Option Block 160: Blue Horeshoe Loves Option Block
Option Block 160: Blue Horeshoe Loves Option Block
Trading Block: Greek pro-bailout ruling was not exactly the boon the markets expected. Spanish load concerns still weighing on the market. Almost like a post-earnings throughout the market with vol coming in across the board. NAHB housing index of homebuilder sentiment highest in five years, but still below 50. The Supreme Court may rule whether Congress has the power to require people to buy health insurance. According to the bets, thereís a 68 percent probability that the lawís individual mandate will be ruled unconstitutional in 2012. Facebook reversed the trend of past week and finally closed upsize. Microsoft's secret Window 8 tablet - the new iPad killer?
Odd Block: Interesting and unusual activity in Harman International Industries (HAR), Molina Healthcare Inc. (MOH), and W.R Grace (GRA).
Listener Question: The dying breed of floor traders
With the dying breed that is the floor trader, can you share the craziest/scariest story/stories that you remember from your days on the floor? Being a younger guy myself and having only traded behind the friendly confines of the computer screen I often think to myself that I can't entirely appreciate the origins of the market having never been a part of that dying culture. (Via The Options Insider forum by: optionsvoodoo)
Around the Block: With Greece in the rear view window, and Facebook rallying, we're watching S&P and gold. The VIX may be headed to 17 or lower.
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