-Gun rights extended by Supreme Court #
Monday, June 28, 2010; 10:46 AM
WASHINGTON -- The Supreme Court held Monday that the Constitution's Second Amendment restrains government's ability to significantly limit "the right to keep and bear arms," advancing a recent trend by the John Roberts-led bench to embrace gun rights.Read ; SCOUS [PDF]
SHOUT IT OUT...GOVERNMENT RESTRAINT! (jib/jab)
We're also nearing 4th of July...
-The day "Taxation without Representation" was settled...
The Indians will be happy about this: #
Tobacco stocks climb after Supreme Court opts not to review ruling
June 28, 2010; 10:33 EDT
The U.S. Supreme Court refused to review a landmark ruling that found the tobacco industry violating federal racketing laws. Call option volume of 402 contracts compares to put volume of 43 contracts. July and November put option implied is at 23 verses its 26-week average of 22 according to Track Data, suggesting non-directorial price movement. Read.
-Reynolds American volatility flat on U.S. Supreme rejecting appeal
-Reynolds American is recently up $1.93 to $53.32.
-SWHC +3.2%. RGR +1.7%.