Podcasts Business The Option Block Option Block 204: Juicy AAPL Puts

Option Block 204: Juicy AAPL Puts

Published: Dec. 7, 2012, 7:15 p.m.

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Option Block 204: Juicy AAPL Puts

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Trading 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?

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Odd 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).

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Xpress 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".

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Strategy Block: Uncle Tosaw discusses weeklies in this strategy block.

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Around the Block: Fiscal cliff. Fiscal cliff. Fiscal Cliff. Non-farms in the morning. Weekend approaching but vol still has some legs.