Aug 30, 2013
Option Block 272: Presidential Rope-A-Dope, or Bags of Money
Trading Block: Labor Day weekend is nearly upon us. VIX cash above the 16-handle. Jobless claims are down, as expected. HFT and algos appear to have had a negligible impact on the vol of major futures contracts.
Odd Block: Puts trade in Garmin ltd. (GRMN) Calls buyers in Taiwan Semiconductor Mfg. (TSM).
Mail Block:
Around the Block: Watch out for the weekend risk! Perhaps scoop some cheap premium on friday. Syrian developments?