Felix UNG
When last we checked, the SEC was examining whether UNG could issue new shares to meet the demand for .....well, new shares.So far nothing. But the options still trade. Quite actively Steven (not Stephen) Sears takes a look in Barron Striking Price.UNG...
Grab Those Pitchfork Futures!
So what do Glenn Beck and Jon Stewart have in common?Well, they each have taken some wood to Goldman in the week. Here's Beck.And then there's Stewart.The Daily Show With Jon StewartMon - Thurs 11p / 10cPyramid Economywww.thedailyshow.comDaily ShowFull...
Happy BDay Melissa!
Yes, she's 31 today.Below is a video I suspect many of you will enjoy. I don't speak a word of French, so I have no idea wtf they are saying. It truly doesn't matter.
LO and Behold
Must be a bull market Friday. Every stock in America is getting taken over this weekend. MOS with the weekly chatter. And this in Lorilard (LO).Lorillard (LO) is up $1.18 to $69.61 and hit session highs of $69.9 on takeover chatter Friday — Briefing....
Some Quick Sonar
When last we checked, the big flows in VIX options were cheapo OTM call specs.Now? Well Jamie highlights a play on the other side. A Customer bought 25K August 25-22.5 put spreads for .55.Sounds absurdly cheap, right? I mean the VIX is now under 25.But...
GOOG Earnings Prediction
In 20/20 Hindsight, I bet they beat the estimate, and CNBC misstates the numbers.Well, the first part was easy, I'll bet that 98% of companies whose earnings we actually watch will beat the pretend estimate.As to the latter? Well, didn't have The Bubbl...
Beyond The Peloton
So I passed on Paulson to watch the Tour this morning and it turns out......the Podium Girls are not all French. They interviewed one from....gasp.....St. Louis.Sacre Bleu! There goes le mystique.Just to revisit the VIX point again, the fact that today...
McMillan and VIX Futures
So we've written much about this disparity between August VIX futures and the VIX itself. But is there a way to "lock in" the inevitable convergence?Lawrence McMillan (who is actually one of the great ones in this business) recommends a play wherein yo...
The VIX is Up! The VIX is Up!
You know what they say. When Bloomberg tries to analyze volatility, run the other way. Or something like that.This from yesterday.The VIX rose with the Standard & Poor’s 500 Index, a sign from the options market that the steepest three-day rally ...
What That VIX May Be Telling You
So long as I posted this morning in regards to the disparity between options volatility and stock volatility I should not that....well, that disparity is now gone thanks to the large directional moves in the market this week and the VIX decline.Just to...
FedEx A Gogo
Fedex options volume running twice normal levels this morning with shares up 2% near 56.66 and premium buyers dominating the flow. Just after 10:30 a buyer paid 1.425 for 1000 August 60 calls, followed several minutes later buy a buyer of 1000 Oct 60 P...
“Apparently He Thought Somebody Gave Him the Sign To Steal”
The Daily Show With Jon StewartMon - Thurs 11p / 10cLenny Dykstra's Financial Careerwww.thedailyshow.comDaily ShowFull EpisodesPolitical HumorJoke of the DayHey, guess who Jon Stewart featured in his middle segment last night?Yup, Mookie Wilson....and ...
