Option Block 332: How to Waste a Good Hedge

Published: April 22, 2014, 5:46 p.m.

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Option Block 332: How to Waste a Good Hedge

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Trading Block: Back to rally mode on the street. Vol retreats yet again. Names before the bell: Haliburton (HAL), Hasbro (HAS) - After: Netflix (NFLX)

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Odd Block: Put sellers trade in SBA Communications Corp. (SBAC), call buyers trade in Merrill Lynch/Market Vectors Semiconductors ETF (SMH), review from 3/27/14 - calls trade in Ares Capital Corp. (ARCC) (this was a loser), and a review from 3/24/14 - call buyers jump in Quest Diagnostics Inc. (DGX) (possible winner).

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Xpress Block: Apple and Facebook dominate trades, though, a lighter than expected day today.

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Strategy Block: This week Uncle Mike talks about expiration day risk - just in case some of you got burned last week.

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Around the Block: Earnings season shifts into full gear. On tap for this week:

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APPL - 4/23, FB - 4/23, F - 4/25, GM - 4/24 before, MSFT - 4/24 after, UAL - 4/24 before & AMZN - 4/24 after.

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