Option Block 214: Apple Moves and Hysteria Ensues

Published: Jan. 18, 2013, 7:52 p.m.

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Option Block 214:\xa0 Apple Moves and Hysteria Ensues

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Trading 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

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Odd Block: Some upside love in Brookdale Senior Living (BKD), calls active in Avail Pharmaceuticals, and puts selling in DeVry Inc. (DV).

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Xpress Block: Apple earnings have been lighting up the screens of the Idea Hub at OX. A mandatory update on Extend has been released.\xa0

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Strategy Block: Uncle Mike discusses getting out of nickel options this week.

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Around 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.