Option Block 248: The Ice Is Always Melting

Trading Block: It was a bit of a head scratcher today, as an infusion of end-of-day buying threw a wrench into the machine. Disappointing ISM numbers, putting a laser focus on the jobs numbers out Friday. Market share and volume day with overall total options volume up 3% in May.

Odd Block: Very near-term bullish play in Iron Mountain Inc. (IRM), sizable spread trade in WisdomTree Japan Hedged Equity Fund (DXJ), and put spread trades in Corning Inc. (GLW).

Xpress Block: Fanny Mae, Tesla, Zynga and the 10-year lighting up the tape. The Apple minis have finally gotten some traction.

Strategy Block: In today's strategy block, Mike Tosaw discusses the use of margin and if it makes sense.

Around the Block: Forget the earnings, the employment report is coming up, expect big volume.