Trading Block: Trifecta of bad news: Psychological breaks in Dow, S&P, Nasdaq, and VIX. Saudi and sovereign debt fears. China reports slow export growth. Crude talk. Metal mania? Crude price does not always equal gas price.
Odd Block: JTX: Closed at $0.74, or down 51%. Speculators betting stock goes to $0? Sprint: Closes up $0.20, does 107k contracts, with large positioning on May strike. FTR: Liquidity concentrated in May ahead of earnings. Could we be seeing a 3×5 put stupid?
Xpress Block: Futures liquidation madness. SPY, QQQQ, SLV, AAPL, NFLX, GOOG, and USO trade heavily. Rob K’s trading idea is an April 10 year note put spread.
Around the Block: Day of rage looms. Copper at support level. Retail sales, Michigan sentiment, and the guys have ideas for CME.
Coming up at:
- Know Your Options: Uncle Mike is on the road and Phoenix look out. He’ll be speaking this weekend at the OX event.
- OX: Upcoming webinars include: Ratio Spreads, Option Time Frames, and Volatility & Options Skew on 3/15 at 1:30 EST.
“