Trading Block: Snooze fest ahead of Bernanke interview. Mixed day on oil. Copper testing support. Weight bearing down on silver bulls.
Odd Block: VVUS – does 26k contracts on ADV of 4k on the news that one of their drugs can reduce both blood pressure and cholesterol. XNPT: Front month vol is 360%. Does 11k contracts on ADV of 2k. IRM – ADV of 6k, does 14,500 on bullish activity, especially July 35-40 call spread and a sizable call to put ratio. AKS: Upside coming from renewed takeover chatter, bulls stampede in with upside calls.
Xpress Block: A lot of Southwest (LUV) activity on the bullish side. Nasdaq stocks on a slow grind. Are people afraid to short the market? Traders riding the oil wave.
Strategy Block: The top five questions to ask to know if your financial adviser understands options or not.
Around the Block: Ben Bernanke interview tonight. Fed minutes coming up. Jobless claims. Keep an eye on time spreads.
Upcoming items of note:
Option Pit: In celebration of the one-year anniversary, if you sign up for the future professionals class, you can get the vol seminar free.
optionsXpress: Live event coming up in LA. Complimentary coaching webinar. Xpresso webinar debuts on 4/21.
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