Option Block 487: Peppermint Sticks for Old St. VIX

The Option Block

Dec 22, 2015•56 min

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Episode description

Trading Block: The Force is not strong with Disney. “Star Wars: The Force Awakens” had a record-breaking $238 million opening weekend at box offices in the U.S. and Canada, in addition to a near-record $279 million overseas, but DIS was off 2% today and off nearly $10 since the movie launched on Thursday. Dow sets mark for most volatile December since 2008. Wall St. slides on lower crude prices, stock options expiry. The Bad of apple of the stock market this month: Apple. Oil prices hit 11-year low as global supply balloons.

Odd Block: Calls trade in iShares MSCI Brazil Index (EWZ), calls trade in Direxion Daily Financial Bull 3x ETF (FAS), calls trade in Mosaic Co. (MOS)

Strategy Block: Tosaw discusses twelve-month LEAP knock-out collar strategy.

Mail Block: In which the listeners weigh in

Question from 777 - Is there a specific reason OI in SPY puts has big cluster at the even strikes?

Around the Block: Pre-Christmas earnings coming from Nike, Micron and few others.

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