Option Block 311: VIX Drops the Ball
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Option Block 311: VIX Drops the Ball
\\nTrading Block: An aggressive selloff today, S&P off 41 handles, NASDAQ down 107 handles. VIX cash passes the 20-handle.\\xa0 A weak start to February. Apple and GLD were the lone greens on the screen today. That makes for a happy Tosaw. The OIC announced today that 389,821,135 total options contracts traded in January, the seventh highest monthly volume ever. TTWO earnings after the bell.
\\n\\nOdd Block: Collars go up in Two Harbors Investment Corp. (TWO), call buyers trade in Powershares DB Agriculture (DBA), and collars go up in Seattle Genentics, Inc. (SGEN)
\\n\\nXpress Block: A difficult day at the OX desk. All hands on deck after the opening selloff.
\\nStrategy Block: Uncle Mike Tosaw expands on his discussion on rolling down puts.
\\nAround the Block: More Earnings-palooza:
\\n\\nCME 2-4 before; RDN 2-5 before; DIS & TWTR 2-5 after; GM, LNKD, and ZNGA 2-6; CBOE 2-7.
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