Option Block 53: Getting Closer To Oprah
Trading Block: AAPL & INTC earnings plays. SLV big mover of the day. Cotton, wheat, beans, palladium, sugar all up; FCOJ, coffee, lumber, hogs all down. CSCO ratio collar & Christmas tree ideas going into earnings.
Odd Block: SNDK: ADV = 30k, does 100k into earnings. TEVA: ADV = 22k, does 186k on results of competitors news. RDN – the bulls from long ago are hurting now.
Xpress Block: Long holiday weekend slows things down. Most actives at OX: SLV, SPY, APPL, SPX, QQQQ, GLD, NFLX, RUT, BIDU, FFIV. Many calls on SLV…you’re either long or wrong.
Around the Block: EARNINGS! LUV, AMD both unched in after hours. AMZN, F, MSFT, NFLX, OXPS, BIDU, KMP Coming up. Can SLV break through 50?
Coming up:
Know Your Options: Growing like gangbusters.
Option Pit: Mark is giving a presentation on Trading the VIX at CBOE on 5/7. If you come in to Chicago for the event, you might be in for an early dinner with the greasy meatball himself.
optionsXpress: Upcoming webinars include Introduction to Options part 4: the Long Put on 5/2, and Currency Alternative Trading Techniques on 4/27.
The Options Insider: Look for Mark’s keynote presentation at the High Frequency Trading Forum coming soon to the site.
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