Option Block 351: Dollar General Insider Loses Millions

Trading Block: A quiet day on the street, given the shortened trading week. A stealth rally in Gold. Traders preparing pre Google earnings. Under 400K ADV in VIX today.

 

Odd Block: Call spreads trade in Dollar General Corp. (DG), size ratio spreads trade in Carnival Corp (CCL), puts sellers trade in Companhia Energetica Minas. (CIG), and small call buyers trade in Amicus Therapeutics, Inc (FOLD).

 

Xpress Block: Alex discusses premium harvesting in IdeaHub.

 

Strategy Block: Uncle Mike Tosaw discusses when it’s OK to break the rules and to make new ones.

 

Mail Block:

Question from Aviatrix - Hello all-star panel! Great program. I have a question about option open interest. I don’t really understand it. I’ve read some blogs that say open interest can impact a stock’s direction during expiration week. Is this just, as Mark would say, the “tin foil hat crowd” or is there something to this? Should I be tracking open interest as an indicator?  Keep the “wit and wisdom” coming!

 

 

Around the Block: Be aware - this is a shortened holiday week.