Option Block 387: Crude Oil Put Palooza

Trading Block: Gold struggles to find buyers in third quarter. Lower oil prices give a lift to the American economy. Buffett to trade P&G stock to buy Duracell.

Odd Block: Calls trade in Cyberark Software LTD (CYBR), calls trade in Demand Media Inc. (DMD), call ratios trade in Charter Communications, Inc. (CHTR)

Xpress Block: Amazon and Apple hit near-term highs.

Mail Block: Listener questions and comments

• Question from DJSpin - What is your best play for a Santa Claus rally in SPY?
• Question from Eliac - Which OTM call strike performs the best when the underlying rallies?

Around the Block: Looking at crude and the 10-year. What will the bottom be in crude? More all-time highs in AAPL. Will it be a happy Christmas for holders of AAPL?