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...
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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...
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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...
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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...
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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 ...
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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...
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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...
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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 ...
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Well, despite a rather slow session yesterday, we have some very interesting developments in volatility land.This, from Jason Goepfert (who I hope doesn't mind that copied over his chart, please click thru).Options expert, and unofficial (though enthus...
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Probably depends on what Melissa is smoking here.Anyway, optionMONSTER picking up some put buyers in the health insurance space.UnitedHealth, Aetna, and Humana drew heavy put action today as traders apparently positioned for a quick drop it in the shar...
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