Option Block 275: Predictably Crappy
Option Block 275: Predictably Crappy
Trading Block: A mild selloff, but gold and silver took it on the chin. AAPL down 30 handles in a dismal post iPhone announcement. Ichan liked it at $500, he’ll love it at $470. Lulu earnings before the open...sheer pants knock the stock down 5%, well off the highs of $82 from earlier this year.
Odd Block: Puts trade in Mechel OAO (MTL), calls trade in Wendy’s Co. (WEN), and calls trade in Vera Bradley Inc. (VRA). Alex discloses that he knows way too much about women’s retail.
Xpress Block: Lots of questions coming in about AAPL, LULU, and SPX.
Mail Block…
The skinny
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