Option Block 190: Getting Out of AAPL
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Option Block 190: Getting Out of AAPL
Trading Block: Another 0.0% move for the S&P today. Zynga was crushed again this week, and closing today at $2.43 as it takes a massive write-down on the OMG Pop acquisition. It also manages to bring Facebook down with it. Corn up 5% after U.S. harvest forecast slashed. Apple closing down about 13 handles or 2% to $628.10.
Odd Block: Upside calls active on Auxilium Pharma (AUXL); will Advanced Micro Devices Earnings surprise next week (AMD)?
Xpress Block: Sean Fitzgerald is back in the OX hot seat today, and discusses recent and interesting trades. Sprint, Wells Fargo and a bunch of earnings plays.
Around the Block: Earnings-Palooza: Southwest Airlines, Nokia, Microsoft, Verizon, AMD, Google, Bank of America, and Citi.