Option Block 148: Bizarro Day
Trading Block: Preparing for Non-farms tomorrow. Now is a great time to get out of any short premium, if it’s for a small price, and moving into long VIX calls. Gold got smacked out today. Natural gas up while oil and coal and both down.
Odd Block: Interesting and usual activity in Herbalife Ltd. (HLF), Green Mountain Coffee Roaster (GMCR), and earnings plays in LinkedIn (LNKD) and First Solar (FSLR).
Xpress Block: Tim Navabi discusses the broker as a tool. Know what you’re getting into, have your information prepared, as most important of all, listen to your broker.
Strategy Block: Mike Tosaw tells a story involving the Simulated Index Concept. Moral “”Is the risk justified in the decision that you’re making, with the trade you’re making.””
Around the Block: A very short block today. Looking forward to Non-Farm payrolls.
“