Option Block 72: The Great Oil Strangle

Published: July 8, 2011, 7:22 p.m.

Option Block 72: The Star Spangled Episode

Option Block fans, if you have ever wanted to see what goes on behind the scenes when taping an episode, your chance has arrived.\xa0 The entire gang will be live, in person at Elephant & Castle\xa0 at 111 W. Adams Street in Chicago on July 21.\xa0 Taping will start around 3:30, so you won't miss a minute of market action.\xa0 Stop by, bring your friends, and come prepared for a podcast experience like no other.

If you're inclined to want to RSVP so that we make sure we have enough room, you can do so at the Options Insider Facebook page.

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Trading Block:
\xa0 Readjusting collars in AAPL; rolling out of VXX; Sebastian trades AAPL Alpha index options; the futures parking lot.

Odd Block: Unusual activity in AMKR, AEO, KLAC, and THOR

Xpress Block:\xa0 Commodity rundown: sugar on the move up; natural gas still going down.\xa0 Most actives: SPY, RUT, SPX, AAPL, NFLX, SLV, GOOG, QQQ, VIX, and BIDU.\xa0 On the move: MSFT, XOM, GE, and JPM.\xa0 Trade idea: Crude oil strangle.

Strategy Block:\xa0 Risk management on naked options.\xa0 One word: Gamma

Around the Block:\xa0 Non-farm payrolls, VIX futures out of whack for the Aug-Sep term structure; earnings season is almost here.

Coming up....

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  • Mark Sebastian is a one-man webinar machine presenting a webinar with VolX on "Understanding and Trading Currency Volatility" on July 12.\xa0 You can find more information on the\xa0VolX.us website.\xa0 The next day, July 13, is his free monthly webinar, and\xa0on July 14, he's presenting a webinar with Price Futures Group.\xa0 For more details, visit the\xa0OptionPit.com website.\xa0
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  • Speaking of webinars....Know Your Options will be presenting a series of Sunday night webinars throughout July, including It's All Greek to Me on 7/17, Strike Price Selection on 7/24, and Plan the Trade, Trade the Plan on 7/31. Check\xa0KnowYourOptionsInc.com for more information.
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  • optionsXpress is also in the webinar business with IRA Strategies Part One: Covered calls on 7/12, and It's All Greek to Me on 7/17.
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Read more: http://www.theoptionsinsider.com/radio/?id=256#ixzz1RXkIwH8N
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