Published: Jan. 10, 2014, 7:58 p.m.
Option Block: Apple Kills Weekly Volatility
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Trading Block: Alcoa kicking it off after the bell. Apple crushes weekly premium by announcing a late earnings date - 1/27 as opposed to 1/23 like many expected. Many weekly options on the 1/24 cycle were cut in half.
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Odd Block: Review from Jan 7: Call buyers in Plug Power Inc. (PLUG), puts sellers trade in BlackBerry Ltd (BBRY), calls roll in Cheniere Energy, Inc. (LNG), and calls roll in American Realty Capital Properties (ACRP).
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Xpress Block: Alex discusses premium harvesting for futures.
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Mail Block: What do you want to talk about?
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\n- Tweet from Ziaur Rahman: what would be a good place to learn about options trading? I\u2019m interested in learning the basics on options trading.stock/index futures, then also discount broker to trade.
\n- Question from Jack: I know you guys are not tax advisors, and so nothing you say can be taken as certain in any answer to this question. \xa0I am a small time trader, and at the moment cannot afford a CPA with trading expertise in options to do my taxes. \xa0So I am wondering if you can talk about the potential tax consequences of front spreads, especially when used as covered call replacements? \xa0I've had good success with this strategy, and I would like to move it into my margin account this year, instead of just using it in the IRA to avoid the tax headache.\xa0
\n- Question from Ian Getz: I'm curious how you find good options related articles on the general internet with such a generic word as "options"? Any tips? Articles on the general internet with such a generic word as "options"?
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Around the Block: Upcoming Earnings: CITI, GS, and INTC: 1/16, BAC 1/15.