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Option Block 251: Insider Trading, Options-Style

Trading Block: Is the VIX going backwards? The rally has returned. Jobless claims fall by 12,000, sparking the rally. \xa0An insider trading case involving options. \u201cFor the first time since its inception, high-frequency trading, the bogey machine of the markets, is in retreat.\u201d VXX options hit record open interest. Exchanges finally subject to fines for misconduct.

Odd Block: Unwinding in Dole Food Company, Inc. (DOLE), calls trade in Monster Worldwide Inc. (MMW), and spreads trade in Sangamo Biosciences Inc. (SGMO)

Xpress Block: United Airlines showcased in the Idea Hub today. Updates on the Walk Limit.

Mail Block: Keep those questions coming.

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• Question from Jillian T. - Why is it so difficult to crack down on insider trading in options?
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• Question from Doug K, Halifax, Nova Scotia - I\u2019ve been long spy shares for much of the recent rally. Now I'm more than a little concerned. I've learned about collars through the great shows on this network. Do you think this is a good environment to consider a zero cost collar? Is a spy put/put spread a better option? Or would you recommend something else entirely? Thanks for all of your insight over the years.
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• Question from T-Bill - Does OX defer commissions when I close out short options for pennies?
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Around the Block: Markets are thin for the summer. A lot more 1% movement days in our near future.