Option Block 185: Dividend Trade Blowup
Option Block 185: Dividend Trade Blowup
Trading Block: VIX getting some of the weekend back courtesy of some selloff love. It's been a while since we've have a 1% down day. A big whoops with dividend trades for Merrill Lynch occurred Friday. Facebook taking it on the chin - down about 9%. Apple closing today down about 1.5%.
Odd Block: Some significant size going up in XLF; Oct 100 puts going up before earnings in Factset Research Systems Inc. (FDS), and; it’s off to the upside races in Proctor & Gamble (PG).
Xpress Block: John Grigus takes the OX hot seat today. A slow day on the desk, but Apple was the hottest topic. Closing out and dividend risk.
Around the Block: Initial claims and new home sales this week. Nike and RIMM earnings 9/24.
About Mark S. Longo
Mark S. Longo is the founder of The Options Insider Inc. - a firm dedicated to providing free options information, education, news and analysis for options users. Whether it's on TheOptionsInsider.com, a leading online options destination; through Options Insider Radio, the world's only radio network for options users; or through a growing number of newsletters and live events, Mr. Longo continues to provide new ways to spread the word about options.Mr. Longo's analysis of the options market has appeared in a wide variety of domestic and international publications, including The Wall Street Journal, Financial Times, Reuters, Futures Magazine, and more. As one of the few industry commentators with practical options experience, he has developed a substantial following among industry veterans and newcomers looking for insight into this complex market.Mr. Longo began his career as an options trader on the floor of the Chicago Board Options Exchange.
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