Option Block 94: AMZN Takes On AAPL
Option Block 94: AMZN Takes On AAPL
Trading Block: The market rallied on stronger than expected GDP numbers, and a little ease on European concerns, combined for a strong up move early in the day. Thirty-year rate is 4.01% -- the lowest on record. Rumors of Amazon getting into the tablet wars -- stock down 3%. With Amazon in its territory, Apple moved to the downside -- is it time to be bullish? The spread between VIX and VXN continues to widen.
Odd Block: Unusual activity in Dollar General (DG) - size call sales going up for the past couple of months. Dreamworks Animation Skg. (DWA) - been…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.