Option Block 313: Yelling at Yellen
Episode description
Option Block 313: Yelling at Yellen
Trading Block: A rather quiet day on the street. It has been a strange week for vol/VIX. Does this buyback draw a line in the sand at $500 for Apple? Icahn is dropping his call for expanded buyback program after getting little support. BATS is talking about launching a second options exchange after their merger. Bitcoin taking it on the chin since our last show. An exchange stopped taking withdrawals and it is crushing the price.
Odd Block: Puts Trade in iShares MSCI EAFE Index (EFA), puts Trade in ConAgra Foods, Inc. (CAG), calls roll in AuRico Gold Inc. (AUQ), and calls Trade in Boardwalk Pipeline Partners (BWP).
Xpress Block: Only two names really generated a lot of paper today: Tesla and Apple.
Strategy Block: Uncle Mike discusses gamma combined with a credit spread, a preview of his upcoming webinar.
Around the Block: The last of the earnings: CSCO - 2/12 after, NVDA 2/12 after. Debt ceiling back on the table. First remarks from new Fed chief tomorrow.