Option Block 406: Selling Nonsense Apple Puts

Published: Feb. 6, 2015, 6:03 p.m.

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Option Block 406: Selling Nonsense Apple Puts

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Trading Block: Earnings today after the bell: Twitter, Amazon, LinkedIn, Activision. Traders silenced: CME to close most futures trading pits. Open-outcry trading stood no chance, says futures \'father\' Melamed.

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Odd Block: Upside calls trade in Youku Tudou Inc. (YOKU), put sellers in Apple Inc. (AAPL), and puts trade in Oasis Petroleum Inc. (OAS)

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Xpress Block: A recap of Idea Hub, Trade and Probability Calculator and All-in-One Trade Ticket.

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Mail Block: Listener questions and comments

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Question from Mark Brant - @Options (14,922 AGNC Mar 22 calls went up in 1 giant block marked buy-write with 360800 shares going up marked derivative.) Where did it "go up" and where was it "marked"? Where are you seeing these trades? Thx!

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Around the Block: Earnings - Before the bell today: ISE, Sprint, Keurig Green Mountain. On Friday, February 6: \\xa0CBOE

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