Option Block 227: When Options Make an $800,000,000 Profit

The Option Block · Mar 15, 2013 · 1m

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Option Block 227: When Options Make an $800,000,000 Profit

Trading Block: The S&P's are right up against their all-time highs. Citadel exited their E-Trade position, which is down 75% from when they bought it, and still turned an $800M profit with hedging and options. Minis begin trading Monday, March 18.

Odd Block: It was a hard luck day for E-Trade (ETRA), running of the bulls in KBW Regional Bank ETF (KRE), and an incredible purchase in Heckmann Corp (HEK).

Xpress Block: What's new in the Ides Hub? Blackberry is back…