug 15 calls for $.45. Stock now trading $17.50, calls worth $2.96 - a $2.50 profit = $1.5M. Still 10K open on strike - looks like he hasn\'t closed these yet.
\\nXpress Block: "Big data week." It\\u2019s a wait and see situation.\\xa0 Nothing can derail the Tesla train.
\\nAround the Block: A full calendar of economics this week. Non-farms Friday.
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Option Block 262: Cramer Loves It
\\nTrading Block: Zynga earnings after the close. Someone paid 17% for a one-month straddle! Amazon earnings are also after the close. Facebook! Facebook! Facebook! Commodity rundown - An overview of recent action in futures/futures options. Options "insiders" come forward.
\\nOdd Block: Put spreads trade in Crocs, Inc (CROX), and calls trade in Denderon Corp. (DNDN).
\\nXpress Block: Questions, anyone?
\\nQuestion from Tom P.\\xa0 Are we ever going to see Walk-Limit on single leg trades? I\'m a teacher so I can\'t always be there to close out my trades on the open. This is particularly difficult around earnings season. I may miss the only chance to sell my option for a decent price on the open because I\'m away from my screens. I would love to be able to enter a target sale price for my options (long call, etc.) and then have OX walk the price down automatically until it hits the actual trading price. This would save busy people like me a lot of time, and potentially a lot of lost profits.
\\nAround the Block: An update on AMZN and ZNGA. TTWO coming up on 7/30.
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Option Block 261: NFLX Strangles Children
\\nTrading Block: Netflix earnings are after the bell. Could it be the return of the widow-maker? McDonald\'s down 3%. It\\u2019s\\xa0never a good sign for the economy when McD can\'t make money. A follow-up on our good discussion on after-hours options trading from our last show. \\xa0Is 3pm still reasonable?
\\nOdd Block: Call ratios trade in Skechers USA Inc. (SKX), calls trade in Verisign Inc. (VRSN), puts sold on the World Acceptance Corp. (WRLD), and call sellers in General Growth Properties (GGP).
\\nXpress Block: Metals and oil predominately featured on the desk today.
\\nMail Block: The all stars channel their inner therapists, and Obi Wan
\\nAround the Block: Earnings, Earnings, Earnings! Ford 7/24 before, Facebook 7/24 after, Electronic Arts 7/23 after, Amazon 7/25 after, Apple - 7/23, United Airlines 7/25 before, Zynga 7/24 after.
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Option Block 260: Doing the Earnings Straddle Dance
\\nTrading Block: Earnings-Palooza: Google, Microsoft and more after the bell.
\\nOdd Block: Combos trade in Rite Aid Corp (RAD), paper buying calls in Covanta Holding Corp. (CVA), and puts trade in YY Inc. (YY)
\\nXpress Block: This should be a very interesting expiration coming up. A little bit of everything is coming across the desk. Google and Microsoft both missed.
\\nStrategy Block: Mr. Tosaw discusses straddles as this week\'s strategy.
\\nAround the Block: One last check-in on Google and Microsoft. Upcoming earnings: Apple \\u2013 7/23, Zynga - 7/24, and Amazon - 7/25.
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Option Block 259: Reverse Splits & Twinkies
\\nThe all-stars are joined by guest co-host Henry Schwartz, the Founder of Trade Alert.
\\nTrading Block: A modest, broad rally on the street. Earnings season is in full swing. Pre-deal call in LEAP from Friday. Earnings action in Goldman-Sachs. CITI earnings before the open. Bloomberg beating the drum on VIX puts. Retail sales sluggish, up less than expected in June.
\\nOdd Block: Combos trade in United Online, Inc. (UNTD)
\\nXpress Block: The Twinkie is back. A slow day as everyone is keeping their powder dry for the big earnings later this week.
\\nAround the Block: Earnings: IBM, Intel and Bank of America - 7/17; Microsoft, Nokia, Google and Chipotle - 7/18.
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Option Block 258: Highly Accommodative Policy
\\nTrading Block: Uncle Ben\'s comments about "highly accommodative policy" spark yet another rally. It\'s going to be all about the earnings next week. It has been "rally ho" in the metals.
\\nOdd Block: Calls trade in Colfax Corp (CFX), puts trade in Atlas Pipeline Partners, L.P. (APL), calls trade in WisdomTree Investments Inc (WETF), and calls trade in Whiting USA Trust (WHX).
\\nXpress Block: It\'s a race to 1,000 between Priceline and Google. Green lights all over the screen today.
\\nListener Mail: Gamma effect
\\nQuestion from Neal Rivers - You guys have discussed the "gamma effect" before on this program. My question is - how far before an earnings announcement does this typically kick in? Can I buy some gamma two or three weeks before the announcement and expect to pay no decay? Or is it more like two or three days?
\\nAround the Block: JP Morgan and Wells Fargo & Co. both have earnings on Friday. Goldman Sachs - 7/16; Microsoft, Nokia, Google, Chipotle - 7/18; and IBM, Intel, Bank of America 7/17.
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Option Block 257: Deep Dive into Gold, Silver and Oil
\\nInterview Block: Today\'s guest is Matthew Bradbard, futures broker from RCM Asset Management. \\xa0Hel discusses recent trends in metals and energies with the Option Block gang.
\\nTrading Block: Another broad, but mild rally on the street. Zynga rallies hard on the news of new CEO: \\xa0snatching a dubious hire from Microsoft. INTC down 4% off analyst downgrades.
\\nOdd Block: Calls trade in Zynga Inc. (ZNGA) and call spreads trade in Elan Corp. (ELN).
\\nAround the Block: Alcoa earnings, which means this is the start of earnings season!
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Listed in: Business
Option Block 255: Balloon is Over-squeezed
\\nTrading Block: Rally Ho! Again. Vol crushed, but not as aggressively as expected. Are the pronouncements of the death of Apple\'s vol premature?\\xa0 Prosecutors finally get around to charging Corzine in MF Global debacle. 30-year mortgage rate at 4.46%.
\\nOdd Block: Calls trade in Statoil ASA (STO), Goodrich Petroleum Corp (GDP), and New York Community Bancorp (NYCB).
\\nXpress Block: Alex discusses GDX, Newmont Mining (NEM), and other trade ideas from the Idea Hub.
\\nAround the Block: Blackberry earnings before the open.
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Option Block 254: Unlearn What Does Not Work
\\nTrading Block: Futures, interest rates, bonds and the 10-year dominated trading today. It was an otherwise slow day for volatility.
\\nInterview Block: This week\'s guest is Nate Bluestein from Pivotal Trading Concepts. He discusses how Pivotal Trading Concepts was created and helps educate traders.
\\nOdd Block: Calls trade in Web MD (WBMD), and puts Trade in Gerdau S.A. (GGB).
\\nXpress Block: It was a pretty quiet day at OX. Alex discusses VIX, CBOE and the 10-year.\\xa0
\\nAround the Block: The 10-year could continue to determine what\'s happening in the market. Which way will China play out?
