Option Block 642: The Mystery of LQD Combos

Published: Aug. 8, 2017, 7:47 p.m.

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Trading Block: Investors Have Never Been More Short Volatility Futures

Odd Block: An update on the Tesla "Catastrophe Puts," call frenzy in Procter & Gamble Co (PG), size bullish combo/conversion/reversal in iShares IBoxx $ Invest Grade Corp. (LQD), and calls trade in Extended Stay America Inc (STAY).

Mail Block: More Tesla commentary

  • From Michael Smith - This is an obscene about of OI that far out of the money.
  • From Bart S. - Are those Puts bought or sold?
  • From Gary Paster - A very interesting Collar which I will watch until expiration - Re: TSLA MAR 250/470 strangle that paper bought 400 times last week.

Flash Poll: What do you think of the planned launch of cash-settled #Bitcoin futures later this year?

  • 34% - I Can\'t Wait!
  • 17% - I\'m Not Interested!
  • 41% - I\'m Somewhat Curious
  • 8% - I\'m Waiting for Ethereum

Question from Upward Momentum: Is that a good thing you think?

#QuestionOfTheWeek: Which #Options Exchange or group has carved out the largest piece of the #Options market so far in 2017?

  • 72% - CBOE/BATS
  • 17% - NASDAQ
  • 3% - NYSE
  • 8% - MIAX & BOX

Comment from FContangotrader: Urban Dictionary: Scaramucci Maybe 2-week options should be called Scaramuccis?

Comment from Tim A. - For the guy who wrote in about trading with free commissions. What about a box?

Around the Block: Earnings!

  • Monday - Marriott
  • Tuesday - The Walt Disney Company, Valeant Pharmaceuticals
  • Wednesday - The Childre\\u2019s Place, Mylan, Live Nation, Office Depot
  • Thursday - Macys, Kohls, Nordstrom, Blue Apron, Snap Inc., Coca-Cola, Nvidia
  • Friday - JCPenney

Also this week:

  • Aug 8: JOLTS
  • Aug 9: Productivity and Costs
  • Aug 10: Jobless Claims, PPI, Treasury Budget
  • Aug 11: Consumer Price Index
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