Option Block 158: Mini Widowmaker
Option Block 158: Mini Widowmaker
Trading Block: VIX provided most of the movement in the market. Spain concerns weigh on the market again. Analyst says JP Morgan could make an upside surprise as they disclose more about the $2 billion "hedge." Apple's WWDC doesn't budge the stock - announces new MacBooks, iOS 6, better voice, no new iPhone, and switching away from Google maps - a potential big hit for Google. Commodity/vol rundown.
Odd Block: Interesting and unusual activity in Green Mountain Coffee Roasters, Inc. (GMCR), Pitney Bowes, Inc. (PBI), and Focus Media Holding, Ltd. (FMCN).
Xpress…
The skinny
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