Option Block 135: Naked Canadians & A Conference Roundup
Trading Block: VIX on the rebound – the weekend coming back into the VIX, but the futures themselves were down today. A rundown from RMC: What is going into the term structure of the VIX futures? How does negative gamma scalping impact the market? Weeklies are not the primary gamma driver – it’s still in the front month. SPX put spread vs. VIX call calendars as a market hedge. A rundown from FIA Boca: Blame is still being tossed about for MF Global. CBOE announces “”VIX of VIX.”” ISE is perhaps creating a trading floor – what is the thought process on this? One share of Apple stock is now worth more than a new iPad! Thoughts on the Apple dividend?
Odd Block: Friday review: Lululemon Athletica, Inc. (LU), an activity review from Feb. 27: United Technologies Corp. (UTX)
Xpress Block: Holding down the OX desk, John Grigus discusses the increase in volume that’s been seen recently. Also JP Morgan dividends, a lot of OTM calls going out to June/July. The interest rate futures got pummeled.
Around the Block: Economic Calendar: This week starts with and ends with housing. DG on 3/22
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