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Option Block 253: Market Maelstrom
\\nTrading Block: The broad indices were down over 2%. All red, all day. Fed will cut $85 billion in monthly bond purchases by $20 billion. VIX cash breaks through the 20-handle for the first time since December. Apple, Google, GLD and more!
\\nOdd Block: Call combo unwinds in the CBOE Volatility Index (VIX) for big money, puts trade in Fleetcor Technologies (FLT), and puts trade in Contango Oil and Gas Co (MCF).
\\nXpress Block: It\'s about time for an Alex Jacobson-style rant. \\xa0This is a market for options!
\\nStrategy Block: It\'s a two-for day in the strategy block: Risk vs. margin and being long-term bullish but short-term cautious.
\\nAround the Block: Will there be more selloff in the future? Should we keep the power dry going into the weekend?
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Option Block 252: The Dangers of Covered Straddles
\\nTrading Block: Market rallies ahead of the Fed, but lost steam in the late session. Gold selloff ahead of the Fed.
\\nOdd Block: Puts trade in PVR Partners, LP (PVR), calls trade in Insmed Incorp. (INSM), and puts trade in UltraShort Real Estate Proshares (SRS)
\\nXpress Block: Netflix moves over $15, but otherwise, not a very exciting trading day
\\nListener Mail: The floor belongs to the listeners.
\\nQuestion from Dalton Hicks - I\\u2019ve just discovered this show and I think it\'s fantastic. Thanks for all of your great material. I\'ve learned quite a bit. I wanted to write in today to ask about the new strategy I\'ve stumbled upon in my trading.\\xa0 I used to be a covered call seller in individual equity options. But I\'ve recently started thinking about kicking this up a notch by turning into a "covered straddle seller." This strategy has many benefits over a traditional covered call. I\\u2019ve never heard this approach discussed on this program (at least in the recent episodes that I\'ve heard), so I\'d like the host\'s take on this exciting new strategy.
\\nAround the Block: Waiting for Bernanke.
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Option Block 251: Insider Trading, Options-Style
\\nTrading Block: Is the VIX going backwards? The rally has returned. Jobless claims fall by 12,000, sparking the rally. \\xa0An insider trading case involving options. \\u201cFor the first time since its inception, high-frequency trading, the bogey machine of the markets, is in retreat.\\u201d VXX options hit record open interest. Exchanges finally subject to fines for misconduct.
\\nOdd Block: Unwinding in Dole Food Company, Inc. (DOLE), calls trade in Monster Worldwide Inc. (MMW), and spreads trade in Sangamo Biosciences Inc. (SGMO)
\\nXpress Block: United Airlines showcased in the Idea Hub today. Updates on the Walk Limit.
\\nMail Block: Keep those questions coming.
\\nAround the Block: Markets are thin for the summer. A lot more 1% movement days in our near future.
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Option Block 250: Goldilocks Non-Farms Numbers
\\nTrading Block: It was a quiet day on the market. Non-farms announcement came out last Friday.\\xa0 What are some trading ideas following a large event like this?
\\nOdd Block: Calls trade in Linhas Aereas Inteligent (GOL), puts trade in Celldex Therapeutics Inc. (CLDX), and put spreads trade in Southern Copper Co. (SCCO).
\\nXpress Block: S&P changed the outlook on U.S. debt from negative to stable. How could this have an effect on the 10-year?
\\nAround the Block: What economic impact could the flood in Europe have on the market? Earnings are only five weeks away.
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Option Block 249: Great Expectations
\\nTrading Block: Another schizophrenic day on the street. McDonald\'s announces some 24-hr stores will serve breakfast after midnight. The Zynga apocalypse! A big move in Apple.
\\nOdd Block: Calls trade in Savient Pharmaceuticals Inc. (SVNT), a collar unwinds in DOLE Food Company (DOLE), and call spreads trade in Tessera Technologies Inc. (TSRA).
\\nXpress Block: What\'s new in the Idea Hub, weeklies, etc?
\\nListener Mail: In which you, the listener, take over the program.
\\nQuestion from John King \\u200f@jking321: Have you read Schaeffer\\u2019s theory that Friday selloff due to delta hedging by SPY put sellers?
\\nAround the Block: Non-Farms. Non-Farms. Non-Farms! It will be the biggest event on Friday.
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Option Block 248: The Ice Is Always Melting
\\nTrading Block: It was a bit of a head scratcher today, as an infusion of end-of-day buying threw a wrench into the machine. Disappointing ISM numbers, putting a laser focus on the jobs numbers out Friday. Market share and volume day with overall total options volume up 3% in May.
\\nOdd Block: Very near-term bullish play in Iron Mountain Inc. (IRM), sizable spread trade in WisdomTree Japan Hedged Equity Fund (DXJ), and put spread trades in Corning Inc. (GLW).
\\nXpress Block: Fanny Mae, Tesla, Zynga and the 10-year lighting up the tape. The Apple minis have finally gotten some traction.
\\nStrategy Block: In today\'s strategy block, Mike Tosaw discusses the use of margin and if it makes sense.
\\nAround the Block: Forget the earnings, the employment report is coming up, expect big volume.
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Option Block 247: The Confidence Trade
\\nTrading Block: The rally continues with interest rates and bonds hot. Looking forward to the 10-year VIX from the CME. Tesla breaks 100. Will the hype never end? Ford breaks $16.
\\nOdd Block: Collars closes in Approach Resources Inc. (AREX), and big call purchase in T-Mobile USA (TMUS).
\\nXpress Block: Alex discusses what\'s been lighting up the desk at OX and the Idea Hub.
\\nListener Mail: What questions do you have for the all-stars?
\\nAround the Block: Interest rates. Employment report next week.
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Option Block 246: Jump on the Boat with the 10-Year Note
\\nTrading Block: CBOE/CME launches a new 10-year treasury VIX. It is the first volatility index based on U.S. government debt to be calculated and disseminated by CBOE. CBOE stock hits $40 on its 40th anniversary. CRM & MRVL earnings after the bell.\\xa0 TSLA - hard to short stock, bears turning to puts. MSFT - is there no love for the new Xbox One? \\xa0GME\\xa0\\u2013 could the new could Xbox wipe out the lucrative grey market for used games? GME is the leading liquidity provider. Vol is creeping back into Ford - stock had a nearly $.60 range today, up sharply over the past few aweeks.
\\nOdd Block: Calls trade in Halozyme Therapeutics Inc. (HALO), Ratio put spreads trade in Alerian MLP (AMLP), and combos trade in Warner Chilcott ltd (WCRX)
\\nXpress Block:\\xa0 A lot of names, including the 10-year, lighting up the phones at OX. The June condor in the SPX, an example off of the Idea Hub.
\\nStrategy Block: Mike Tosaw discusses "nimbility" - the ability to be nimble. It\'s very important to be nimble when trading, and not get locked in a specific strategy.
\\nAround the Block: Holiday weekend. Don\'t forget to watch out for the weekend! Market should be very thin tomorrow.
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Option Block 245: Golden Tickets & Oompa Loompas
\\nTrading Block: It was an unchanged day on the street with stocks hovering around record highs. Does this rally have legs, or are we poised for a collapse? There was a weird dip in SPX on Friday night due to APC. Jumbo SPX is a flop so far. Only 18 contracts have traded through the middle of last week. \\xa0Everyone is still refusing to list it.
