Option Block 249: Great Expectations

Option Block 249: Great Expectations Trading Block: Another schizophrenic day on the street. McDonald's announces some 24-hr stores will serve breakfast after midnight. The Zynga apocalypse! A big move in Apple. Odd Block: Calls trade in Savient Pharmaceuticals Inc. (SVNT), a collar unwinds in DOLE Food Company (DOLE), and call spreads trade in Tessera Technologies Inc. (TSRA). Xpress Block: What's new in the Idea Hub, weeklies, etc? Listener Mail: In which you, the listener, take over the program. Question from John King ‏@jking321: Have you read Schaeffer’s theory that Friday selloff due to delta hedging by SPY put sellers? Around the Block: Non-Farms. Non-Farms. Non-Farms! It will be the biggest event on Friday.