Option Block 168: Scalping GOOG Time Spreads

Option Block 168: Scalping GOOG Time Spreads Trading Block: Lots of earnings after the bell - Google up, Microsoft meh, and Chipotle earnings down. Is this the rise of Qdoba? A mild rally across the board, accompanied by a mild vol sell-off. A bit of a rally in Ford. Odd Block: A straddle swap in USL, plus upside calls in Anglogold AU.Xpress Block: Sean Fitzgerald discusses Google and Chipotle, which were both very active on the OX desk today. A lot of rumor and speculation at Amazon. Oil topping the futures markets. Strategy Block: Mark Sebastian gets to host his first strategy block today and talks a little bit about the news of a big deal with Walgreens and Express Scripts and how someone made out handsomely, using options. Around the Block: A quick update of earnings. Upcoming names include Netflix and Apple on 7/24, and Zynga on 7/25.