Option Block 196: Election Edition
Option Block 196: Election Edition
Trading Block: The market took off once early polling results came in, a broad-based rally across most of the market. Vol came in after being out most of the morning.
Odd Block: 30,000 contracts trade on the VIX Nov16 put.
Xpress Block: John Grigus gets the OX hot seat today to discuss VIX, recent highs in volume and the ex dividend date for Apple.
Mail Bag: Via email from Sigmund Fraud:
I have a 401k that's invested in the S&P. What's the best way to hedge it [outside of the 401k] from downside risk? Would beta-weighting with SDS be a good hedge or is there…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.