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JLN Options: Europe plans major scaling back of financial trading tax Newsletter,Options

Lead Stories Europe plans major scaling back of financial trading taxJohn O’Donnell and Ilona Wissenbach, ReutersEuropean countries plan to scale back a proposed financial transactions tax drastically, initially imposing a tiny charge on share deals only and taking much longer than originally intended to achieve a full roll-out. http://jlne.ws/ZvXcO1 Letter to the Editor [From Gina McFadden, President of The Options Industry Council, to The New York Times]Gina McFadden, OICI was very disappointed to read “Growth in Options Trading Helps Brokers but Not Small Investors,” (Business Day, May 24) as it was very short on facts but long on opinion.To make…

JLN Options: ISE Cancels Jumbo S&P 500 Options Debut on Liquidity Concern Newsletter,Options

Lead Stories ISE Cancels Jumbo S&P 500 Options Debut on Liquidity Concern Nikolaj Gammeltoft, BloombergBusinessweekInternational Securities Exchange, the second-biggest U.S. options market, withdrew plans to trade larger-size options on the SPDR S&P 500 ETF Trust (SPY) amid concerns the contracts may threaten market liquidity.http://jlne.ws/14aVjnJ Court Won’t Block Vote on NYSE and ICE DealPeg Brickley, Dow Jones Newswires (via Fox News)A Delaware corporate-law judge on Friday refused to block the merger of NYSE Euronext (NYX) and Intercontinental Exchange Inc. (ICE), dumping a challenge by shareholders who argued the deal was flawed.http://jlne.ws/14aZ1xT The Most Valuable Formula Ever CreatedAlex Planes, The Motley FoolOn…

JLN Options: VIX May Still Be Too High: Chart of the Day Newsletter,Options

OBSERVATIONS – STATISTICS – COMMENTARY Yesterday’s most actively traded options – from the OIC:   LEAD STORIES VIX May Still Be Too High: Chart of the DayBloombergThe stock-market volatility gauge known as the VIX may be too high even after dropping to a five- year low, according to Adam Warner, an option trader and contributor to Schaeffer’s Investment Research.The CHART OF THE DAY illustrates how Warner reached his conclusion: by comparing the VIX, or the Chicago Board Options Exchange Volatility Index, with the SPDR Standard & Poor’s 500 exchange-traded fund’s volatility during the previous 10 trading days. http://jlne.ws/XxSrLP Trading volumes…