Option Block 126: VIX: You Don't Have To Go Home, but You Can't Stay Here

Published: Feb. 7, 2012, 7:55 p.m.

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Option Block 126: VIX: You Don\'t Have To Go Home, but You Can\'t Stay Here
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Trading Block: VIX creeping up off concerns of Greek debt weighing on the market again. Greece reportedly eliminating 15,000 jobs. NYSE/Deutsche Boerse deal was killed last week by the EU \\u2013 there will be no mega combination of three different options exchanges.
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Odd Block: Unusual activity in: Abercrombie & Fitch (ANF), and Solarwinds Inc. (SWI).
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Xpress Block: Tim Navabi discusses recently active and popular names out on the trading floor.
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Listener Mail: I want to be long the VIX or VX, what is the best way to do this?
I want to be long the VIX, but not get the decay and rebalancing from T-VIX of VXX. I\'ve never made a VX deep call with an option or future. Please let me know the best way to be long the VIX without the problems from VXX and T-VIX. Thanks so much, any help is appreciated.
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Around the Block: A big earnings week ahead: Disney 2/7 AMC; Cisco 2/7 AMC; CBOE 2/9 BMO; Activision 2/9 AMC; Groupon 2/8 AMC; LinkedIn 2/9 AMC.
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