Option Block 299: Band-Aid for a Severed Jugular
Option Block 299: Band-Aid for a Severed Jugular
Trading Block: A broad rally across the street on the backs of strong manufacturing data. Fed meeting coming up. Herbal Life halted today. SEC promising to crackdown on insider trading. What exactly is HFT? Stock buybacks accounting for substantial percentages of ADV.
Odd Block: Puts buyers trade in Royal Bank of Canada (RY), puts trade in ZION Bancorp (ZION), calls trade in Noble Corp. (NE), and calls buyers trade in KBR, Inc. (KBR).
Xpress Block: Herbal Life, Oracle, Lululemon all popular names on the desk today.
Strategy Block: A shout out…
The skinny
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