Option Block 59: Live From OIC 2011
Trading Block: Mike admits the error of his CSCO ways; John admits that mental stops don’t always trigger; SLV – do you have your puts in place? With margins raised, speculators squeezed out; VIX – uncharacteristically weird; Mark Longo reports live from OIC 2011.
Odd Block: American Electric & Power – AEP – Call buying extravaganza. ADV = 4600, does 35k with 3:1 calls-to-puts. RR Donnelley & Sons – sees 32k Sep puts purchased; Hovanian Enterprises, Inc. – HOV – Seller does Jan 2012 2.5 puts 19k times at $0.50.
Xpress Block: People unclear on consequences of Citi reverse split. Gaming the system doesn’t work. Trust us.
Listener Mail: Extended options trading hours? Strategy dissection. Mike’s story from the Buffalo Bills to optionsXpress.
Around the Block: Finishing up earnings; watching commodities; OX in beta testing of the new forex platform.
Coming up at….
optionsXpress: Road show heading to Charlotte, Columbus, and the west coast. For more information, logon to optionsXpress.com, go to Educate / Events / Register for free.
Option Pit: The Wednesday pre-expiration free webinar this month is on adjusting butterflies. For more information go to www.optionpit.com/events
Options Insider: Keep an eye open for the explosion of OIC content coming your way. Mark will have interviews, panel sessions, and more.
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