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Option Block 416: Blasting Out Cheap XLE Puts
\\nTrading Block: Rally ho on the street! Options traders are starting to pay up for crash protection, according to a recent note from Goldman Sachs. Long-dated crash put protection costs on the [S&P 500] have more than doubled over the past 9 months.
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\\nS&P 500 declines for third straight week as dollar resumes rally. OPEC says low oil prices may hit U.S. output by late 2015.
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\\nOdd Block: Puts trade in US Silica Holdings Inc. (SLCA), put trade in iShares MSCI Brazil Index (EWZ), and calls trade in Lowes Co. (LOW).
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\\nXpress Block: Check out both the Xpresso and Xpound blogs.
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\\nStrategy Block: Tosaw discusses breaking his rules in a recent put spread trade.
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\\nMail Block: Listener questions and comments
\\nAround the Block: Upcoming Earnings: Tuesday \\u2013 Oracle; Wednesday - FedEx, Silver Wheaton; Thursday - Nike, Lennar
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