Option Block 317: The Old Goldman Bait and Switch
Option Block 317: The Old Goldman Bait and Switch
Trading Block: A mild rally on the street today. JCPenney on the move, jumping as high as 26%, its greatest one-day percentage gain in least 30 years! Tesla announced on Wednesday its big expansion plans will be partially funded through a $1.6 billion bond issue. Goldman’s investor day study.
Odd Block: Call buyers in American Axle and Manufacturing (AXL), both calls and puts trade in CBL & Associates Properties, Inc. (CBL).
Xpress Block: Some hedging going on: VIX call buying, SPDR put buying. Customers seem to be getting nervous.
Mail Block…
The skinny
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