Cobra's Market View

Trades w 2 Cats wrote:Pasta Boss, great find there on that new 1 day VIX. Divergence is always an important tool!
I could be wrong but I thought the 0DE options have the same rules for market makers. But they are really cheep. So a relatively small amount of money can move the options, then market makers are forced to have a 10% hedge in the underlying. The ever changing game called market manipulation!

New York

CNN

First Horizon and TD Bank have called off a $13 billion deal that would have formed America’s sixth-largest bank, adding to the turmoil sweeping the country’s regional lenders.

Caught up in the worst banking crisis since 2008, First Horizon (FHN)’s share price has plunged about 40% over the past couple months, falling well below the $25 per share that TD offered when the takeover was announced in February 2022.

The stock closed at $15.05 a share Wednesday and plunged another 36% Thursday after the deal was mutually abandoned by the banks.

First Horizon is a regional lender in the southeast United States and would have helped Canada’s TD expand south of the border. But regional banks have been losing the confidence of investors and customers since the March collapse of Silicon Valley Bank and Signature Bank.

On Monday, a third regional bank, First Republic, failed and JPMorgan purchased most of its assets. A fourth, PacWest Bank confirmed earlier Thursday that it’s looking for a financial lifeline.

First Horizon said it remains stable, cash-rich and diversified.

“While today’s announcement is unfortunate and unexpected, First Horizon will continue on its growth path operating from a position of strength and stability,” said First Horizon CEO Bryan Jordan, in a statement.

TD said in a statement that the companies called off the merger because of an unexpectedly long regulatory approval process. Without a timetable for approval, the companies began to question whether the deal would get regulators’ blessing at all. TD said the regulatory issue was for “reasons unrelated to First Horizon.”

In an interview with CNBC, Jordan concurred that he doesn’t believe the deal was called off because TD Bank wanted to avoid buying First Horizon as regional bank stocks plunge.

Green Brick Partners, Inc. operates as a homebuilding and land development company in the United States. It operates through Builder operations Central, Builder operations Southeast, and Land development segments. The company is involved in the land acquisition and development, entitlements, design, construction, title and mortgage services, marketing, and sale of townhomes, patio homes, single family homes, and luxury homes in residential neighborhoods, and master planned communities. It owns or controls home sites in Dallas-Forth Worth, Austin, Atlanta metropolitan areas, and the Treasure Coast, Florida market. The company sells its homes through sales representatives and independent realtors. Green Brick Partners, Inc. was incorporated in 2006 and is headquartered in Plano, Texas. -- Yahoo Finance

JFR wrote:Re TOS ODTE options.
I've talked to a couple of guys at TOS.
Neither one knew anything about ODTE options.
They just talked about options that expire today, which have been open for longer than one day.
I will keep digging. And as noted I expect other brokers will be offering ODTE options soon enough.
The illustration I have posted is for SPX options at TOS. The guys at TOS only know to say to look at expiries for May 4. I suspect there is a separate access point for ODTE options. Don't know yet. New ball game.

Al_Dente wrote:

JFR wrote:Re TOS ODTE options.
I've talked to a couple of guys at TOS.
Neither one knew anything about ODTE options.
They just talked about options that expire today, which have been open for longer than one day.
I will keep digging. And as noted I expect other brokers will be offering ODTE options soon enough.
The illustration I have posted is for SPX options at TOS. The guys at TOS only know to say to look at expiries for May 4. I suspect there is a separate access point for ODTE options. Don't know yet. New ball game.

Boss: I don't think there is a special class of 0DTE. They are just any and all options that expire TODAY.