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Option Block 252: The Dangers of Covered Straddles

Option Block 252: The Dangers of Covered Straddles

Trading Block: Market rallies ahead of the Fed, but lost steam in the late session. Gold selloff ahead of the Fed.

Odd Block: Puts trade in PVR Partners, LP (PVR), calls trade in Insmed Incorp. (INSM), and puts trade in UltraShort Real Estate Proshares (SRS)

Xpress Block: Netflix moves over $15, but otherwise, not a very exciting trading day

Listener Mail: The floor belongs to the listeners.

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