Option Block 494: Bulls Pile into Crude Oil ETF
Trading Block: Earnings today before the bell
Hess Corp.
ConocoPhillips fell at least 6.1 percent.
Banks retraced their best rally in more than a month Friday, with Bank of America Corp. down 3.1 percent.
McDonalds Corp. gained after the fast-food giant earnings beat analysts forecasts as all-day breakfast helped fuel U.S. sales.
The Fed begins a two-day meeting tomorrow. The probability of a rate increase this week has stayed low after the December liftoff, and chances of a March boost have fallen to one-in-four from even odds at the start of the year.
Odd Block: Calls trade in Consumer…
The skinny
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