Trading Block: S&P, Dow, Nasdaq down, Consumer confidence up. Oil hits two year high. AAPL Christmas tree risk reversal. Amazon free streaming goes live.
Odd Block: Bears come down to Iron Mountain (IRM) with 4x normal volume. Carnival Cruise (CCL) cruising in bearish waters, but contrarians see a life boat. THC – review of suspicious call buying.
OX / Spread Block: OX traders burnt out on bullish GLD turn to neutral strategies: butterflies and calendar spreads. Brent crude/WTI crude spread action. Bearish AAPL order flow.
Around the Block: AAPL, NFLX, GDP. Upcoming earnings: Garmin, GM, THC. Libya…pushing VIX to 30??
The Option Block All-Star Panel Includes:
o Mark Longo – The Options Insider
o Mark Sebastian – Option Pit
o Rob Kurzatkowski – OptionsXpress
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