Option Block 58: SLV - The Saga Continues
Trading Block: Mostly bullish day. End of selloff in SLV, and everyone is happy again. Puts enable long-term sentiment. The beauty of collars. Citi reverse split and the drop heard 'round the world.
Odd Block: Research in Motion - RIMM - ADV = 92k, does 175k with traders expecting downside bearish trend to continue with sizable put flies going on. H&R Block - HRB - ADV = 7k, does 30k on the rumor that it may have to buy back billions in failed mortgages.
Around the Block: More earnings to come: CSCO, Disney, Activision; crude inventories, jobless claims, PPI, CPI.
Coming up at:
Know Your Options: Blood, Sweat & Tears this Saturday at the blood drive for Physicians Express in St. Charles. Come on by.
Options Insider: Look for the explosion of radio content coming to you from the 2011 OIC conference in Savannah Georgia.
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Odd Block: Research in Motion - RIMM - ADV = 92k, does 175k with traders expecting downside bearish trend to continue with sizable put flies going on. H&R Block - HRB - ADV = 7k, does 30k on the rumor that it may have to buy back billions in failed mortgages.
Around the Block: More earnings to come: CSCO, Disney, Activision; crude inventories, jobless claims, PPI, CPI.
Coming up at:
Know Your Options: Blood, Sweat & Tears this Saturday at the blood drive for Physicians Express in St. Charles. Come on by.
Options Insider: Look for the explosion of radio content coming to you from the 2011 OIC conference in Savannah Georgia.
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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