Option Block 434: Buy SPY Calls and Go Away

Published: May 22, 2015, 6:52 p.m.

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Option Block 434: Buy SPY Calls and Go Away

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Trading Block: Buying SPY for the summer. The absence of fear - How low can the VIX go? Stocks rise to near records; oil jumps above $60. Someone made a quick buck trading cable mergers - Cablevision soared 18 percent on Wednesday

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Odd Block: Calls trade in Sphere 3D corp. (ANY), calls trade in TYCO Intl PLC (TYC), and calls trade in Advance Auto Parts, Inc. (AAP)

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Mail Block: Listener questions and comments

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  • Question from David S. - I think Apple is writing/buying options. Check my blog post for an option oddity: - http://bravo0123.tumblr.com. Why would they do this? I do not know, it\\u2019s only 6 million shares for Apple. Can I profit off this guess? Not sure.
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Around the Block: Earnings: Big-box retailers step into the spotlight for earnings this week - i.e. Best Buy.

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