Options Know-How: Industrial Stocks

How much do you know about playing the stock market with options?

The following are highlighted options insights and ideas from TheStreet.com.

From Mad About Options: Steer Clear of Steel (Video, Oct. 3):

Jud Pyle and Matt Buckley review Jim Cramer's recent bearish comments about U.S. Steel (X Quote) and offer an appropriate options strategy. Pyle and Buckley also offer options ideas for Yamana Gold (AUY Quote) and Jefferies (JEF Quote).

To watch the video, click the player below:

For more information about Mad About Options, visit www.ONN.tv.

From Slump in Railroad Stocks Raises Implied Volatility:

Yesterday's [Oct. 1] move higher in volatility and put volumes in a bevy of diversified industrial stocks -- despite a relatively flat finish for stocks -- continued apace today, with traders seeking defensive positions in transportation names. Adding urgency to the options positioning today is the biggest intraday drop in the value of the S&P Railroad Index in two decades, sending implied volatility in the options of most railroad stocks hurtling toward 52-week highs.