Option Block 122: Option Block After Dark

Published: Jan. 24, 2012, 9:46 p.m.

Option Block 122: Option Block After Dark\xa0\xa0\xa0

Trading Block: Greek debt swap is keeping the market in neutral. S&P and VIX both up today, but overall a slow trading day. Natural gas and Google are both gathering interest among traders. It is an interesting time to looking at long premium.\xa0\xa0\xa0

Odd Block: Usual activity in Melco Entertainment (MPEL), Alexza Pharmaceuticals (ALXA), and Ingersoll Rand (IR).

Xpress Block: Tim Navabi discusses the most recent strike of the widowmaker, Google, and some of the calls received by customers last Friday, unhappy with their positions.\xa0

Around the Block: Big earnings tomorrow! Apple, AMD, and Ford to name a few of the biggest. How much more can Apple rally on earnings? Ford, a wheel of fun candidate, is not risky enough for a collar.