\\nOdd Block:Calls trade in Navios Maritime Holdings Inc. (NM), calls trade in Foster Wheeler Ltd (FWLT), and calls trade in Big Lots Inc. (BIG).
\\nXpress Block: Alex talks some more about the Trading Patterns Tool from OX, and what its most active trades have been recently.
\\nListener Mail: What do you want to know?
\\nAround the Block: A holiday this upcoming weekend. Watch out for the theta gremlins creeping into your portfolio.
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Option Block 244: Car Talk
\\nTrading Block: It was down day on the markets. A lot of political news came out of Syria late in the day. Could Tesla be Apple 2.0?
\\nXpress Block: Alex talks about the OX feature "Trading Patterns," which lets you look at what underlyings people traded in the OX environment. Available to most OX customers.
\\nStrategy Block: Mike Tosaw discusses what we\'ve been seeing in the market. Rallies in the market, staying long-term bullish but short-term cautious and collar strategies.
\\nAround the Block: Earnings coming out soon: DELL, JCP and HP. A bit more stability in interest rates. Watching Apple, of course.
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Option Block 243: The Viceroy Trade
\\nTrading Block: Another unchanged day. Netflix up due in part to the return of Arrested Development. Take Two earnings after the bell. Zynga gets a big pop in the day. First live day of jumbo SPX on Friday. \\xa0ISE lost its Supreme Court lawsuit and refuses to list contract. Ironic?
\\nOdd Block: Calls trade in Zynga, Inc. (ZNGA), puts trade in VIX short-term Futures ETN (VXX), and puts trade in Solarcity Corp (SCTY).
\\nXpress Block: Alex Jacobson discusses his thoughts on the big OX event this weekend.
\\nStrategy Block: Mike Tosaw dispenses yet another legendary rant of the topic of annuities. He also talks about the ratio spread.
\\nAround the Block: Cisco earnings on 5/15, Cosi on 5/16 post 4/1 reverse stock split.
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Listed in: Business
Listed in: Business
Listed in: Business
Option Block 239: Rally Ho!
\\nInterview Block: Today\'s guest is Erik Long from Quant Trade, a CTA who primarily day trades futures. His method of looking at the markets can be associated with any time frame and he has some interesting insight for our listeners.
\\nTrading Block: Rally Ho! Again. There was some serious tech love on the street with Google, Apple, Intel, and IBM up 2% or more today. Overall earnings season is still not living up to the hype.
\\nOdd Block: Calls roll in Health Net Inc. (HNT), puts trade in Canadian Solar Inc. (CSIQ), calls trade in Energy Transfer Equity LP (ETE), and there was a steady put seller in Northern Oil and Gas Inc. (NOG).
\\nXpress Block: Herbal Life, Facebook, Apple, Google and IBM all kept traders at OX locked to their desks.
\\nAround the Block: Substantial juice levels going into earnings on the 1st.
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Option Block 238: Markets Have a Headache
\\n\\xa0
\\nTrading Block: Weekly expiration this Friday. Exxon sells off after a disappointing earnings announcement. CBOE was down for most of the day, causing a lot of headaches. Bundesbank came out and rejected the "outright monetary transaction" taking the wind out of the sails today.
\\nOdd Block: Put spreads trade in Open Text Corp. (OTEX),calls trade in Supernus Pharmaceuticals Inc. (SUPN), giant combination trades in Talisman Energy Inc. (TLM), and crushing volume in Incredimail Ltd. (PERI).
\\nXpress Block: News just crossed the tape that George Soros just purchased an 8% stake in JC Penney.
\\nStrategy Block: Uncle Mike, Andrew, and Alex each discuss their favorite war stories about some of the dumbest trades they\'ve seen.
\\nAround the Block: Upcoming earnings include Amazon, AIG, Pfizer, JC Penney. Could Europe end up back on the warning screens?
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Option Block 237: Buy Juice, Be Happy
\\nTrading Block: VIX cash turns to the dark side. CAT earnings were not overwhelming. Netflix earnings have yet to come out, but there\\u2019s a lot of love for the "widow maker." Microsoft is also feeling a lot of love.
\\nOdd Block: Calls trade in General Motors Corp. (GM), calls roll on a Medivation Inc. (MDVN) spread, and big calls trade in Micron Technology Inc. (MU).
\\nXpress Block: Alex discusses how we\'re starting to see volume in big cap names again, like Proctor & Gamble, GE, Oracle, Intel, and Microsoft. Apple and Amazon earnings this week, please understand the risk if you\'re a premium seller.
\\nStrategy Block: Uncle Mike talks about puts in GLD, including when and when you should not to roll a put. Long-term bullish, short-term cautious!
\\nAround the Block: More earnings yet to come this week, including Facebook, Zynga, Apple, Ford, and Amazon.
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Option Block 236: Riding the Earnings Rollercoaster
\\nTrading Block: The market was down big time. Again. Earnings-palooza after the close with CMG, GOOG, MSFT, and IBM reporting.
\\nOdd Block: Puts trade in Bally Technologies Inc. (BYI), put spreads trade in Banco Itau Holdings SA (ITUB), OTM puts trade in Auxilium Pharmaceuticals Inc. (AUXL), and Financial Select Sector (XLF) puts trading early.
\\nXpress Block: Alex Jacobson discusses pending legislation in Washington. New proposed tax laws: capping IRAs, and the elimination of 1256, which creates mark-to-market accounting for every contract.
\\nAround the Block: More earnings fun.
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Option Block 235: The Difference Between Risk Management & Market Timing
\\nTrading Block: An aggressive selloff wipes out most gains on the street today. Precious metals take a bath on the news that China development is slowing down. Gold down 9%. Priceline, Apple, Google, everything down. It was a bloodbath.
\\nXpress Block: Alex Jacobson discusses what was up and what was down in this very prominent date on the market.
\\nMail Block: What do you want to know?
\\nStrategy Block: Uncle Mike Tosaw discusses reallocation, as well as working out the difference between risk management and market timing.
\\nAround the Block: Earnings this week include: Google, IBM, and Intel.
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Option Block 234: Debunking the Expiration Graph Myth
\\nTrading Block: Ford was off to the races again, in a very mixed market.\\xa0 Vol was mixed as well. Money is coming out of Asia into the U.S. market. Microsoft was down in a big way.
\\nOdd Block: Calls trade in Yahoo! Inc. (YHOO), big puts trade in Cell Therapeutics (CTIC), calls trade in ImmunoCellular Therapeutics Ltd (IMUC), and calls trade in iShares MSCI Japan Index (EWJ).
\\nXpress Block: Activity in Chipotle, Priceline, and Facebook. Apple was all over the place today.
\\nStrategy Block: Uncle Mike Tosaw discusses his pet peeve, the expiration graph, and how it has dominated options education and retail trading.
\\nAround the Block: Earnings-palooza on the horizon: Microsoft, Chipotle, Citi Group, Google, Bank of America, Intel, Nokia, IBM, Apple, JP Morgan.
