Option Block 162: Risk Reversal Hour
Option Block 162: Risk Reversal Hour
Trading Block: Midday selloff continues following post-weekend/selloff vol pop. EU summit concerns with Spain requesting EU aid for their banks, and Cyprus requesting an EU bailout. Last week most active ever for VIX futures. New home sales hit a two-year high last month - 369,000 new homes vs, 346,000 expected. Oil continues to fall, right into the teeth of summer driving season. Everyone waiting on Supreme Court healthcare vote.
Odd Block: Unusual and interesting activity in Men's Warehouse (MW) and Motorola Solutions (MSI). Xpress Block: John Grigus…
The skinny
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