Podcasts Business The Option Block Option Block 306: Crazy Biotech Action

Option Block 306: Crazy Biotech Action

Published: Jan. 14, 2014, 6:34 p.m.

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Option Block 306: Crazy Biotech Action

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Trading Block: A mild selloff on the street. Still not many bids for volatility, except in select names. VIX due for a spike according to the Wall Street Journal. \\xa0NPR calls options "The riskiest place to invest outside of penny stocks."

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Odd Block: Puts trade in Clovis Oncology Inc. (CLVS), puts trading in Alnylam Pharmaceuticals Inc. (ALNY), puts trade in Five Below Inc. (FIVE), and calls trade in China Finance Online Co. (JRJC).

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Xpress Block: A big mover on the OX desk was LULU. Stealth selloff in crude and the 10-year. Beam bought by Suntory today for $16B.

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Strategy Block: Tosaw discusses one small piece of trading spreads with 3-4 legs.

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Around the Block: Earnings around the block: BAC on 1/15; CITI, GS, and INTC on 1/16.

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