Option Block 256: The Great AAPL and GLD Rebound:
\n\nTrading Block
\nAnother broad rally - a "doing stuff" kind of day. Gold spikes. Blackberry annihilated post-earnings. Corzine finally charged in MF Global debacle. The Options Industry Council (OIC) announced today that 361,180,257 total options contracts traded in June, up 10.86 percent compared to last year.
\n\nOdd Block
\nCalls Rolled in Sina Corp (SINA)\xa0
\nLegging into a Butterfly in Tempurpedic (TPX)\xa0
\nPuts Trading Air Products and Chemical (APD)
\n\nXpress Block
\nMetals, Tesla and Apple were lighting up the tape. Alex gives us a good lesson about margin.
\n\nStrategy Block
\nTosaw walks us through his recent strategy involving moving to cash after some rumbling in SPY
\n\nAround the Block
\nEarnings looming on the horizon. Remember the Independence Day holiday is this Thursday - be aware to the effect of theta.