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Option Block 233: Trickle Down SPX
\\n
Trading Block: The market is gaining back some ground after a skittish week. Here we go again with Alcoa earnings after the bell. Uncle Mike updates us on Ford, GLD, SLV and Apple. Is there any love for Facebook at these levels? The market is not loving FB Home apparently. Caribou Coffee pulling out of Chicago. BOX files with the SEC for a jumbo SPDR - 1000 multiplier.
Odd Block: Calls trade in Wisdom Tree India Earnings Fund (EPI), calls trade in Lufkin Industries Inc. (LUFK), puts and stock trade in Microsoft Corp. (MSFT), and calls trade in Goodyear Tire and Rubber Co. (GT).
\\nXpress Block: A mini volume and customer interest update from Alex.
\\nAround the Block: A whole lot of nothing coming out of Alcoa, which kicks off earnings week.
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Option Block 232:\\xa0 Crushing Inflation
\\nTrading Block: Facebook goes after Google. Bank of Japan moving a lot today. S&P opened lower than gold for the first time since the flash crash. How high can the interest rate go?
\\nOdd Block: Big calls trade in the S&P 500 VIX Short Term Futures ETN (VXX), more puts trade in Alerian MLP ETF (AMLP), and out month put buy in Bank of America Corp. (BAC)
\\nXpress Block: Rates, Yen and other Asian markets lit up the OX desk today. Citadel is petitioning the supreme court over the CBOE/ICE/SXP case.
\\nStrategy Block: Tosaw clarifies the difference between market timing and risk management.
\\nAround the Block:\\xa0 Non-Farm payrolls come out in the morning. Rates will be a main focus.
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Option Block 231: April Fool Joke from Tesla?
\\nInterview Block: RCM\\u2019s Matt Bradbard talks about interest rates. When might they reverse course and head upwards? What is the Eurodollar?
\\nTrading Block: We actually saw a rise in VIX today. Tesla was today\'s big news: they made a profit for the first time this quarter! Apple bouncing off the lows.
\\nOdd Block: Calls trade in North American Palladium Ltd. (PAL), large put block trades in Health Care Select Sector SPDR (XLV), and calls trade in Cisco Systems Inc. (CSCO).
\\nXpress Block: Tesla and Apple were both lighting up the desk at OX today. The first returns on the weeklies on futures options show that they are a resounding success. How are the Minis doing?
\\nAround the Block: Looking forward to a somewhat quiet week ahead.
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Option Block 230: The Psychology of Options Trading
\\nInterview Block: Today\'s guest is Benjamin Lee, founder of Think|Trade|Think. He talks about the psychology of trading, and gives us a preview of his upcoming RCM webinar.
\\nTrading Block: There was a bit of a selloff, as concerns about Cyprus crept back into the market. Which way are we heading from here?
\\nOdd Block: Puts trade in DaVita Healthcare Partners Inc. (DVA), more calls make news in Thomson Reuters Corp. USA (TRI), and Globe Specialty Metal (GSM) trading puts.
\\nXpress Block: OX customers give feedback on the Minis.
\\nAround the Block: Keeping an eye on the TLT and iron condors. Blackberry earnings are on 3/28 before the bell.
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Option Block 229: The Death Hedge
\\nTrading Block: Most indexes closed down by the end of the day. Juice comes back into the VIX. Cypress: is it the new Greece? GLD, SLV and other metals up on the day. Lululemon recalls "see-through" yoga pants.
\\nOdd Block: Calls spread trades in the VIX, put buying in Citigroup Inc. (C), and big trades in Constellation Brands Inc. (STZ).
\\nXpress Block: Two names stood out on the desk: General Motors and Dell.
\\nStrategy Block: Mike Tosaw gets his very own rant about busting the myths of annuities. Go, Mike, go!
\\nAround the Block: Keeping an eye on Cypress. We\'re close to all-time highs in the market.
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Option Block 228: Mini Mania
\\nInterview Block: Today\'s Guest: Kevin Davitt, Global Execution & Futures Broker at RCM. RCM will be hosting a webinar this Thursday night.
\\nTrading Block: There was a bit of a selloff in the market due to news coming out of Cypress, which is rekindling fears of a Europe crisis. Today is the day: Mini contracts begin trading today. What is the OX procedure and policy for Minis?
\\nOdd Block: Ratio strangle trades in Neonode, Inc. (NEON), put buyers active in Globe Specialty Metals, Inc. (GSM), puts trade in Reality Income Corp. (O), and calls trade in Swift Transportation Co. (SWFT).
\\nXpress Block: Cypress, Minis and Gold were all popular topics today at OX. When will we see Minis in the Idea Hub?
\\nAround the Block: Watching a silent rally in Apple. VIX cash creeping up. Cypress still making headlines. Minis and their affect.
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Option Block 227: When Options Make an $800,000,000 Profit
\\nTrading Block: The S&P\'s are right up against their all-time highs. Citadel exited their E-Trade position, which is down 75% from when they bought it, and still turned an $800M profit with hedging and options. Minis begin trading Monday, March 18.
\\nOdd Block: It was a hard luck day for E-Trade (ETRA), running of the bulls in KBW Regional Bank ETF (KRE), and an incredible purchase in Heckmann Corp (HEK).
\\nXpress Block: What\'s new in the Ides Hub? Blackberry is back in the news.
\\nStrategy Block: Making adjustments on a simulated index concept strategy.
\\nAround the Block: How high will the S&P 500 reach? Gold & Silver. Mini options.
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Option Block 226: Up, Up and Away
\\nInterview Block: Today\'s guest is Joe Garcia-Rios, Founder of Rios Quantitative & President and Chief Portfolio Manager of Advanz Analytics Group.\\xa0
\\nTrading Block: There is no sign of the end to the rally. VIX has an 11-handle for the first time since 2007. Minis launch next week! ISE will launch their second exchange -- the Topaz Exchange.
\\nThe Odd Block: March 13.5 calls trade in Ford.
\\nAround the Block: Keeping an eye on the VIX, Apple and Google.
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Option Block 225: Spreads with Benefits
\\nTrading Block: The market is apparently shrugging off the Sequester with a mild rally as of mid-day. Implied and realized volatility cross, which is a very rare occurrence. Google feeling the love and broke the 800 level, while Apple feeling the heat falling well south of $450. Groupon is showing some signs of life bouncing dramatically off lows around $4.25.
\\nOdd Block: Risk reversals trade in Bridgepoint Education Inc. (BPI), call buyers in Zhongpin Inc. (HOGS), calls trade in Tronox ltd. (TROX), and more calls trade in Mitek Systems Inc (MITK).
\\nXpress Block: Alex Jacobson discusses more ideas from the Idea Hub, new OX products, and new OX order types.
\\nStrategy Block: Mike Tosaw discusses the "credit spread with benefits."
\\nAround the Block: Seems like more bears are coming out of the woodwork making dire predictions for the market going forward. Sequester, sequester, sequester! What else on the horizon could generate some vol?
