Option Block 373: Talking BABA, YHOO, AAPL and more
Trading Block: A sea of red on the street today. Bad news out of China.
Apple announced opening weekend iPhone 6 sales were over 10 million. Alibaba I.P.O. underwriters increased deal size to a record-setting $25 billion. Yahoo options went bonkers on Friday.
Odd Block: Puts roll in Cliffs Natural Resources Inc. (CLF) risk reversal goes up in iShares Russell 2000 Growth Index (IWO), and call buyers in Shares of Global X Social Media Index ETF (SOCL).
Strategy Block: Mike Tosaw discusses ways to diversify your portfolio with non-correlated assets.
Around the Block: Vol is higher, emerging economies are growing, how stimulating was the stimulus? How will the market act into and out of the elections?