Option Block 537: Surprise Options Successes and Failures

Published: July 8, 2016, 4:38 p.m.

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Trading Block: Post-Brexit market update. OCC Cleared contract volume up 11% in June. The urgency of the Fed to hike has faded away as Brexit further clouded the outlook. SEC approves NYSE request for new market volatility rules.

Twitter Poll Options Question of the Week: Which products' performance post-#Brexit surprised you the most?

  • 43%: Volatility (VIX, etc)
  • 0%: Rates (10yr, etc)
  • 52%: Equity Index: (SPY, etc)
  • 5%: FX (GBP/USD, EUR/USD etc)

Odd Block: Size call seller in Kinross Gold Corp (KGC), call buyer in General Electric (GE) and put seller in Interval Leisure Group Inc (IILG)

Mail Block: Listener questions and comments

  • Question from RazMichaghian: Info on how to set my stock scan on TOS on pre meters? Thank you
  • Question from JViz: Why do people trade options with stock? Why do they buy calls and then sell stock in the same trade? What advantage does that offer?
  • Question from AJones: Shame about Mini options. Great breakdown of the failing that doomed that product. Are there any other products out there that surprised you-either with their success or failure?

Around the Block: Friday, July 8: The health of the job market (Non Farm Payrolls Report)

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