Trading Block: VIX reading down but vol was up. SLV sees unusually large trade.100k July 25 puts. How can one tell a hedge from a bearish trade when you look at the print? Tim and Mark discuss. Commodity turnaround in crude, natural gas.
Odd Block: Clinical Delta, Inc. CLDA, Bullish activity with 82k Jun calls going up on ADV of only 18k. Longtop Financial Technologies, Ltd. LFT, massive put buying. 14k puts trade on adv of 1,300.. Northern Dynasty Minerals NAK, major call buying in Aug 30, Nov, 20.
Xpress Block: Some movers in spite of slower than usual markets. In commodities: crude, soybeans, copper down; natural gas, OJ, cotton up. Crude settles at 109.92 with selling intense at the close. Are profit takers coming in on news of a potential cease fire in Libya? OX Movers: SLV, SPY, AAPL, GDX, Baidu, RUT, IWM, NFLX, QQQQ.
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