Oct 19, 2012
Option Block 192: Earnings
Trading Block: GOOG earnings announced early,
although no one is sure why. Today is an earnings-palooza:
AMD, LUV, MSFT, NOK, VZ all after the bell.
Odd Block: Is McGraw-Hill Topped Out? (MHP);
puts rolled on Sprint Nextel (S); volatility purchased on Hertz
The Mail Block:
You ask. We
- EMAIL FROM
TED, WASHINGTON: “I know you guys have touched on this a
long time ago, but I can’t find the episode and I’m not sure if
there was ever an answer. My question is - how do you execute a
ratio spread using Xtend? I’ve been trying all morning to execute a
simple 1x2 put spread (buy 1, sell 2) all morning, yet when i
select put spread from the Xtend dropdown menu in the order ticket,
it defaults to having the legs be the same size. Whenever I try to
change the size of one leg, it automatically adjusts the other.
None of the other selections in the dropdown seem to work and I
don’t see a selection for “ratio spread.” Is there a way to do
this? If not, can ox please add a dropdown for ratio spreads in
Xtend. Thanks. Been a fan of the show since it launched and an ox
customer for about a year, mostly because of this show.
- RELATED EMAIL
QUESTION FROM FINN: I know Mark L. loves iron butterflies.
How do I trade those using Xtend? I don’t see an option for those
in the trade ticket?
- EMAIL FROM
Todd in MN: Hi guys, love you, love the show... A question
for the listener mail segment-- I'd be honored if you read it.
What's the most effective way for a retail investor to hedge an x%
decline in the overall market? Some guesses:
- - buy a back
month vertical put spread or single long put on $SPY and let
- - buy a vertical
call spread on $VIX and manage it closely?
- - C) none of the
Xpress Block: Trading picks up in VIX. Sebastian
Around the Block:
Earnings. Earnings. Earnings. FB, NFLX, ZNGA, and AMZN coming