Option Block 186: RIMM Time Spreads and SPY Dividends
Episode description
Option Block 186: RIMM Time Spreads and SPY Dividends
Trading Block: A broad rally, thanks to Spain's spending cuts. RIMM earnings after the bell. It closed today at $7.14. Mark ponders the weekly/Oct 6-7-8 iron fly. Jobless claims hit a two-month low.
Odd Block: Implied volatility mover in Regions Financial (RF); volume signals in Deckers Outdoors (DECK), and; Coca Cola Enterprises (CCE). Love piling in for some size in Yahoo!, Inc. (YHOO), and a lot of call love in Medtronic, Inc. (MDT).
Strategy Block: Given last week's debacle with the SPY dividend play, when do you exercise a call to capture a dividend?
Around the Block: RIMM earnings summary. It was almost up to $8.50 in the after-hours. Looking ahead to the weekend. Apple. Non-farms payroll numbers 10/5. The market's reaction to the upcoming presidential debates and election.