Option Block 334: Are Mini Options Dead?

Published: April 29, 2014, 5:03 p.m.

Option Block 334: Are Mini Options Dead?

\n

\n

Trading Block:

\n

Close to close is only half the story today. Russell and the NASDAQ lead the way. Stocks that pay a nice dividend are clear outperforming stocks that do not. Three candidates selected to oversee OPRA.\xa0

\n

\n

Odd Block:

\n

Puts go up in Diebold Inc (DBD)

\n

A three-way trade goes up in Range Resources Corp. (RRC)

\n

Calls buyers go up in Norhtstar Realty Finance Corp. (NRF)

\n

Put spread sales trade in Bank of America Corp (BAC) - potential roll down

\n

\xa0\xa0\xa0\xa0\xa0\xa0\xa0\xa0\xa0

\n

Xpress Block:

\n

A continuing rotation out of momentum into more quality names. Apple, Amazon IBM and Microsoft were all hot on the OX desk today.

\n

\n

Strategy Block:

\n

A two-part strategy block today. First, a few current strategies Uncle Mike is employing. Second, a trade for people who may not have been able to pull the trigger on a selling a bull put spread when the market was down today. \xa0

\n

\n

Mail Block:

\n

Question from Jason Kruse - Has probably been asked & answered many times, and I have missed it.. Will $AAPL minis continue to trade after the split?

\n

\n

Around the Block:

\n

A lot of economic news this week, including the Fed two-day FOMC meeting. On Monday, pending home sales and Dallas Fed manufacturing. More earnings: TWTR, MAR, CME & LKND

\n