​Daily Bulletin: Thursday Nov. 20

Asset manager Laffitte Capital Management is seeing increased opportunities looking at strategies that play the spread between single stock dividend futures and index dividend futures in Europe following the correction in the equity markets last month. Laffitte specializes in liquid absolute return funds. In flow today, an investor bought a USO Feb-15 23-26.5 put spread for USD0.70 15,000x. The trade came during a volatile morning for Brent and West Texas Intermediate Crudes, with the former moving from 78.34 at the start of today to 77.58 during early morning, before recovering to 78.75. In the US, Yahoo saw a conversion play, following the news of it replacing Google as Firefox’s default search engine, while shoe retailer DSW saw above average trading prior to the release of its earnings report Friday.