Option Block 253: Market Maelstrom
Option Block 253: Market Maelstrom
Trading Block: The broad indices were down over 2%. All red, all day. Fed will cut $85 billion in monthly bond purchases by $20 billion. VIX cash breaks through the 20-handle for the first time since December. Apple, Google, GLD and more!
Odd Block: Call combo unwinds in the CBOE Volatility Index (VIX) for big money, puts trade in Fleetcor Technologies (FLT), and puts trade in Contango Oil and Gas Co (MCF).
Xpress Block: It's about time for an Alex Jacobson-style rant. This is a market for options!
Strategy Block: It's a two-for day in the strategy block…
The skinny
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