Podcasts Business The Option Block Option Block 238: Markets Have a Headache

Option Block 238: Markets Have a Headache

Published: April 26, 2013, 9:32 p.m.

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Option Block 238: Markets Have a Headache

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Trading Block: Weekly expiration this Friday. Exxon sells off after a disappointing earnings announcement. CBOE was down for most of the day, causing a lot of headaches. Bundesbank came out and rejected the "outright monetary transaction" taking the wind out of the sails today.

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Odd Block: Put spreads trade in Open Text Corp. (OTEX),calls trade in Supernus Pharmaceuticals Inc. (SUPN), giant combination trades in Talisman Energy Inc. (TLM), and crushing volume in Incredimail Ltd. (PERI).

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Xpress Block: News just crossed the tape that George Soros just purchased an 8% stake in JC Penney.

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Strategy Block: Uncle Mike, Andrew, and Alex each discuss their favorite war stories about some of the dumbest trades they've seen.

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Around the Block: Upcoming earnings include Amazon, AIG, Pfizer, JC Penney. Could Europe end up back on the warning screens?