Interview Block: The gang is joined by Paul Jiganti, Special Products Consultant at NASDAQ OMX, where he’s working on the Alpha Indexes.
Trading Block: Sell off!! European debt woes; Italy and Greece downgraded. Sell silver vol. Does vol have support and resistance? Popping in VIX downside call skew? Bulls don’t have a care in the world.
Odd Block: MEMC Electronic Materials (WFR)- ADV = 7500, does 19k with size opening bullish call buys. Las Vegas Sands (LVS) – Does 90k of evenly mixed volume. Bulls jump into weeklys, call sellers drive into June. Cheniere Energy (LNG) – ADV = 7500, does over 52k. Review of April activity, riding size upside calls.
Xpress Block: Option chains will give you more information on products, including Alpha Indexes. Answering questions about LinkedIn short selling. First chance will be May 27, but availability will be very limited. Options will start on May 27, as well.
Around the Block: GDP Revision, durable goods, long weekend = selling premium earlier than normal. Look for bargains on Friday. Crude inventories.
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