Option Block 442: What to Do During Extended Stock Halts
Trading Block: A Greek deal drives the rally ho! Dow briefly adds 150 points, NASDAQ sets intraday high on Greece hopes. Crude and gold both drop - gold off 1.5%. Hilton: Why are so many traders betting on this hotel giant? Amberella getting crushed.
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\nOdd Block: Puts trade in Ford Motor Company (F), calls trade in Owens Corning (OC), and calls trade in Green Plains Inc. (GPRE).
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\nStrategy Block: Uncle Mike discusses selling calls to hedge, post rally.
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\nMail Block: Listener questions and comments
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- Question from Kevin Duggan: to info Hi Mark, I love your shows! Question - What happens to my options if the underlying gets halted permanently? Would I ever be able to close them? I am remembering Sino Forest from a few years ago in Canada- stock got halted pending a fraud investigation and never came back. I am worried that I will not be able to cash in on my BABA Puts! Thanks, Kevin \n
Around the Block: Are there still earnings left? Evidently, with Blackberry reporting later. Will there be new all-time highs? Greece default date: 6/30.