Alternate titles for this episode: Fed Boobery and Should Skeletor Run the Fed. Is that not reason enough to listen?
Download Option Block 468: Bernanke vs. Skeletor
Trading Block: The streak is broken – VIX Cash finally breaks 20! “More execs should have gone to jail after financial crisis” Bernanke says. Stocks jump as expectations ease of U.S. rate hike; oil gains. The London Metal Exchange (LME) introduces measures to grow options trading on exchange.
Odd Block: Puts trade in Materials Select Sector SPDR (XLB), calls trade in Conoco Phillips (COP), and calls and puts trade in Valeant Pharmaceuticals Intl. (VRX)
Strategy Block: Tosaw discusses dealing with covered calls that are going against you.
Around the Block: Alcoa, PepsiCo kick off Q3 earnings season.