Option Block 161: Now With 75% More Ranting
Trading Block: A bit of a blood bath today after Goldman recommended shorting the S&P. A lack of VIX movement compared to a big 30-handle selloff. Moody’s to downgrade up to 15 banks after the close just piled on the bad news for today.
Odd Block: Interesting and unusual activity in Idenix Pharmaceuticals, Inc.(IDIX).
Xpress Block: Returning panelist Alex Jacobson takes the OX hot seat and discusses the “”non-reaction”” to today’s down market. Strategy Block: Uncle Mike Tosaw discusses contract selection and how it important it is have the correct contracts.
Around the Block: Maybe the weekend effect will play with the VIX and we may see the beginning of a rally. Short the VIX, long SPX. Keeping an eye on the Ford Dec 11’s and bond yields.
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