Podcasts Business The Option Block Option Block 253: Market Maelstrom

Option Block 253: Market Maelstrom

Published: June 21, 2013, 6:22 p.m.

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Option Block 253: Market Maelstrom

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Trading Block: The broad indices were down over 2%. All red, all day. Fed will cut $85 billion in monthly bond purchases by $20 billion. VIX cash breaks through the 20-handle for the first time since December. Apple, Google, GLD and more!

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Odd Block: Call combo unwinds in the CBOE Volatility Index (VIX) for big money, puts trade in Fleetcor Technologies (FLT), and puts trade in Contango Oil and Gas Co (MCF).

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Xpress Block: It\'s about time for an Alex Jacobson-style rant. \\xa0This is a market for options!

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Strategy Block: It\'s a two-for day in the strategy block: Risk vs. margin and being long-term bullish but short-term cautious.

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Around the Block: Will there be more selloff in the future? Should we keep the power dry going into the weekend?

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