Option Block 148: Bizarro Day
Trading Block: Preparing for Non-farms tomorrow. Now is a great time to get out of any short premium, if it's for a small price, and moving into long VIX calls. Gold got smacked out today. Natural gas up while oil and coal and both down.
Odd Block: Interesting and usual activity in Herbalife Ltd. (HLF), Green Mountain Coffee Roaster (GMCR), and earnings plays in LinkedIn (LNKD) and First Solar (FSLR).
Xpress Block: Tim Navabi discusses the broker as a tool. Know what you're getting into, have your information prepared, as most important of all, listen to your broker.
Strategy Block: Mike Tosaw tells a story involving the Simulated Index Concept. Moral "Is the risk justified in the decision that you're making, with the trade you're making."
Around the Block: A very short block today. Looking forward to Non-Farm payrolls.
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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