Option Block 547: TWTR Frenzy, BABA Bounce and VRX Volatility

Trading Block: Strong earnings, surge in oil power Dow to record intraday high. Earnings today: Before the bell: Alibaba Group Holding Ltd, Kohls Corporation, Macys Inc.; After the bell: Cosi, Inc., Nordstrom Inc. VRX: ATM straddle approx. $3, 13%. So much for put buyers Stock opened $1.50 higher and closed nearly $6 higher - surrendered most of those gains today. Odd Block: Calls trade in Twitter Inc (TWTR), calls trade in Alibaba Group Holdings (BABA), puts trade in SPDR Retail ETF (XRT) Mail Block: Options Question of the Week Options #QuestionoftheWeek. What is your preferred way to trade crude oil? #QOTW WTI Options / Futures USO Options / ETF XLE Options / ETF Brent Options / Futures Question from Rpatel117 - Do you guys think DIS cross 100 this week?" Question from Matrix - Never sold options before. Why do some people prefer to sell them when they can buy them instead? Question from Cucas - What are the best resources for weeklies? Around the Block: This Week in the Market Aug 9: Productivity and Costs Aug 10: JOLTS, Treasury Budget Aug 11: Jobless Claims, Export Prices Aug 12: Retail Sales, Consumer Sentiment