Option Block 55: Silver Talk from Silver Tongues
Option Block 55: Silver Talk from Silver Tongues
Trading Block: Another options exchange? That makes 10! EK - oh, how the mighty have fallen. Motorola & MSFT - earnings barely move the names in after hours trading. Uncle Mike is turning into a silver broker.
Odd Block: Earnings-related activity continues. Equinix, Inc. (EQIX) - ADV = 2300, but does <68k on an unwinding of a huge call fly. Office Max (OMX) - misses earnings. ADV = 1700, does 30k with contrarians picking up cheap paper. Jet Blue (JBLU) - ADV = 1300, does over 10k, most of which is in December.
Xpress Block: Silver on the brain. Traders: Have a trading plan! Talking margin calls.
Around the Block: Earnings continues: Leapfrog, Tesla, CSCO, energy stocks. PMI, Michigan Sentiment.
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Trading Block: Another options exchange? That makes 10! EK - oh, how the mighty have fallen. Motorola & MSFT - earnings barely move the names in after hours trading. Uncle Mike is turning into a silver broker.
Odd Block: Earnings-related activity continues. Equinix, Inc. (EQIX) - ADV = 2300, but does <68k on an unwinding of a huge call fly. Office Max (OMX) - misses earnings. ADV = 1700, does 30k with contrarians picking up cheap paper. Jet Blue (JBLU) - ADV = 1300, does over 10k, most of which is in December.
Xpress Block: Silver on the brain. Traders: Have a trading plan! Talking margin calls.
Around the Block: Earnings continues: Leapfrog, Tesla, CSCO, energy stocks. PMI, Michigan Sentiment.
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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