Sep 20, 2011
Option Block 91: The Widowmaker Rides
Again
Trading Block: The "Widowmaker" (NFLX) CEO apologizes for the screw up with their pricing and thusly losing 1 million customers and the stock dropping 50% since the price increases in July. Could Netflix split into two separate businesses? Lenders tell Greece to get its act together and reduce the size of its government, or run out of cash within a few weeks. Metals/Commodities rundown -- collaring gold until November. Oil really took it on the chin due to uncertainty in Europe.
The Odd Block: Range Resources Corp. (RRC) saw its shares pop late this morning on news out of DealReporter that the company has been approached by a non-U.S. suitor. Cypress Semiconductor Corp. (CY) sees an early bearish put buyer this morning with the focus on the near month at-the-money contracts. Amerigroup Corp. (AGP) Interesting Option activity in ahead of the company’s analyst meeting in New York tomorrow morning.
Xpress Block: Rob Kurzatkoski discusses the goings on today at OX, including Netflix and the recent and strange gold and S&P relationship. Strategy Block: In this strategy block, Andrew Giovinazzi talks strategy about the metals/gold frenzy that is consuming everyone these days.
Around the Block: Housing starts tomorrow and existing home sales on Wednesday. Is housing a good indicator of the market? FOMC Wednesday -- their relevance is fairly benign given they're holding fast for the next couple of years. Also, Jobless claims Thursday.
Trading Block: The "Widowmaker" (NFLX) CEO apologizes for the screw up with their pricing and thusly losing 1 million customers and the stock dropping 50% since the price increases in July. Could Netflix split into two separate businesses? Lenders tell Greece to get its act together and reduce the size of its government, or run out of cash within a few weeks. Metals/Commodities rundown -- collaring gold until November. Oil really took it on the chin due to uncertainty in Europe.
The Odd Block: Range Resources Corp. (RRC) saw its shares pop late this morning on news out of DealReporter that the company has been approached by a non-U.S. suitor. Cypress Semiconductor Corp. (CY) sees an early bearish put buyer this morning with the focus on the near month at-the-money contracts. Amerigroup Corp. (AGP) Interesting Option activity in ahead of the company’s analyst meeting in New York tomorrow morning.
Xpress Block: Rob Kurzatkoski discusses the goings on today at OX, including Netflix and the recent and strange gold and S&P relationship. Strategy Block: In this strategy block, Andrew Giovinazzi talks strategy about the metals/gold frenzy that is consuming everyone these days.
Around the Block: Housing starts tomorrow and existing home sales on Wednesday. Is housing a good indicator of the market? FOMC Wednesday -- their relevance is fairly benign given they're holding fast for the next couple of years. Also, Jobless claims Thursday.