Option Block 246: Jump on the Boat with the 10-Year Note
Option Block 246: Jump on the Boat with the 10-Year Note
\nTrading Block: CBOE/CME launches a new 10-year treasury VIX. It is the first volatility index based on U.S. government debt to be calculated and disseminated by CBOE. CBOE stock hits $40 on its 40th anniversary. CRM & MRVL earnings after the bell.\xa0 TSLA - hard to short stock, bears turning to puts. MSFT - is there no love for the new Xbox One? \xa0GME\xa0\u2013 could the new could Xbox wipe out the lucrative grey market for used games? GME is the leading liquidity provider. Vol is creeping back into Ford - stock had a nearly $.60 range today, up sharply over the past few aweeks.
\nOdd Block: Calls trade in Halozyme Therapeutics Inc. (HALO), Ratio put spreads trade in Alerian MLP (AMLP), and combos trade in Warner Chilcott ltd (WCRX)
\nXpress Block:\xa0 A lot of names, including the 10-year, lighting up the phones at OX. The June condor in the SPX, an example off of the Idea Hub.
\nStrategy Block: Mike Tosaw discusses "nimbility" - the ability to be nimble. It's very important to be nimble when trading, and not get locked in a specific strategy.
\nAround the Block: Holiday weekend. Don't forget to watch out for the weekend! Market should be very thin tomorrow.