Option Block 155: The Long and Winding Road to Nowhere

Published: June 1, 2012, 5:53 p.m.


Option Block 155: The Long and Winding Road to Nowhere
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Trading Block: Given the end of month, it was a strange seesaw-like day on the market. Facebook is actually going up, closing today at $29.53. There is a lot of opportunity in those options. Commodities movers today included crude oil, natural gas, soy meal, oats, soybeans, wheat, coffee and lumber. But who could forget about bond? Gold and silver rundown.\xa0

Xpress Block: Tim Navabi takes the OX seat and talks first about the Corzine Rule being proposed for futures brokers, and then the number tomorrow.
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Strategy Block: Uncle Mike Tosaw's strategy and story from today are about adjustments of trades.
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Around the Block: Again, the big number tomorrow - if you fail to prepare, be prepared to fail. Election in Greece later this month. Check out the Facebook options survey results posted on theoptionsinsider.com