Option Block Episode 44: Schwab Buys OX
Trading Block: Rally! M&A pushes market north. AT&T buys T Mobile, and Schwab merges with/acquires optionsXpress. Schwab is getting a good deal…maybe too good. Volatility gets smoked. April thwacked. May and June hold up. How many factors are keeping it above 20 in the longer term? New VIX products on individual names.
Trading Block: Rally! M&A pushes market north. AT&T buys T Mobile, and Schwab merges with/acquires optionsXpress. Schwab is getting a good deal…maybe too good. Volatility gets smoked. April thwacked. May and June hold up. How many factors are keeping it above 20 in the longer term? New VIX products on individual names.
Odd Block: XLE – bulls come out to play with april 78 – 82 call spreads. VIC does sizable bearish volume. EXPR – ADV = 150, trades 3,300, 2,400 of which are the 16.94 April contracts.
Xpress Block: Customers concerned on the merger news. Grigus talks them down.
Listener Mail: OX Social in Australia; Preferred analytics platoforms; What will happen to Option Block with the OX merger?
The Option Block all-star panel includes:
Mark Longo – The Options Insider
Mark Tosaw – Know Your Options, Inc.
Mark Sebastian – Option Pit
John Grigus – optionsXpress
Coming up with:
Know Your Options Inc.: Sunday and Monday webinars. Mike is guest speaking in Orlando at an OX event this weekend. Stop by.
Option Pit: Get $65 off the first month of an L1 membership when you use promo code OI11. Sign up for six months and get the L2 prep course recordings free.
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