Option Block 72: The Great Oil Strangle
Option Block 72: The Great Oil Strangle
Option Block fans, if you have ever wanted to see whatgoes on behind the scenes when taping an episode, your chance hasarrived. The entire gang will be live, in person at Elephant & Castle at 111 W. Adams Street in Chicagoon July 21. Taping will start around 3:30, so you won't miss a minuteof market action. Stop by, bring your friends, and come prepared for apodcast experience like no other.
If you're inclined to want to RSVP so that we make sure we have enough room, you can do so at the Options Insider Facebook page.
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Trading Block: Readjusting collars in AAPL; rolling out of VXX; Sebastian trades AAPL Alpha index options; the futures parking lot.
Odd Block: Unusual activity in AMKR, AEO, KLAC, and THOR
Xpress Block: Commodity rundown: sugar on the move up; naturalgas still going down. Most actives: SPY, RUT, SPX, AAPL, NFLX, SLV,GOOG, QQQ, VIX, and BIDU. On the move: MSFT, XOM, GE, and JPM. Tradeidea: Crude oil strangle.
Strategy Block: Risk management on naked options. One word: Gamma
Around the Block: Non-farm payrolls, VIX futures out of whack for the Aug-Sep term structure; earnings season is almost here.
Coming up....
- Mark Sebastian is a one-man webinar machine presenting a webinar with VolX on "Understanding and Trading Currency Volatility" on July 12. You can find more information on the VolX.us website. The next day, July 13, is his free monthly webinar, and on July 14, he's presenting a webinar with Price Futures Group. For more details, visit the OptionPit.com website.
- Speaking of webinars....Know Your Options will be presenting a series of Sunday night webinars throughout July, including It's All Greek to Me on 7/17, Strike Price Selection on 7/24, and Plan the Trade, Trade the Plan on 7/31. Check KnowYourOptionsInc.com for more information.
- optionsXpress is also in the webinar business with IRA Strategies Part One: Covered calls on 7/12, and It's All Greek to Me on 7/17.
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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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