Listen "Option Block 245: Golden Tickets & Oompa Loompas"
Episode Synopsis
Option Block 245: Golden Tickets & Oompa Loompas
Trading Block: It was an unchanged day on the street with stocks hovering around record highs. Does this rally have legs, or are we poised for a collapse? There was a weird dip in SPX on Friday night due to APC. Jumbo SPX is a flop so far. Only 18 contracts have traded through the middle of last week. Everyone is still refusing to list it.
Odd Block:Calls trade in Navios Maritime Holdings Inc. (NM), calls trade in Foster Wheeler Ltd (FWLT), and calls trade in Big Lots Inc. (BIG).
Xpress Block: Alex talks some more about the Trading Patterns Tool from OX, and what its most active trades have been recently.
Listener Mail: What do you want to know?
Question from Douggie_L: Why all the fuss with Jumbo SPX? Why won't others trade it?
Question from Montevecchio: I'm starting to learn about time spreads. Can you guys explain roll risk and how it can impact me?
Around the Block: A holiday this upcoming weekend. Watch out for the theta gremlins creeping into your portfolio.
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