Option Block 512: Do Not Smoke the Hopium

Trading Block: March Madness Poll - Winner: TradeKing, which (beat Interactive Brokers in the finals. Drawing winners will be announced on Thursday's Option Block. An update on March options activity from ISE. OCC cleared contract volume up 4% in March. CME Group notches record ADV in Q1, while FX volumes fall. Stocks to Watch: Apple, Tesla, Alaska Air, Intel, Brocade. Odd Block: Calls trade in Nike Inc. (NKE), calls trade in KKR & Co. (KKR), and calls trade in Reynolds American, Inc (RAI). Strategy Block: Uncle Mike Tosaw discusses the importance of knowing your exit in a trade before your entrance. Mail Block: Listener questions and comments Question from Bruno - Unusual activity in CPD puts. The customer bought and the stock rallied the next day. Does UA actually predict anything? Around the Block: Earnings! Tuesday - Walgreen's, Darden Restaurants, International Speedway Corporation Wednesday - Bed, Bath & Beyond, Constellation Brands, Monsanto Company Thursday - Rite Aid, CarMax, Con Agra Foods This Week in the Market: The first full week of April and of the new quarter gets under way as the Federal Reserve releases the minutes from its last session. A new round of quarterly earnings is not far off. Apr 4: Factory Orders Apr 5: International Trade, JOLTS Apr 6: FOMC Minutes Apr 7: Jobless Claims