Best of Option Block 633: Nukes, Volatility and Crazy Tesla Puts

Published: July 5, 2018, 6 p.m.

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Originally posted on July 7th, 2017

Trading Block: VIX ends near the top of the range. It was up to 13.05 at its highest. Tesla down 7.2% yesterday, due to concerns of slowing Model S and Model X sales. The numbers are out: OCC announced today that cleared contract volume in June reached 387,597,223 contracts, a 2% increase from the June 2016.

Odd Block: TSLA Jan 2019 50 puts and Jan 2018 20 puts continue to trade. Back and forth trading in Tesla Motors (TSLA). Puts trade in LG Display Company LTD. (LPL)

Strategy Block: Uncle Mike Tosaw discusses the recent silver environment.

Mail Block: Options question of the week

Blue Apron $APRN is down over 10% from its #IPO price. Assuming #Options were listed, what trade would you make?

  • Buy Dec 10 Call for $1
  • Buy Dec 9 Put for $1
  • Sell Dec 10 Call for $1
  • Not Touching $APRN

Listener Questions: What's on your mind?

  • Question from Sal06 - Do you think AAPL $147 call for June 30th is a good idea?
  • Question from Nelly2 - Just so I am clear on the spread assignment thing. If I am in SPX, then I just get cash if the index closes inside my spread. But if I am in a stock, then I get the stock?

Around the Block: WTH is happening in North Korea? VIX responds in kind. S&P 2400. Non-farm payrolls. Google fine.

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