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The Option Block

The Option Block All-Star Panel breaks down the latest developments in the options market, analyzes unusual options activity, explains cutting-edge options strategies, answers listener questions and much more. Whether you're an active options trader or just getting started in the options market, The Option Block will keep you informed and entertained.

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  2. Option Block 238: Markets Have a Headache

Option Block 238: Markets Have a Headache

Apr 26, 2013

Option Block 238: Markets Have a Headache

 

Trading Block: Weekly expiration this Friday. Exxon sells off after a disappointing earnings announcement. CBOE was down for most of the day, causing a lot of headaches. Bundesbank came out and rejected the "outright monetary transaction" taking the wind out of the sails today.

Odd Block: Put spreads trade in Open Text Corp. (OTEX),calls trade in Supernus Pharmaceuticals Inc. (SUPN), giant combination trades in Talisman Energy Inc. (TLM), and crushing volume in Incredimail Ltd. (PERI).

Xpress Block: News just crossed the tape that George Soros just purchased an 8% stake in JC Penney.

Strategy Block: Uncle Mike, Andrew, and Alex each discuss their favorite war stories about some of the dumbest trades they've seen.

Around the Block: Upcoming earnings include Amazon, AIG, Pfizer, JC Penney. Could Europe end up back on the warning screens?