Option Block 384: BABA Preview and Ratio Spread Breakdown
\nTrading Block: A mild day on the street. The bloodbath in crude continues - closing down on the day. Alibaba now worth more than Wal-Mart. Apple iWatch to be delayed - not affecting AAPL on the day.
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\nOdd Block: Calls trade in CBS Corp. (CBS), puts trade in Gerdau SA (GGB), and giant call buyer in Autodesk (ADSK).
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\nXpress Block: Amazon, declining oil and other conversation topics from OX social.
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\nStrategy Block: Uncle Mike Tosaw discusses the ratio spread strategy in combination with stock.
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\nAround the Block: Non-Farms on Friday. BABA before the bell. ATVI - 11/4, DIS - 11/6 after, PCLN - 11/4 before, TSLA - 11/5 after.