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The Option Block

The Option Block All-Star Panel breaks down the latest developments in the options market, analyzes unusual options activity, explains cutting-edge options strategies, answers listener questions and much more. Whether you're an active options trader or just getting started in the options market, The Option Block will keep you informed and entertained.

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  2. Option Block 150: I'm a Trader, Not a Miracle Worker

Option Block 150: I'm a Trader, Not a Miracle Worker

May 11, 2012

Option Block 150: I'm a Trader, Not a Miracle Worker

Trading Block: Cisco moving to the downside again after disappointing earnings. Priceline brought in a lot of calls to OX after they missed their earnings mark. New tools, provided by CME, are planned to help traders spot arb opportunities between ETF options and futures options. CBOE looking at creating an Apple VIX product. Activision posts modest earnings - stock relatively unchanged.

Odd Block: Unusual and interesting activity in Cisco (CSCO): Bulls piling into risk reversals. TJX Companies, Inc. (TJX): Sizable short put spread. And an April 19 activity review: A burst of call buying on CBS Corp.

Xpress Block: Tim Navabi discusses the importance of futures and last trading day. Have a plan, and be prepared.
Strategy Block: The baton gets passed to Mr. Lobster, Andrew Giovannazi, to discuss buying options and spreads before earnings.

Around the Block: Nvidia before the bell tomorrow morning. Groupon 5/14-- Lots of interest in this one. Vol is high, attracting premium sellers en masse.