Option Block 56: Name Dropping Bid Laden
Trading Block: Trading on news? Bin Laden story doesn't move market much. SLV trades down?! Profit taking on margin increases.
Odd Block: FRX - ADV = 800, does over 14k on news of being a takeover target. 6:1 call-to-put ratio. FCX - bloated earnings ADV = 93k, does over 112k, mostly in weeklys. THC - ADV = 6k, does over 37k moving on takeover speculation.
Xpress Block: SLV, SLV, SLV. Fire sale! How the exchanges deal with stop orders. Earnings plays. The importance of understanding volatility.
Around the Block: Earnings, continued. Coming up: CBOE, TESLA, AMC, GM, Garmin, Electronic Arts, Activision, Chesapeake Energy, Stone Energy. Oh, there are employment numbers, too.
Coming up at:
optionsXpress: Monthly futures outlook with Jim Wyckoff; Russell Rhoads on VIX options and futures.
Option Pit: Mark is presenting non-directional spreads with the ISE. On Saturday, there is an all day event at CBOE on trading the VIX. Sebastian's buying the beers for Option Block listeners who show up.
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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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