Trading Block: Apple is back to the races following the Nortel patent news — up 10% post earnings and vol popping to the upside. Groupon down 14% – AGAIN. Cisco earnings were decent, but is the worst over? CBOE announces record volume numbers – stock shrugs in response. Activision out after the bell – now trading close to $13. LinkedIn after the bell as well. Tis the season to trading earnings long premium. Odd Block: Unusual activity in IROBOT, (IRBT) AMDOCS LTD – (DOX), and a RENN review from Jan 30. Xpress Block: Jon Grigus talks Facebook, its upcoming IPO, and poses the question "What will Facebook's closing price be on the first day of trading?" LISTENER QUESTION If a brokerage says the fee for option assignment is $20, is that per share, per contract (100 shares) or per order? So if I have 10 contracts of 100 shares each, do I pay 2000, 200, or 20 assuming they are all assigned? Around the Block: Upcoming earnings: GM 2/16 – Marriott 2/15 – NVDA 2/15 – TSLA 2/15. A final rundown of the earnings that came out today.
Option Block 126: VIX: You Don't Have To Go Home, but You Can't Stay Here
Trading Block: VIX creeping up off concerns of Greek debt weighing on the market again. Greece reportedly eliminating 15,000 jobs. NYSE/Deutsche Boerse deal was killed last week by the EU ? there will be no mega combination of three different options exchanges. Odd Block: Unusual activity in: Abercrombie & Fitch (ANF), and Solarwinds Inc. (SWI). Xpress Block: Tim Navabi discusses recently active and popular names out on the trading floor. Listener Mail: I want to be long the VIX or VX, what is the best way to do this? Around the Block: A big earnings week ahead: Disney 2/7 AMC; Cisco 2/7 AMC; CBOE 2/9 BMO; Activision 2/9 AMC; Groupon 2/8 AMC; LinkedIn 2/9 AMC.
Option Block 126: VIX: You Do Not Have To Go Home, but You Cannot Stay Here
Trading Block: VIX creeping up off concerns of Greek debt weighing on the market again. Greece reportedly eliminating 15,000 jobs. NYSE/Deutsche Boerse deal was killed last week by the EU ? there will be no mega combination of three different options exchanges. Odd Block: Unusual activity in: Abercrombie & Fitch (ANF), and Solarwinds Inc. (SWI). Xpress Block: Tim Navabi discusses recently active and popular names out on the trading floor. Listener Mail: I want to be long the VIX or VX, what is the best way to do this? Around the Block: A big earnings week ahead: Disney 2/7 AMC; Cisco 2/7 AMC; CBOE 2/9 BMO; Activision 2/9 AMC; Groupon 2/8 AMC; LinkedIn 2/9 AMC.
Option Block 125: When Squishy Becomes a Technical Term
Trading Block: Is it too risky to actively short volatility in this environment? Andrew thinks that, from a volatility point of view, all things are pointing in the same direction. Earnings plays. What's the deal with Amazon? Chipotle, or stealth Apple, is nothing but classy. Andrew gives taqueria recommendations in San Francisco. All is right in the world, so it's time to buy stocks.Odd Block: Unusual activity in Zynga, Inc., Facebook is spreading the love.Xpress Block: John Grigus discusses the IPO process, and the confusion around when the stock will actually trade. Tax season updates on 1099's.Around the Block: Non-farms payrolls released on Friday before the open. Andrew suggests an ADP indicator. Earnings still coming out: Activision, CBOE, CSCO, Groupon.
Option Block 125: When Squishy Becomes a Technical Term
Trading Block: Is it too risky to actively short volatility in this environment? Andrew thinks that, from a volatility point of view, all things are pointing in the same direction. Earnings plays. What's the deal with Amazon? Chipotle, or stealth Apple, is nothing but classy. Andrew gives taqueria recommendations in San Francisco. All is right in the world, so it's time to buy stocks.Odd Block: Unusual activity in Zynga, Inc., Facebook is spreading the love.Xpress Block: John Grigus discusses the IPO process, and the confusion around when the stock will actually trade. Tax season updates on 1099's.Around the Block: Non-farms payrolls released on Friday before the open. Andrew suggests an ADP indicator. Earnings still coming out: Activision, CBOE, CSCO, Groupon.
Option Block 124: Confessions of a Juice Buying Junkie
Trading Block: It was a calm day in volatility, given that it has been beaten up recently. What effect does Greece's financial woes has on our market anymore? The precious Metals market pulls back, affected by China. The yellow Wiggle is out: Australia is in turmoil! The biggest kids brand is in the toilet, sold Wiggles sold!!! Scalping tech Vol. Odd Block: Unusual activity in Pfizer Inc. (PFE), Cell Therapeutics Inc. (CTIC) (an odd block special!), and RenRen Inc. (RENN). It looks like Facebook love is spreading to RENN.Mail Bag: The weekly butterfly risk and reward Around the Block: Earnings: Amazon coming out after the close tomorrow. Numbers: Non-Farms on Friday, this week we might see some numbers pop.
