Click here to access Option Block 384: BABA Preview and Ratio Spread Breakdown
Trading Block: A mild day on the street. The bloodbath in crude continues – closing down on the day. Alibaba now worth more than Wal-Mart. Apple iWatch to be delayed – not affecting AAPL on the day.
Odd Block: Calls trade in CBS Corp. (CBS), puts trade in Gerdau SA (GGB), and giant call buyer in Autodesk (ADSK).
Xpress Block: Amazon, declining oil and other conversation topics from OX social.
Strategy Block: Uncle Mike Tosaw discusses the ratio spread strategy in combination with stock.
Around the Block: Non-Farms on Friday. BABA before the bell. ATVI – 11/4, DIS – 11/6 after, PCLN – 11/4 before, TSLA – 11/5 after.