The Option Block 1502: Wild Whipsaws and the Rise of the Options Manifold
A sharp intraday reversal sends Mark Longo, Mike Tosaw, and Cboe's Henry Schwartz scrambling to keep up with the options tape. They discuss the swings in SPX, VIX, SPY, QQQ, and IWM, along with the pressure that rising interest rates and oil prices could put on stocks.
Henry also brings back a curious idea from a Cboe quant conference: the "options manifold." Then, in the Odd Block, he digs into unusual call activity in Unity (U), Banco Bradesco (BBD), CCC Intelligent Solutions (CCC), and Papa John's (PZZA), including a trade that shows why a print at the bid may not tell the whole story.
The skinny
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