The Option Block 106: Juicy GRPN Reversals
TRADING BLOCK: Italian borrowing costs spooked the market. May we actually see some countries abandon the Euro? Groupon options finally went live, not surprisingly, with 100+ vols in the downside skew, puts were bid! A lot of selling in the 1 and 500 lot July 15's, the highest activity strike next to the Dec 20 puts.
ODD BLOCK: Unusual activity in: Titanium Metals Corp. (TIE) Home Depot Inc. (HD) International Business Machines, Inc. (IBM) XPRESS BLOCK Jon Gregius is in the OX hot-seat for this Xpress Block and discusses RJO. Also, on Thursday of last week, FAS did a 1 for 5 reverse split…
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