Option Block 353: Crazy Combos and the Great Open Interest Debate
Option Block 353: Crazy Combos and the Great Open Interest Debate
Trading Block: A volatile day on the street - S&P got as low as 1952. VIX cash ticking up nearly one handle. Gold a big mover today - to the delight of Uncle Mike Tosaw. It’s time for the Trading Patterns guessing game again - this time with GLD! Lumber Liquidators (LL) gets crushed, down over 20% today. Options volume already 10x ADV on new that they are cutting 2014 earnings outlook. Sprecher calls for market-wide purge for order types. Chicago Fed joins the HFT conversation calling for curbs.
Odd Block: Calls roll in Thermo…
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