Option Block 142: Premium Selling Idiots
Trading Block: VIX popped out of its range -- so much for fading to the downside. Apple, the target of an antitrust suit, was still up 1% yesterday. Commodities rundown -- new 10 year lows reached in the natural gas market.
Odd Block: Interesting and unusual activity in Iron Mountain (IRM).
Xpress Block: Mike Z from OX sits down for his first Xpress Block and discusses the announcement of ICE launching a cash settled grain futures contracts.
Strategy Block: Mike Tosaw goes over the difference between being a degenerate premium seller and just being an idiot -- and how to be the former instead of the latter.
Around the Block: Earnings are back baby! Google after the bell today. Intel earnings - 4/17. Thursday is (4/19) the big day with -- CMG, LUV, BAC, AMD, NOK. Keeping an eye on short puts in crude oil.
About Mark S. Longo
Mark S. Longo is the founder of The Options Insider Inc. - a firm dedicated to providing free options information, education, news and analysis for options users. Whether it's on TheOptionsInsider.com, a leading online options destination; through Options Insider Radio, the world's only radio network for options users; or through a growing number of newsletters and live events, Mr. Longo continues to provide new ways to spread the word about options.Mr. Longo's analysis of the options market has appeared in a wide variety of domestic and international publications, including The Wall Street Journal, Financial Times, Reuters, Futures Magazine, and more. As one of the few industry commentators with practical options experience, he has developed a substantial following among industry veterans and newcomers looking for insight into this complex market.Mr. Longo began his career as an options trader on the floor of the Chicago Board Options Exchange.
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