Option Block 150: I'm a Trader, Not a Miracle Worker
\nTrading Block: Cisco moving to the downside again after disappointing earnings. Priceline brought in a lot of calls to OX after they missed their earnings mark. New tools, provided by CME, are planned to help traders spot arb opportunities between ETF options and futures options. CBOE looking at creating an Apple VIX product. Activision posts modest earnings - stock relatively unchanged.
\nOdd Block: Unusual and interesting activity in Cisco (CSCO): Bulls piling into risk reversals. TJX Companies, Inc. (TJX): Sizable short put spread. And an April 19 activity review: A burst of call buying on CBS Corp.Around the Block: Nvidia before the bell tomorrow morning. Groupon 5/14-- Lots of interest in this one. Vol is high, attracting premium sellers en masse.