Option Block 870: Crazy Calls and Even Crazier Dividends

Option Block 870: Crazy Calls and Even Crazier Dividends HOST:  MARK LONGO, THE OPTIONS INSIDER CO-HOST: ANDREW GIOVINAZZI, OPTION PIT CO-HOST: MIKE TOSAW, ST. CHARLES WEALTH MANAGEMENT TRADING BLOCK SEGMENT VIX: 12.25 - DOWN .25 VVIX: 90.3 - UP 1.4 FROM LAST SHOW VXX: 13.4 - UP .5 FROM LAST SHOW  FEATURED DISCUSSION OF VIX AND SPIKES ODD BLOCK UNIT PUT LOVE MRNA CALL SALE MDT CALL LOVE MAIL BLOCK QUESTION FROM BILL: HOPEFULLY YOU CAN GO OVER THIS NEXT WEEK BEFORE JAN 23. NLOK (AKA OLD SYMC ) IS PAYING A 12 SPECIAL DIVIDEND WITH EX DATE OF FEB 3RD, SO WHY ARE THE PUTS SO CHEAP? IF THE STOCK IS AROUND 26 BUCKS, WOULDN'T THE 25 OR 26 PUT BE SELLING FOR MORE THAN A BUCK IF WE ASSUME THE STOCK WILL DROP BY 12 BUCKS AFTER THE EX DATE? THANKS QUESTION FROM PAUL M. PAULINO: HELLO, WHAT IS THE OPTION STRATEGY I CAN TAKE IF THE CALL OPTION I BOUGHT DOES NOT GO AS PROJECTED, THAT IS, THE STOCK PRICE GOES DOWN INSTEAD OF GOING UP. OTHER THAN SELLING TO CLOSE THE CALL OPTION, IS THERE ANOTHER ACTION I CAN TAKE TO AVOID THE LOSS. WHEN CAN I HEAR YOUR ANSWER? AROUND THE BLOCK WHAT'S ON OUR RADAR FOR THE REST OF THE WEEK?