A warning to all: Do not be drawn into the sweet allure of hopium, that fickle mistress that promises so much and rarely delivers.
Download Option Block 512: Do Not Smoke the Hopium
Trading Block: March Madness Poll – Winner: TradeKing, which (beat Interactive Brokers in the finals. Drawing winners will be announced on Thursday’s Option Block. An update on March options activity from ISE. OCC cleared contract volume up 4% in March. CME Group notches record ADV in Q1, while FX volumes fall. Stocks to Watch: Apple, Tesla, Alaska Air, Intel, Brocade.
Odd Block: Calls trade in Nike Inc. (NKE), calls trade in KKR & Co. (KKR), and calls trade in Reynolds American, Inc (RAI).
Strategy Block: Uncle Mike Tosaw discusses the importance of knowing your exit in a trade before your entrance.
Mail Block: Listener questions and comments
- Question from Bruno – Unusual activity in CPD puts. The customer bought and the stock rallied the next day. Does UA actually predict anything?
Around the Block: Earnings!
- Tuesday – Walgreen’s, Darden Restaurants, International Speedway Corporation
- Wednesday – Bed, Bath & Beyond, Constellation Brands, Monsanto Company
- Thursday – Rite Aid, CarMax, Con Agra Foods
This Week in the Market:
- The first full week of April and of the new quarter gets under way as the Federal Reserve releases the minutes from its last session. A new round of quarterly earnings is not far off.
- Apr 4: Factory Orders
- Apr 5: International Trade, JOLTS
- Apr 6: FOMC Minutes
- Apr 7: Jobless Claims