Option Block 468: Bernanke vs. Skeletor
Trading Block: The streak is broken - VIX Cash finally breaks 20! "More execs should have gone to jail after financial crisis" Bernanke says. Stocks jump as expectations ease of U.S. rate hike; oil gains. The London Metal Exchange (LME) introduces measures to grow options trading on exchange.
Odd Block: Puts trade in Materials Select Sector SPDR (XLB), calls trade in Conoco Phillips (COP), and calls and puts trade in Valeant Pharmaceuticals Intl. (VRX)
Strategy Block: Tosaw discusses dealing with covered calls that are going against you.
Around the Block: Alcoa, PepsiCo kick off Q3 earnings…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.