Option Block 169: Synthetic Puts and the Fudge Factor

Trading Block: A selloff across the major indices today, amid concerns about financing in Spain. IMF is about to stop payments to Greece, thus increasing the odds of insolvency by September. VIX gets weekend back and then some. Even McDonald's can't make money in this environment – down about 3% after recent earnings.Odd Block: Unusual and interesting activity today in BCE Inc. (BCE) a Canadian telecommunications company, Logitech International (LOGI), and Under Armour (UA).Xpress Bock: Sean Fitzgerald once again takes the hot seat and discusses what came across the OX desk today. Large orders on the Russell, IWM, VXX and SPX weekly 1275 puts. Spikes in Apple and Google. Listener Mail: Three questions this round.Around the Block: A big week ahead: The calm before the Apple storm. Facebook earning on 7/26. Ford 7/25 – Before the bell. Others: Amazon – 7/26, Netflix – 7/24, Tesla Motors – 7/25, and Zynga – 7/25 – Caterpillar, Whole Foods, Boeing, Crocs, Cheesecake Factory and Buffalo Wild Wings.

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Option Block 168: Scalping GOOG Time Spreads

Trading Block: Lots of earnings after the bell – Google up, Microsoft meh, and Chipotle earnings down. Is this the rise of Qdoba? A mild rally across the board, accompanied by a mild vol sell-off. A bit of a rally in Ford.Odd Block: A straddle swap in USL, plus upside calls in Anglogold AU.Xpress Block: Sean Fitzgerald discusses Google and Chipotle, which were both very active on the OX desk today. A lot of rumor and speculation at Amazon. Oil topping the futures markets. Strategy Block: Mark Sebastian gets to host his first strategy block today and talks a little bit about the news of a big deal with Walgreens and Express Scripts and how someone made out handsomely, using options.Around the Block: A quick update of earnings. Upcoming names include Netflix and Apple on 7/24, and Zynga on 7/25.

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Option Block 166: Calendar Strangle Swap

Trading Block: PFG Best madness; the Chicago based options brokerage firm reeling after their CEO, Russ Wasendorf, attempted suicide after charges of fraud and a missing $200M+ in customer funds. How did the NFA miss this? Another day, another mild selloff that weakens toward the close. The Apple pre-pre earnings.Odd Block: Interesting and unusual activity: A size calendar strangle in VIX options.Strategy Block: Mike Tosaw leads the Strategy Block this week and discusses the ratio repair strategy.Listener Question: Should I sell the Ford Aug 9 puts for around $.30 and buy Ford Sep 10 calls for about $.15 – do you like this risk reversal? (Via Twitter from Dougman)Around the Block: The earnings fiesta begins! A tech day on 7/19: Google, Microsoft, Nokia, AMD (and the other Apple, Chipotle) Apple 7/24, Bank of America 7/18, Citi 7/16.

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Option Block 165: I Make Liquidity

Trading Block: Another day, another mild selloff. VIX getting the weekend/holiday back, plus a little more. Oil/Commodity rundown – the hot, dry weather has had a big impact of the ags, especially corn. Activision on the block. Odd Block: An unusual activity review for Materials Select Sector SPDR (XLB), Research in Motion, Ltd. (RIMM), and Horizon Pharma, Inc. HZNP (HZNP).Xpress Block: John Grigus gets the floor over at the OX desk and discuss the recent grain market and what to remember if you want to start trading ag futures and options.Mail Block: How do you explain what you do?Around the Block: Earnings season is back! Google on July 12, Citi on the 16th. Apple running pre pre-earnings. Keeping an eye on Activision and EA.

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