Option Block 84: The Madness Returns
from The Option Block
Option Block 84: The Madness Returns Trading Block: Special guest Andrew Giovinazzi of Aqumin takes Sebastian’s seat as the all-star gang discusses market madness. The market has become quite the drama queen with global concerns smack the market again. Consumer confidence is still low - this is getting to be a broken record. Commodities rundown - gold and treasuries are where everyone is putting their money. Patent lust has been inflating some smaller tech stocks like NOK, EK, etc. Odd Block: Unusual activities in Seagate Technology (STX), New York Times Co. (NYT) and NRG Energy, Inc. (NRG) Xpress Block: What's been going on behind the scenes at optionsXpress - today was one of those outlier days. Around the Block: The patent wars continue to drive activity in the tech sector – watch your upside. Niche names like CBOE should be faring well in the environment, not following the market down - perhaps there may be some opportunity in the downside? Also, a VIX outlook for the next few sessions.
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