Option Block 55: Silver Talk from Silver Tongues

Trading Block:  Another options exchange?  That makes 10!  EK – oh, how the mighty have fallen.  Motorola & MSFT – earnings barely move the names in after hours trading.  Uncle Mike is turning into a silver broker.

Odd Block:  Earnings-related activity continues.  Equinix, Inc. (EQIX) – ADV = 2300, but does <68k on an unwinding of a huge call fly.  Office Max (OMX) – misses earnings.  ADV = 1700, does 30k with contrarians picking up cheap paper.  Jet Blue (JBLU) – ADV = 1300, does over 10k, most of which is in December.

Xpress Block:  Silver on the brain.  Traders: Have a trading plan!  Talking margin calls.

Around the Block:  Earnings continues: Leapfrog, Tesla, CSCO, energy stocks.  PMI, Michigan Sentiment.