Option Block 186: RIMM Time Spreads and SPY Dividends

Options Education

Option Block 186: RIMM Time Spreads and SPY Dividends

Posted September 28th, 2012 by Mark S. Longo in Education

Option Block 186: RIMM Time Spreads and SPY Dividends

Trading Block: A broad rally, thanks to Spain's spending cuts. RIMM earnings after the bell. It closed today at $7.14. Mark ponders the weekly/Oct 6-7-8 iron fly. Jobless claims hit a two-month low.

Odd Block: Implied volatility mover in Regions Financial (RF); volume signals in Deckers Outdoors (DECK), and; Coca Cola Enterprises (CCE). Love piling in for some size in Yahoo!, Inc. (YHOO), and a lot of call love in Medtronic, Inc. (MDT).

Strategy Block: Given last week's debacle with the SPY dividend play, when do you exercise a call to capture a dividend?

Around the Block: RIMM earnings summary. It was almost up to $8.50 in the after-hours. Looking ahead to the weekend. Apple. Non-farms payroll numbers 10/5. The market's reaction to the upcoming presidential debates and election.

About Mark S. Longo

Mark S. Longo is the founder of The Options Insider Inc. - a firm dedicated to providing free options information, education, news and analysis for options users. Whether it's on TheOptionsInsider.com, a leading online options destination; through Options Insider Radio, the world's only radio network for options users; or through a growing number of newsletters and live events, Mr. Longo continues to provide new ways to spread the word about options.Mr. Longo's analysis of the options market has appeared in a wide variety of domestic and international publications, including The Wall Street Journal, Financial Times, Reuters, Futures Magazine, and more. As one of the few industry commentators with practical options experience, he has developed a substantial following among industry veterans and newcomers looking for insight into this complex market.Mr. Longo began his career as an options trader on the floor of the Chicago Board Options Exchange.

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