Option Block 87: OX-Schwab Day One
Trading Block: Another yo-yo day on the street. Manufacturingdata was stronger than expected, but not enough to keep the marketpositive. The long weekend should have been priced out already, but itseems that many traders are holding off from hitting the bids ahead ofnon-farms tomorrow. A look of the metals/commodities: gold, silver, andnatural gas.
Odd Block: Unusual activity in: Dunkin? Brands Group, Inc. (DNKN); American Express Co. (AXP); Lexmark (LXK)
Xpress Block: Alex Jacobson is back and discusses Legal Day 1 -the first day the Schwab/Option Xpress business combination becamelegal, and the party that ensued outside his window. The futures arebecoming a more mainstream product.
Strategy Block: Mike Tosaw discusses the world of 1 by 2 ratio spreads. What are the advantages & disadvantages?
Around The Block: Everyone is keeping their powder dry ahead ofnon-farms payrolls tomorrow. Is this the time to get long premium andperhaps get a free weekend?
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