Option Block 159: The 1-3.5-6 Ratio Condor Swap
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Option Block 159: The 1-3.5-6 Ratio Condor Swap
Trading Block: News is out that the central banks are trying to make a coordinated effort to help out Greece after the elections. Commodity rundown - open quota unchanged. Fallout for Apple after WWDC. Nokia down 15% on news of slashing 10,000 more jobs - down 50% since April. Is this the beginning of the end for Nokia? Will Microsoft buy them? Is this another Motorola?
Odd Block: Interesting and unusual activity in Tenet Healthcare Corp. (THC) and Safeway, Inc. (SWY).
Xpress Block: John Grigus is back at sits down in the OX hot seat to discuss a Nasdaq/OMX memo about starting a Facebook member accommodation program. Tomorrow is expiration.
Around the Block: Remember, this is expiration week! We\'ll have to see what happens to Nokia. Greece, Spain, Greece, etc.