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Oct 23, 2012

Option Block 193: Post-Earnings Selloff & Turnaround

Trading Block: Post-earnings selloff continues, but then we saw a dramatic turnaround late in the day. Iron flies on Microsoft post-earnings.

Odd Block: Large call spread purchased on MGIC Investment Corporation (MTG); calls bought on Eli Lilly (LLY).

Xpress Block: John Grigus gets the OX hot seat today and discusses Bank of America, new tech products, including the iPad mini, and the Samsung ChromeBook.

Around the Block: Looking forward to earnings: Facebook 10/23, Zynga 10/24, Amazon 10/25, Apple 10/25, Netflix 10/23.