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Option Block 223: Making Money for the End of the World
\\nInterview Block: Today\'s Guest: Ed Walczak, Principal Trader at Harbor Financial. \\xa0He specializes in options on the S&P futures contracts, and does everything from ratios to credit spreads.
\\nTrading Block: Another day, another selloff, another VIX cash pop. The return of realized vol to the downside. Ford engine investigation. Is Uncle Mike reconsidering his 12 puts? Is Barnes and Noble next to go private? Zynga rallies 7.5% today. Exchange trend continuing -- CME to acquire DB? DB couldn\'t merge with NYSE, so why would regulators approve this? SEC examining how stock exchanges create new order types.
\\nOdd Block: Steady buyers of Frontline Ltd (FRO) puts, and puts trade in Linn Co., LLC (LNCO).
\\nXpress Block: A blood-letting day at the OX desk. Expanding the Idea Hub for futures options.\\xa0
\\nAround the Block: How long can we hold these levels of realized vol? GRPN 2/27
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Option Block 222:\\xa0 Bonds. Contrarian Bonds.
\\nTrading Block: The majority of the market sold off by 1%. \\xa0On the news that bonds might sell off, they rallied. Apple breaks through 450. Google hanging around the 800 level.
\\nOdd Block: A collar went up in Texas Roadhouse (TXRH); call spreads trade in Gerdau SA (GGB), and calls active in Blackstone Group (BX).
\\nXpress Block: SPX and April Condors are hopping.
\\nStrategy Block: Today\'s strategy honors Hannibal Smith of the A-Team. Put selling strategies on SPY-- long-term bullish and short-term cautious.
\\nAround the Block: Looking ahead at Tesla Motors. Keeping an eye on the S&P 500. Seeing if Google can stay near 800.
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Option Block 221: Suspiciously Well-Timed Call Buying
\\nTrading Block: The market was mixed today, with the VIX cash off slightly. GM profits down from 2011, stock down 3%. Jobless claims decrease last week. Zynga flirts with $4 before retreating back to $3. Former RIMM CEO dumps the rest of his stock, never a good sign. \\u201cCBOE Group Holdings Inc., which became a publicly held company in 2010 after years of effort, would consider going private again if doing so benefits its shareholders, a top executive said on Thursday.\\u201d PHLX\'s Sandy Frucher is getting OIC\'s Sullivan this year. Is the PHLX saga really worth celebrating?
\\nOdd Block: Big call Activity in Hess Corp. (HES), and suspiciously well-timed call buying in Constellation Brands Inc. (STZ).
\\nXpress Block: It was a quiet day, with the exceptions of Facebook and Blackberry. A new pricing scheme in futures. What\'s new with implementing the Minis? The devil is in the details.
\\nMail Block: What do you want to know from the All-Stars?
\\nQuestion from Filipp001: When SPX daily options?
\\nStrategy Block: The credit spread with benefits.
\\nAround the Block: Earnings are still coming up, including Tesla Motors 2/20, Marriot 2/20. Remember that Monday, Feb 18 is a non-trading day.
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Option Block 220: Who Needs Annuities When You Can Sell Puts on GOOG?
\\nInterview Block: Today\'s guest is Doug Berman, Vice President of Agriculture Derivatives, RCM Asset Management. He talks about
\\nTrading Block:A meandering day on the street today. We\\u2019re still deep in the earnings with CBOE, ATVI, MSFT, and CMG all rallying strong post-earnings. RIMM/BBRY staying strong as well. Apple watch is back on.
\\nThe Odd Block: Bullish put spread trades in Bank of America Corp. (BAC), small call block goes up in Superconductor Corp. (AMSC), aggressive opening call buyer in Walgreens Co. (WAG), and closing calls trade in Chilcott Ltd. (WCRX).
\\nXpress Block: Alex discusses some impending price changes in futures and futures options. Now $3.50! + exchange fees and NFA fees.
\\nAround the Block: Cisco earnings 2/13, LivePerson 2/12, NVidia 2/13, Tesla 2/13. Watching Radian Group, Google and Apple.
\\n\\xa0
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Option Block 219: Trading Options to Infinity and Beyond
\\nTrading Block: Zynga blows the doors off the market - the 2.5 puts were the sale of the century. Disney reported earlier this week, and is selling well. Activision gets a little bit of a bump to the upside. Shareholders filing suit against Apple as their cash reserve grows.
\\nOdd Block: Puts trade in DeVry Inc. (DV), puts trade in JPMorgan Chase & Co. (JPM), and a big block of calls trades in Marathon Petroleum Corp. (MPC).
\\nXpress Block: Best Buy and Blackberry were popular at OX. A phenomenal amount of puts selling - short put call is 95% puts to calls.
\\nStrategy Block: Mike Tosaw talks about implied volatility, and other side of the coin to vol.
\\nAround the Block: CBOE earnings 2/8 before the bell. Cisco 2/13. Nvidea 2/13. Tesla Motors 2/13. The President\'s State of the Union address is Tuesday.
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Option Block 218: Do Not Pay for Juice
\\nTrading Block: Selloff keeps some life in the VIX cash. Profit taking, and rumbles out of Spain, weigh on the market. Facebook down 5%. Apple down 2%.
\\nOdd Block: Puts trade in Dell Inc. (DELL), a massive 1x2 Call Spread Trades in Delphi Automotive PLC (DLPH), time spreads trade in Bruker BioSciences Corp. (BRKR), and calls trade in Questar Corp. (STR).
\\nXpress Block: Alex Jacobson discusses GLD volatility, SPX PM, and premiums. Of 256 companies reporting earning so far, 68.4% have beat estimates compared with a 62% average since 1994.
\\nMail Block: Let the All-Stars answer your questions.
\\nAround the Block: Earnings! Activision on 2/7 after the close, Chipotle on 2/5 after the close, CBOE 2/8 before the open. Plus, CBOE stock has been on a serious tear since ICE/NYSE merger announcement.
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Option Block 217: Now What Are We Going to Watch?
\\nTrading Block: Most of the major indexes closed fractionally down, weighed down by some less-than-stellar earnings. There was a bit of interesting activity in Facebook. RIMM, now known as BlackBerry, announced the new BlackBerry 10. Former founder of PFG sentenced to 50 years. Netflix pulls a reverse Widow Maker.
\\nOdd Block: Big put spread goes up in Exxon Mobil Corp. (XOM), a large block of calls trade in Taiwan Semiconductor Inc. (TSM), a closing trade in Take-Two Interactive (TTWO), and puts trade in Expeditors International of Washington Inc. (EXPD)
\\nXpress Block: Chatter on the OX forums has been heavy in Netflix and Priceline. Not much movement in vol.\\xa0
\\nStrategy Block: Tosaw discusses selling the put on Ford and buying call options.
\\n\\n
Around the Block: Non-Farms comes out tomorrow. What is there to watch after that?
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Option Block 216: Embracing Degeneracy
\\nTrading Block: Most indexes closed fractionally up or down on the day. Vol continues to stay at record lows. Action in Ford and Facebook so far this week.
\\nOdd Block: Puts trade in Western Union Co. (WU), a block of calls trade in Facebook Inc. (FB), and calls trade in Take-Two Interactive Software (TTWO).
