Option Block 351: Dollar General Insider Loses Millions
Option Block 351: Dollar General Insider Loses Millions
\nTrading Block: A quiet day on the street, given the shortened trading week. A stealth rally in Gold. Traders preparing pre Google earnings. Under 400K ADV in VIX today.
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\nOdd Block: Call spreads trade in Dollar General Corp. (DG), size ratio spreads trade in Carnival Corp (CCL), puts sellers trade in Companhia Energetica Minas. (CIG), and small call buyers trade in Amicus Therapeutics, Inc (FOLD).
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\nXpress Block: Alex discusses premium harvesting in IdeaHub.
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\nStrategy Block: Uncle Mike Tosaw discusses when it\u2019s OK to break the rules and to make new ones.
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\nMail Block:
\nQuestion from Aviatrix - Hello all-star panel! Great program. I have a question about option open interest. I don\u2019t really understand it. I\u2019ve read some blogs that say open interest can impact a stock\u2019s direction during expiration week. Is this just, as Mark would say, the \u201ctin foil hat crowd\u201d or is there something to this? Should I be tracking open interest as an indicator? \xa0Keep the \u201cwit and wisdom\u201d coming!
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\nAround the Block: Be aware - this is a shortened holiday week.