Because you asked, we are talking about the ?Limit Order Display Rule: Exchange Act Rule 11Ac1-4″
Download Option Block 515: The Many Joys of Limit Order Display Rules
Trading Block: U.S. stocks fluctuate on earnings a crude oil retreats with gold. CITI before the bell tomorrow. Stock = $45, ATM straddle – $1.40 / approx. 3%. CME traders say chances of April interest rate hike are zero. Earnings:?Thursday (all before bell) – Bank of America, Wells Fargo, Delta Air Lines, PNC Financial Services, BlackRock.
Odd Block: Calls trade in Kate Spade Inc (KATE), puts trade in Seagate Technology PLC (STX), and calls trade in Freeport-McMoran (FCX)
Mail Block: Listener questions and comments
- Question from AJ M. -?I hope you guys can calm my frayed nerves over this DOL thing. What exactly is going on? Am I not going to be able to sell calls in my IRA anymore? Since the vast majority of my assets are in retirement accounts this would be a HUGE hit to my savings. Please tell me this is not the case. Is there anything I as a retail stock and options trader can do to help prevent this? What if I open an international trading account? Would that do the trick? Help – I need you guys to talk me off the ledge.
- Question from Jeremy M. – Hey Folks: I thought this might be a great question for The Option Block: ?Would you mind talking about the ?Limit Order Display Rule: Exchange Act Rule 11Ac1-4?? ?How it can help the retail investor? ?How the rule is applied to SPX and VIX options? ?When reading the?actual rule, it can get a bit confusing because its talking about ?odd lots? and ?block size order?, etc. ? Would be good to get your take on it. Perhaps the Rock Lobster may have an interesting perspective as a former market maker. ?Great program! Cheers, JM
Around the Block: This Week in the Market
- Apr 15: Consumer Sentiment
- Earnings on Friday – Citigroup