\\nXpress Block: Alex discusses the latest from the Idea Hub, which included a lot of SPX PM ideas today. CFTC approved the Euro stock futures in the U.S. today.
\\nStrategy Block: Great Uncle Mike Tosaw discusses selling puts on the S&P 500, a strategy they use at RCM.
\\nMail Block: The All-Stars answer listener questions.
\\nAround the Block: Yahoo! earnings. Ford earnings tomorrow before the open. Facebook on 1/30, Amazon on 1/29, Electronic Arts on 1/30.
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Option Block 215: Apple and More Apple
\\nTrading Block: There was a pronounced selloff in Apple following earnings. The interesting news is that almost everything was up today, except Apple.
\\nOdd Block: Unusual activity in CBOE, Infinera Corp. (INFN), and Stryker Corp. (SYK).
\\nAround the Block: More earnings next week. There could potentially be a big move, given how low volatility has been recently.
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Option Block 214:\\xa0 Apple Moves and Hysteria Ensues
\\nTrading Block: The markets actually moved today! Apple breaks down below the 500 level. Oil continues to rally. Citi and BoA are both taking it on the chin following earnings.\\xa0
\\nOdd Block: Some upside love in Brookdale Senior Living (BKD), calls active in Avail Pharmaceuticals, and puts selling in DeVry Inc. (DV).
\\nXpress Block: Apple earnings have been lighting up the screens of the Idea Hub at OX. A mandatory update on Extend has been released.\\xa0
\\nStrategy Block: Uncle Mike discusses getting out of nickel options this week.
\\nAround the Block: Intel earnings in. Big earnings next week: Apple and Netflix on 1/23; AMD and Google on 1/22, Southwest and Microsoft on 1/24.
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Option Block 213: Waxing Nostalgic about Floor Days
\\nTrading Block: Apple hits 11-month low and is hovering around $500 strike off news of decreasing iPhone demand. Apple selloff put some vol back into the market. Good earnings -- despite the Apple news, 80% of S&P 500 companies that have reported so have beat their earnings estimates. A lot of volume in Dell.
\\nOdd Block: Puts trade in Telefonaktiebolaget LM Ericsson (ERIC); large call seller in Charles Schwab Corp. (SCHW), and calls trading in Sealed Air Corp. (SEE).
\\nXpress Block: The Marches have gone up this week. Russell and ETFs. Gold, Facebook and weeklies.
\\nThe Mail Block: Home Ec tips from our listeners
\\nTweet from Money Hat - Seabass is crazy! There is no difference between the shiny and dull sides of tin foil. That\'s just an old wives tale.
\\nEmail from Paul - Venice, FL\\xa0- Can I sell covered calls on a convertible preferred stock? In particular BAC.PR.L. I chose this name because it pays a roughly 9% dividend yield, but I would like to augment that income stream if possible. Thank you for your insight and for your informative (and surprisingly entertaining) program. I didn\\u2019t know I could have such a good time learning about options trading.
\\nAround the Block: Earnings, earnings, earnings! Bank of America, Citi, JP Morgan, Morgan Stanley, US Bank Corp.
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Option Block 212: Sweep the Leg, Johnny
\\nTrading Block: There was a broad rally across the street, but VIX cash languishing yet again. Alcoa earnings send out a resounding "meh," with the stock essentially unchanged. It\\u2019s a premium sellers dream. BATS executes hundreds of thousands of transactions outside NBBO.\\xa0 CBOE rebranding: "Execute Success." Are you sure about that?
\\n\\n
Odd Block: Calls trading in Microsoft Corp. (MSFT), Applied Materials Inc. (AMAT) calls trade, large blocks of opening calls trade on Deckers Outdoor Corp. (DECK), and interesting call trading in GT Solar International Inc. (GTAT).
\\n\\n
Xpress Block: The Idea Hub feature "Walk Limit" has reached version 2 on the OX platform. \\xa0Now it\\u2019s fully customizable!\\xa0
\\nStrategy Block: Harvesting credit spreads using multiple weeklies with Uncle Mike.
\\n\\n
Around the Block: Interesting earning on the horizon: CITI, BAC, and INTC all on 1/17. GS on 1/16 before the bell.
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Option Block 210: New Year, No Volatility
\\nTrading Block: It\\u2019s the first episode of 2013! The world hasn\'t ended, since the heroes in Congress once again settled on a deal. Volatility update.
\\nOdd Block: Takeover talks spur call trading in Zipcar (ZIP), and a large VXX put spread trades.
\\nXpress Block: Earnings season begins next week with Alcoa on 1/8.
\\nStrategy Block: Mike Tosaw expands upon volatility, using VIX as a weather vane, and selling puts, all wrapped within a well-told story.
\\nMail Block: Question from Chandra B - Natick, MA: Hey Mark, I love the Radio show...I find myself wanting the next show because I something new every episode. My question is: How should a trader handle stop losses on a naked call/put and/or a vertical spread. When should you call it quits? IBD mentions 8% for stocks, but what is the level for options? Thanks.
\\nAround the Block: How low can vol go? Earnings next week, how big could they be?
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Option Block 209: 2012 Year in Review
\\n\\xa0
\\n2012 Year in Review Block:
\\nA lot of whip-saw action in the market today, given the uncertainty in Washington. ETPs have added substantial end-of-day volatility. Scandal in the retail market, specifically the implosion of PFG, has lead to a steady decline in retail options volume. Peak 6 acquired Penson and created Apex Clearing, which caused a lot of problems. A lot of price movement in the underlying in Apple this year. A big SPY dividend trade ended up costing millions of dollars due to a clearing error. VIX is cheap, vol is low - we\'ve heard this non-sense all year. Knight trading collapsed. Hurricane Sandy closed the markets in New York for two full days. ICE acquired NYSE Group. The expansion of weeklies continues to be a big story. Mini Apple will be release next year in March. Worst trade of the year: Someone had the bright idea to buy 20,000 VIX Feb 70 calls.
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Option Block 208: Options Fuel the Exchange War
\\nTrading Block: News is circulating of a potentially sizable acquisition/merger of ICE and NYSE Euronext, which includes ARCA and AMEX. The market was fractionally up on the day. Jan vol futures are still trading below cash. RIMM closed to the upside.
\\nOdd Block: A pickup of bullish paper in the XLF, a three-legged trade in the iShares Dow Jones Transportation Index (IYT).
\\nXpress Block:\\xa0 What\'s new at the Idea Hub? Plus, a question from Max S: When I put on a spread in Xtend, it displays the positions in my position list, but when I go to close a position, I can only one-click close the spread one leg at a time. Is there a way to one-click close a multi-leg spread through Xtend or through the website?
\\nAround the Block: Positioning for a potential dive off the fiscal cliff. Happy holidays from The Options Insider.
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Option Block 207: Ratio Combos and Weekly Premium
\\nTrading Block: We saw a broad rally across the market as rumors of a deal to avert the fiscal cliff are spreading. There was also a mild VIX selloff today. Mark put on my first taste of Apple last week - Dec 465/455 put spread. The latest on GLD. Miami Options Exchange (MIAX) finally launches. Bill Brodsky stepping down as Chairman & CEO of the CBOE.