Option Block 124: Confessions of a Juice Buying Junkie
Trading Block: It was a calm day in volatility, given that it has been beaten up recently. What effect does Greece's financial woes has on our market anymore? The precious Metals market pulls back, affected by China. The yellow Wiggle is out: Australia is in turmoil! The biggest kids brand is in the toilet, sold Wiggles sold!!! Scalping tech Vol. Odd Block: Unusual activity in Pfizer Inc. (PFE), Cell Therapeutics Inc. (CTIC) (an odd block special!), and RenRen Inc. (RENN). It looks like Facebook love is spreading to RENN.Mail Bag: The weekly butterfly risk and reward Around the Block: Earnings: Amazon coming out after the close tomorrow. Numbers: Non-Farms on Friday, this week we might see some numbers pop.
Option Block 123: Like a Virgin
Trading Block: Apple blows the doors off earnings again ? long premium going into earnings was the way to play it. JC Penney up $6.50 today, but is it best to still keep a short position? Netflix on the comeback trail? Odd Block: Unusual activity in Deutsche Bank AG (DB) and DeVry Inc. (DV).Xpress Block: Tim Navabi breaks down the recent activity at OX. Have the recent round of earnings and a move to the upside started to lure back degenerate premium sellers back to Netflix? Have people continued to dive back into the short end of Google? Strategy Block: In this rare opportunity, Mark Sebastian takes over the strategy block to discuss what he thinks about the VIX.Around the Block: Keeping an eye on Ford and Apple – again. Very interesting to see oil still around the 100 mark – gold and silver are also moving. Earnings: Jan 31 – Amazon, Feb 1 – Chipotle (stealth Apple), Exxon Mobile & UPS – next week.
Option Block 123: Like a Virgin
Trading Block: Apple blows the doors off earnings again ? long premium going into earnings was the way to play it. JC Penney up $6.50 today, but is it best to still keep a short position? Netflix on the comeback trail? Odd Block: Unusual activity in Deutsche Bank AG (DB) and DeVry Inc. (DV).Xpress Block: Tim Navabi breaks down the recent activity at OX. Have the recent round of earnings and a move to the upside started to lure back degenerate premium sellers back to Netflix? Have people continued to dive back into the short end of Google? Strategy Block: In this rare opportunity, Mark Sebastian takes over the strategy block to discuss what he thinks about the VIX.Around the Block: Keeping an eye on Ford and Apple – again. Very interesting to see oil still around the 100 mark – gold and silver are also moving. Earnings: Jan 31 – Amazon, Feb 1 – Chipotle (stealth Apple), Exxon Mobile & UPS – next week.
Option Block 122: Option Block After Dark
Trading Block: Greek debt swap is keeping the market in neutral. S&P and VIX both up today, but overall a slow trading day. Natural gas and Google are both gathering interest among traders. It is an interesting time to looking at long premium. Odd Block: Usual activity in Melco Entertainment (MPEL), Alexza Pharmaceuticals (ALXA), and Ingersoll Rand (IR).Xpress Block: Tim Navabi discusses the most recent strike of the widowmaker, Google, and some of the calls received by customers last Friday, unhappy with their positions. Around the Block: Big earnings tomorrow! Apple, AMD, and Ford to name a few of the biggest. How much more can Apple rally on earnings? Ford, a wheel of fun candidate, is not risky enough for a collar.
Option Block 122: Option Block After Dark
Trading Block: Greek debt swap is keeping the market in neutral. S&P and VIX both up today, but overall a slow trading day. Natural gas and Google are both gathering interest among traders. It is an interesting time to looking at long premium. Odd Block: Usual activity in Melco Entertainment (MPEL), Alexza Pharmaceuticals (ALXA), and Ingersoll Rand (IR).Xpress Block: Tim Navabi discusses the most recent strike of the widowmaker, Google, and some of the calls received by customers last Friday, unhappy with their positions. Around the Block: Big earnings tomorrow! Apple, AMD, and Ford to name a few of the biggest. How much more can Apple rally on earnings? Ford, a wheel of fun candidate, is not risky enough for a collar.
Option Block 121: Degenerate Options Traders
Trading Block: Ho hum day on the street, but VIX makes it below 20 after much dancing in the area. Looking at a sleepy creep up of the general markets and for a dedicated selling of volatility. Uncle Mike's patience has paid off in Ford. Mark rolls in the Wheel of Fun. The gang fixes the issues with weeklys, but are the exchanges listening? Playing around in earnings season. Kodak throws in the towel and declares bankruptcy. Odd Block: Unusual activity in Safeway, Inc. (SWY).Strategy Block: Uncle Mike takes us through win-loss ratios. High probability does not equal guaranteed money. Premium selling is not an annuity; you still have to prepare for risk. Around the Block: Earnings dominating the horizon.
