Option Block 129: How Do You Know When You're Being Stupid?

Trading Block: Markets up, VIX down. Interesting activity in the VIX futures. Massive retail growth in weeklys. The Michael Myers market. Odd Block: Unusual activity in Morgan Stanley (MS) and Kellogg (K).Listener Mail: A listener has a college-age son with $10,000 to invest. They want to know if they're foolish to think if they can make money over time, and possibly even beat the S&P?Strategy Block: Uncle Mike asks, "How do you know when you're being stupid?"Around the Block: GM earnings before the open. Earnings next week in: RDN, Garmin. AAPL chat. CPI number out on Friday. Tim's keeping an eye on copper.

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Option Block 128: Funky Backspread

Trading Block: A decent selloff in VIX cash, but is the unknown still lurking? Greece stumbling toward salvation, but the worst is not over yet. Apple over 500 — up 2%. What's been causing this move to the upside? A few earnings after the bell: LPSN, SGEN.Odd Block: Unusual activity in NetApp, Inc. (NTAP), Live Nation Entertainment, Inc. (LYV), and Seattle Genetics, Inc. (SGEN).Xpress Block: Tim Navabi helps to explain "Estimated Commisions" when closing out short positions.Around the Block: Upcoming earnings: Zenga – 2/14 (The love following Facebook's IPO continues), GM 2/16, Marriott -2/15, NVDA – 2/15 and TESLA – 2/15. What's the best way to incorporate weeklies into ones’ current model?

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Volatility Views 40: Manipulating the VIX

Volatility Views 40: Manipulating the VIX

Volatility Review: Euro vol review. March Euro VolContract has an interesting phenomenon brewing — realized vol calculation is 7.93, and the inferred volatility is 10.84. How or where will they meet? Major correlation break in VIX/S&P 500.Volatility Viewpoint: Not afraid of controversy, the panel discusses the notion of VIX settlement price manipulation with Henry Schwartz, founder and CEO of Trade Alert.Crystal Ball: Short VIX going into the weekend, but then watch out for the unknown unknown. Don makes a shaky prediction that the Euro vol will dip lower.

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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.

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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.

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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.

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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.

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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.

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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.

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Option Block 120: Doin' Stuff

Trading Block: Another mild day on the market. Metals/Commodities rundown – GLD up a bit, but not much. Premium on the VIX futures is getting crushed. Corn and grains limit down after a USDA report this morning rocked the market.Odd Block: Unusual activity in Newell Rubbermaid, Inc. (NWL) and Research in Motion (RIMM). Xpress Block: Rob Kurzatkowski commands the OX desk today and discusses the ags from CME and Globex, limits and what you need to know before trading following reports. Strategy Block: Andrew Giovanazzi runs the strategy block and talks about doing stuff after trading Zenga and XLF.Around the Block: Earnings outlook: Goldman Sachs, Citi – 1/18, Intel – 1/19, as well as Apple – 1/24. Will we push through the 1300-level, or will it act as a level of resistance? Next Wednesday is VIX expiration for the Jan contracts.

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Option Block 119: The Fanboy Piggyback

Trading Block: Another mild day on the street. Apple hits a new high ahead of earnings, riding high on iPad 3 rumors. Apple's new high comes in spite of the fact that Android finally eclipsed IOS in the mobile market over the holidays. Netflix was up 14% today despite opting out of ultraviolet program. Is the widowmaker back? Nuance, perhaps a stealth play going into CES. Odd Block: Unusual activity in Perfect World Co., Ltd. (PWRD). Xpress Block: John Grigus runs the OX desk this week and discusses year-end topics, such as closing out worthless securities and most importantly, taxes. Listener Questions: Option margin Around the Block: Biotech and pharmaceutical stocks are lighting up the screens. Kodak closed and $0.40. What is their future? Looking forward to Alcoa. Lots of earnings and retail sales coming up.

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Option Block 118: Buying Cheapy Premium

Trading Block: Market mostly unchanged today. Vol off modestly – a decent day for gamma scalping in the VIX. Jobless claims modestly lower – the market shrugged it off. A Metals/Commodities rundown. Apple on a little bit of a tear which has rallied since mid-December, augmented by a lot of attention with the CES next week. A quick discussion of butterfly and iron butterfly positions. Odd Block: Unusual activity in Barnes & Noble, Inc. (BKS) and Fossil, Inc. (FOSL). Xpress Block: Tim Navabi discusses the recent surge in costumers buying risk, with Bank of America being the most popular. Around the Block: CES on the horizon and will impact the volatility of many tech stocks – be on the lookout for the next Nvidia, which rallied 50% in the weeks following CES last year. Where will oil go now that it's above 100?

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