Option Block 566: Revenge of the Pit Traders

TRADING BLOCK

Earnings highlights today:

Before the bell: American Airlines, Dunkin Brands, Verizon Communications, Textron (TXT), Illinois Tool Works (ITW) and Union Pacific (UNP)

After the bell: E*Trade Financial Corporation, Microsoft Corporation, PayPal Holdings

The return of pit trading?

CFTCs Massad wants access to automated trader source code.

A Nasdaq speed upgrade is threatening IEX.

Resources mentioned in the show:

http://www.valuewalk.com/2016/10/cftc-automated-trading/

http://www.wsj.com/articles/a-nasdaq-speed-upgrade-is-threatening-iex-1476982856

ODD BLOCK

Calls trade in Activision Blizzard, Inc (ATVI), calls trade in Groupon Inc (GRPN), puts trade in Bunge LTD. (BG)

STRATEGY BLOCK

Uncle Mike Tosaw discusses the Wash sale

MAIL BLOCK

Question from James T - What do you think about HIMX ?

Question from TradeCraft - Are there options on carbon trading right? Do they trade much volume?

Question from Trader Onki - MTG Earnings MGIC Investment Corporation is expected to report earnings tomorrow before open. I attached the OI book, Heavy volume 10K contracts -Oct 8 call -Nov 7 puts -Jan17 5 puts -Jan17 10 calls. Would you please share your thoughts? Thank

AROUND THE BLOCK

Earnings Highlights this Week:

Friday - General Electric Company, Honeywell International, McDonalds Corporation