Option Block 127: Predicting Facebook's First Day Closing Price
Trading Block: Apple is back to the races following the Nortel patent news -- up 10% post earnings and vol popping to the upside. Groupon down 14% - AGAIN. Cisco earnings were decent, but is the worst over? CBOE announces record volume numbers - stock shrugs in response. Activision out after the bell - now trading close to $13. LinkedIn after the bell as well. Tis the season to trading earnings long premium.
Odd Block: Unusual activity in IROBOT, (IRBT) AMDOCS LTD - (DOX), and a RENN review from Jan 30.
Xpress Block: Jon Grigus talks Facebook, its upcoming IPO, and poses the question "What will Facebook's closing price be on the first day of trading?"
LISTENER QUESTION If a brokerage says the fee for option assignment is $20, is that per share, per contract (100 shares) or per order? So if I have 10 contracts of 100 shares each, do I pay 2000, 200, or 20 assuming they are all assigned?
Around the Block: Upcoming earnings: GM 2/16 - Marriott 2/15 - NVDA 2/15 - TSLA 2/15. A final rundown of the earnings that came out today.
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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