
Option Block 137: Selling the Hunger Games
Option Block 137: Selling the Hunger Games
Trading Block: BATS debacle: All IPO trades busted as a matching engine encountered a software bug. The range of symbols, of course, included Apple. If you are executed on a limit order what do you do after your trade is busted? It's analogous to pin risk. CBOE suing ISE over 10x SPY contracts -- the no-brainer news of the week. The crushing of TVIX continues -- it is bound to reverse split.
Odd Block: Unusual activity in Red Hat, Inc. (RHT).
Xpress Block: After the dust settled on customer fallout from BATS/APPL debacle and recent TVIX drama, Lions…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.