Option Block 63: Rho - The Forgotten Greek
Option Block 63: Rho - The Forgotten Greek
Trading Block: GDP revision; tech sector rally; expensive stock with historically low implied volatilities; Chipotle discussion; post-split Citi vol; oases in the desert
Odd Block: SLV - ADV comes down to 500k; massive closing trade on July 25 puts - 100k closed at $0.10, or at the same price they were purchased. Pulte Group (PHM) & KB Homes (KBH) - size $1-wide strangles go up in both. AK Steel (AKS) - ADV = 12k, does 35k, the bulk of which is in the Joly 16's. 5:1 call-to-put ratio. Raising prices to offset higher material costs.
Xpress Block: Multipliers initiated firm-wide for certain products = waking up to margin calls. NFLX at or near 52-week high. 10-year note and 30-year bond as indicators of general markets and interest rates.
Strategy Block: Interest rate ramifications of owning options. LEAPS will no longer be cheap if interest rates rise. Rho discussion.
Around the Block: Holiday premium ship has sailed. What are weeklys doing to vol? The prospect of multi-week weeklys. LNKD options to begin trading Friday.
Coming up at....
Know Your Options: The Joplin, Missouri-based charities that Mike mentioned can be found at: Missouri Southern University, and; College Heights Christian Church.
You can also look for new webinars to begin again in June on Sunday nights.
optionsXpress: Monthly wishlist - get your votes in now.
Option Pit: Sign up now for the "Option Pit Life Boat" to save yourself from the consequences of poor education. Call Mark for details at 888-TRADE-01
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Trading Block: GDP revision; tech sector rally; expensive stock with historically low implied volatilities; Chipotle discussion; post-split Citi vol; oases in the desert
Odd Block: SLV - ADV comes down to 500k; massive closing trade on July 25 puts - 100k closed at $0.10, or at the same price they were purchased. Pulte Group (PHM) & KB Homes (KBH) - size $1-wide strangles go up in both. AK Steel (AKS) - ADV = 12k, does 35k, the bulk of which is in the Joly 16's. 5:1 call-to-put ratio. Raising prices to offset higher material costs.
Xpress Block: Multipliers initiated firm-wide for certain products = waking up to margin calls. NFLX at or near 52-week high. 10-year note and 30-year bond as indicators of general markets and interest rates.
Strategy Block: Interest rate ramifications of owning options. LEAPS will no longer be cheap if interest rates rise. Rho discussion.
Around the Block: Holiday premium ship has sailed. What are weeklys doing to vol? The prospect of multi-week weeklys. LNKD options to begin trading Friday.
Coming up at....
Know Your Options: The Joplin, Missouri-based charities that Mike mentioned can be found at: Missouri Southern University, and; College Heights Christian Church.
You can also look for new webinars to begin again in June on Sunday nights.
optionsXpress: Monthly wishlist - get your votes in now.
Option Pit: Sign up now for the "Option Pit Life Boat" to save yourself from the consequences of poor education. Call Mark for details at 888-TRADE-01
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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