\\nOdd Block: Large Call Buying in Endeavor International Corp. (END), calls trading in Taiwan Semiconductor Manufacturing (TSM), and calls trading in Financial Sector SPDR (XLF).
\\nXpress Block: Alex Jacobson is in the OX hot seat today and discusses the walk limit product, as well as what\'s new at the Idea Hub. He also answers this Tweet from Mr. Penny Stock:\\xa0Alex - Does OX have a premium buying section of the Idea Hub to go with the premium selling section?
\\nStrategy Block: Mike Tosaw discusses using a ratio combo.
\\nAround the Block: RIMM and Nike earnings are coming up. It should be an interesting expiration week with the fiscal cliff looming.
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Option Block 206: The Secret World of Open Interest
\\nTrading Block: It was a bloody day on the market; screens were nothing but a sea of red. Apple is now creating its own vol excitement, this time in the 500\'s. Is Tosaw a degenerate weekly premium seller? VIX cash headed towards the upside. GLD is at a 13 vol -- how low can it go?
\\nOdd Block: More bullish trading in Quicksilver, Inc. (ZQK) and Golden Minerals Co. (AUMN), also selling paper in AuRico Gold, Inc. (AUQ). Plus, a comment from Duffy: What\'s the best way to tell if a particular options activity is closing or opening transaction? Thank for your help.
\\nXpress Block: Alex Jacobson discusses the latest developments at OX. Google seems to be displacing Apple in term of chatter amongst customers. More interesting ideas being kicked out from the "Idea Hub.\\u201d
\\nStrategy Block: Tosaw discusses the importance of synthetics, and how they relate to collars.
\\nAround the Block: Earnings: Oracle 12/18, RIMM 12/20. RIMM is actually seeing some life recently.
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Option Block 205: The Great Collar Debate
\\nTrading Block: Most of the market was unchanged today. Vol levels in Apple have been attractively low, is Tosaw back on the short put train? GLD sees a little move to the upside.
\\nOdd Block: Unusual activity in: Dole Food Co, (DOLE), iShares MSCI Emerging Markets Index (EEM), and iShares MSCI Japan Index (EWJ).
\\nXpress Block: Alex Jacobson discusses the latest and most interesting trade ideas from the "Idea Hub." A $10 OTM put spread in Apple.
\\nListener Mail: Our listeners drive the bus for a while.
\\nAround the Block: Keeping an eye on FOMC rate decision, gold, and the Euro. Be sure to have your tax plans in place as the year draws to a close.
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Option Block 204: Juicy AAPL Puts
\\nTrading Block: Market roughly unchanged on the day. Apple reversing its recent selloff on renewed Apple TV rumors. Apple & FoxConn also investing in American manufacturing and distribution. Holiday sales looking strong so far. Jobless claims drop after Hurricane Sandy. Sirius declares dividend and buys back $2B worth of shares. Are they yet another company trying to move up their special dividend to avoid next year\'s tax increase?
\\nOdd Block: Put calendar buying in SPDR S&P 500 Trust ETF (SPY), selling put spreads in iShares MSCI Index Fund (EFA), and buying calls in Zynga, Inc. (ZNGA).
\\nXpress Block: Joe Cusack is in the OX hot seat today and discusses some of the latest developments at OX and interesting trade ideas from the "Idea Hub".
\\nStrategy Block: Uncle Tosaw discusses weeklies in this strategy block.
\\nAround the Block: Fiscal cliff. Fiscal cliff. Fiscal Cliff. Non-farms in the morning. Weekend approaching but vol still has some legs.
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Option Block 203: Still Talking About the Fiscal Cliff
\\nTrading Block: A bit of a selloff across most of the major indices. Apple only up slightly today. Ford trading around the 11.5-11.40 range.
\\nOdd Block: Andrew Giovinazzi gets to run through some of the interesting and unusual activity he saw in the market, including: Leap Frog (LF), Verisign (VRSN), and BioMimetic Therapeutics, Inc. (BMTI).
\\nXpress Block: A slow day at OX. Alex Jacobson takes the reins and discusses the idea hub.
\\nAround the Block: Still waiting for some kind of news out of Washington about the fiscal cliff. Keep an eye on the special dividend news.
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Option Block 202: VIX: How Low Can It Go?
\\nTrading Block: Zynga is up 4%, after filing Form 4 with the SEC. Who\'s going to gobble up Zynga? Today\'s rally due, in part, to some talks of potential settlement headed towards the fiscal cliff. VIX tanking.
\\nXpress Block:\\xa0 Alex Jacobson gets the OX hot seat once again and discusses VIX. How low can it go? Is it actually low right now? Has our frame of reference changed, or are we in an artificially inflated environment?
Mail Block: Listeners Drive the Conversation.
\\nVia email from Emil Pesiri: I love the show. Do you know of any source that publishes daily updates of options showing a significant horizontal skew? I know of several that publish daily vertical skew, but none that screen and publish horizontal skew updates. Thanks so much.
\\n\\n
Comment from Liam: Hey Option Block, great show as always! I have a question for you. Since Microsoft seems to make such bad decisions for itself in terms of buying companies, what would you do if you were in charge of investments over there? Also, do you ever plan on making it out to London? I would love to buy you a pint.
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Option Block 201: Traders as Quarterbacks
\\nTrading Block: Black Friday/Cyber Monday/Holiday season appears to be off to a good start. Facebook pops 8% with 60% more volume than normal. Apple rallies 18 handles. Microsoft drops their second-in-command.
\\nInterview Block: Today\'s guest is Anthony Crudele, Head Trader at eMini Executors.
\\nXpress Block: Alex Jacobson gets the OX hot seat today and discusses the slow day in today\'s market. In other news, ISE announced that March 13 is the Mini Options launch date.\\xa0 They\\u2019re the first exchange to announce a specific date, but will others jump the gun?
\\nAround the Block: The VIX doldrums may be ahead.
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Option Block 195: Post-Hurricane Sandy Edition
\\nTrading Block: The market reopens Wednesday after closing for two days due to Hurricane Sandy. Apple opens nearly unched, some long premium holders ended up alright. Vol has been coming in hard. How was the NYSE not prepared for a disaster such as a hurricane?
\\nOdd Block: Straddle sold on Take 2 Interactive Software (TTWO).
\\nXpress Block: Dave Vitamonis gets the OX hot seat for today\'s show and discusses using an iron condor, instead of an iron butterfly.
\\nStrategy Block: Mike Tosaw discusses risk management and when you should use a point A to point B type of risk management.
\\nAround the Block: Watching the vol crush and Non-farms tomorrow. LinkedIn and Amazon.
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Option Block 193: Post-Earnings Selloff & Turnaround
\\nTrading Block: Post-earnings selloff continues, but then we saw a dramatic turnaround late in the day. Iron flies on Microsoft post-earnings.
\\nOdd Block: Large call spread purchased on MGIC Investment Corporation (MTG); calls bought on Eli Lilly (LLY).
