Option Block 304: Polar Vortex Be Damned

Published: Jan. 7, 2014, 6:54 p.m.

Option Block 304: Polar Vortex Be Damned

\n

Trading Block: Another day, another mild selloff. Crazy fat finger print in gold futures. Apple taking it on the chin. Polar vortex = Boom market for snow derivatives?

\n

\n

Odd Block: Put sellers trade in Wyndham Worldwide Corp. (WYN), put sellers trade in iShares MSCI Japan ETF (EWJ), closing call sellers trade in iPath S&P 500 VIX Short Term Futures ETP (VXX).

\n

\n

Xpress Block: Apple, Twitter and Facebook: the three perennial favorites on the OX desk.\xa0

\n

\n

Strategy Block: Uncle Mike Tosaw discusses mortgages. "Should I pay it down or keep it for a tax deduction?"

\n

\n

\n

Around the Block: Jan 6: Factory Orders, ISM Non-Mfg Index. Jan 7: International Trade. Jan 8: ADP Employment Report, EIA Petroleum Status Report, FOMC Minutes. Jan 9: Jobless Claims. Jan 10: Employment Situation