Option Block 415: How to Play the Lottery

Trading Block: Nasdaq enters energy futures trading to compete with CME, ICE. Lumber Liquidators’ stock soars after company offers business update. Shake Shack gets burned: Stock falls 7%. Earnings today before the bell Dollar General reported record fourth quarter and full year 2014 financial results. After the bell includes Aeropostale Inc. and ULTA Beauty.   

 

 

Odd Block: Calls go up Steel Dynamics, Inc. (STLD), combos trade in Pinnacle Entertainment, Inc. (PNK), and combos trade in International Business Machines (IBM)

 

Xpress Block: Alex discusses the OX Idea Hub.

 

Strategy Block: Some fun stories about not playing the lottery.

 

Mail Block: Listener questions and comments

• Question from Mark Brant - Do block trades show up on the retail brokerages position ledgers as volume and OI?
• Question from Fred - What is the best way to use an option to speculate on the S&Ps intraday movement?

 

Around the Block: Watching the sovereign 10-years, VIX, higher Dow. What about the price of oil? Will the contagion spread? Fed. Fed. Fed. Can we get off the road to nowhere?