\\nXpress Block: John Grigus gets the OX hot seat today and discusses Bank of America, new tech products, including the iPad mini, and the Samsung ChromeBook.
\\nAround the Block: Looking forward to earnings: Facebook 10/23, Zynga 10/24, Amazon 10/25, Apple 10/25, Netflix 10/23.
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Option Block 192: Earnings Palooza
\\nTrading Block:\\xa0 GOOG earnings announced early, although no one is sure why.\\xa0 Today is an earnings-palooza: AMD, LUV, MSFT, NOK, VZ all after the bell.
\\nOdd Block: Is McGraw-Hill Topped Out? (MHP); puts rolled on Sprint Nextel (S); volatility purchased on Hertz Global (HTZ).
\\nThe Mail Block: You ask. We answer.
\\nXpress Block: Trading picks up in VIX.\\xa0 Sebastian pontificates.
\\nAround the Block: Earnings. Earnings. Earnings. FB, NFLX, ZNGA, and AMZN coming up.
\\n\\xa0
\\nOption Block 192: Earnings Palooza
\\nTrading Block:\\xa0 GOOG earnings announced early, although no one is sure why.\\xa0 Today is an earnings-palooza: AMD, LUV, MSFT, NOK, VZ all after the bell.
\\nOdd Block: Is McGraw-Hill Topped Out? (MHP); puts rolled on Sprint Nextel (S); volatility purchased on Hertz Global (HTZ).
\\nThe Mail Block: You ask. We answer.
\\nXpress Block: Trading picks up in VIX.\\xa0 Sebastian pontificates.
\\nAround the Block: Earnings. Earnings. Earnings. FB, NFLX, ZNGA, and AMZN coming up.
\\n\\xa0
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Option Block 189: Iron Condors and Big Trends
\\nTrading Block: Apple down about 2.5%. When might we see the minis? Groupon finally goes to the plus side. Is it time to abandon ship? Non-farms better than expected.
\\nOdd Block: Huge three-way put spread trades on Consol Energy (CNX); options action surges as Vringo pops (VRNG).
\\nXpress Block: John Grigus takes the hot seat and discusses the many spin-offs of Sears holdings.
\\nInterview Block: Featuring Big Trends\\u2019 Price Headley
\\n\\xa0Around the Block: Earnings season again! Alcoa kicks it off tomorrow. Vice Presidential debate upcoming.
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Option Block 188: Diversify. Diversify. Diversify
\\n\\xa0
\\nTrading Block: The market\'s reaction to Wednesday night\'s Presidential debate. Review from the Morning Star conference. (Spoiler: Options exposure and education is still significantly lacking.) HPQ, SLV & GLD, ACT.
\\nOdd Block: Upside purchased in Sachs (SKS); calls active as Dell pushes to new lows (DELL)
Xpress Block: New-comer Dave Vitamonis gets the OX hot seat today and discusses interesting trades and size orders that came across the desk. The metals market is heating up.
\\nStragegy Block: Uncle Mike Tosaw discusses diversification and mutual funds.
\\n\\xa0
\\nAround the Block: Non-Farms tomorrow, a big event. Apple earnings 10/25.
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Option Block 187:\\xa0 It\\u2019s That Time of the Month
\\n\\nTrading Block: VIX cash getting some weekend love back. Monthly volume numbers are in, and according to ISE, dividend trades made up 8.8% of industry volume in September 2012. Apple closing down 1%. Will Uncle Mike ever get out? Groupon = garbage? Premium selling candidate? Risk reversals? Is Activision lining up for more bullish risk reversals? Ford is hovering at the 10-handle. How do you position RIMM from here?
\\nOdd Block: Is FLIR Systems (FLIR) ready to pop 11%; puts sold on Celldex Therapeutics (CLDX), and; short-term protection purchased on Wells Fargo (WFC).
\\nXpress Block: John Girgus takes the reins in the Xpress Block and talks about what came across the OX desk today. Weekly options coming out soon. Approval passed for mini weekly options.
\\nListener Mail: The inmates are running the asylum.
\\nAround the Block: Non-farms, probably the largest event coming up on the horizon. Marriott earnings on 10/3, Family Dollar 10/2, Monsanto 10/3. Keeping on eye on Europe.
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Option Block 186: RIMM Time Spreads and SPY Dividends
\\nTrading Block: A broad rally, thanks to Spain\'s spending cuts. RIMM earnings after the bell. It closed today at $7.14. Mark ponders the weekly/Oct 6-7-8 iron fly. Jobless claims hit a two-month low.
Odd Block: Implied volatility mover in Regions Financial (RF); volume signals in Deckers Outdoors (DECK), and; Coca Cola Enterprises (CCE). Love piling in for some size in Yahoo!, Inc. (YHOO), and a lot of call love in Medtronic, Inc. (MDT).
\\n\\n
Strategy Block: Given last week\'s debacle with the SPY dividend play, when do you exercise a call to capture a dividend?
\\n\\n
Around the Block: RIMM earnings summary. It was almost up to $8.50 in the after-hours. Looking ahead to the weekend. Apple. Non-farms payroll numbers 10/5. The market\'s reaction to the upcoming presidential debates and election.
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Option Block 185: Dividend Trade Blowup
\\n\\xa0
\\nTrading Block: VIX getting some of the weekend back courtesy of some selloff love. It\'s been a while since we\'ve have a 1% down day. A big whoops with dividend trades for Merrill Lynch occurred Friday. Facebook taking it on the chin - down about 9%. Apple closing today down about 1.5%.
\\n\\n
Odd Block: Some significant size going up in XLF; Oct 100 puts going up before earnings in Factset Research Systems Inc. (FDS), and; it\\u2019s off to the upside races in Proctor & Gamble (PG).
\\n\\n
Xpress Block: John Grigus takes the OX hot seat today. A slow day on the desk, but Apple was the hottest topic. Closing out and dividend risk.
\\n\\n
Around the Block: Initial claims and new home sales this week. Nike and RIMM earnings 9/24.
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Option Block 167: TVIX Apocalypse
\\nTrading Block: VIX failed to do much today. TVIX still lighting up the tape, a surprise to all of us. Some activity going on in the Facebook Aug calls and puts. Retail sales down 5% in June. JPM \\u201cHedge Loss\\u201d now $5.8B -- always the same old story. PFG Best still spiraling into the toilet, the story seems to have taken Chicago by storm.
\\nOdd Block: Unusual and interesting activity in Intersil Corp. (ISIL) and PPL Corp. (PPL).
\\nXpress Block: Sean Fitzgerald discusses American Express on the upside, and Groupon on the downside.
\\nListener Mail: Implied vs Realized vol for credit spreads
\\nWhen considering volatility levels in opening a credit spread, which should have more weight in that consideration - implied vol or realized vol? Or, do both need to be considered in relation to each other? BTW, love the shows. Where else can one listen in on discussions regarding options, movie reviews and the mating habits of aquatic life? (Via the Options Insider forum from Phil, thepostguy)
\\nAround the Block: A lot of Fed talking this week, what\'s Bernanke going to say? Watching corn futures. Yahoo announcing new CEO. Earnings, Earnings, Earnings!
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