Jun 26, 2012
Option Block 162: Risk Reversal Hour
Trading Block: Midday selloff continues following post-weekend/selloff vol pop. EU summit concerns with Spain requesting EU aid for their banks, and Cyprus requesting an EU bailout. Last week most active ever for VIX futures. New home sales hit a two-year high last month - 369,000 new homes vs, 346,000 expected. Oil continues to fall, right into the teeth of summer driving season. Everyone waiting on Supreme Court healthcare vote.
Odd Block: Unusual and interesting activity in Men's Warehouse (MW) and Motorola Solutions (MSI). Xpress Block: John Grigus sits down and discusses the news that Amex will be bringing back their binary options. Higher corn and grain prices due to a lack of rain in the midwest.
Listener Mail: Email from George K: I loved Mark's rants from the past few shows. He hit the nail on the head with both Morningstar and the "Wall Street" sequel. I'm a Morningstar subscriber but their options offerings are a complete joke. I agree with his comments that it's 1983 from Morningstar's options perspective. They pretend that they don't exist. Hopefully you guys can fix that. As for the "Wall Street" sequel, Mark left out my favorite part - the Budd Foxx/Charlie Sheen cameo. That bad was so bad that I turned off my TV in disgust. It took me about another month to get around to actually finishing the movie. In all seriousness, thank you Mark for making the Options Insider radio network and providing so much great content like the Option Block. There truly is nothing else like this network, or this show anywhere else. You've created a great home for options traders and we appreciate it.
Around the Block: Keeping an eye on the Supreme Court healthcare vote and the EU meeting later this week.