Option Block 536: Hershey Insiders and VIX Iron Condors

Trading Block: Earnings today before the bell: ConAgra. U.S. lawmakers seek more money, authority for derivatives regulators. CFTC charges ex-Chicago Board Options Exchange director with fraud.

Options Question of the Week Twitter Poll: Where will $VIX close on Friday in this first trading week post-#Brexit? #QOTW

• 6%: Above 25
• 13%: 22-24.99
• 22%: 19-21.99
• 59%: Below 19

Odd Block: Calls go up in Hershey Co. (HSY), call buyers in Mondelez International Inc. (MDLZ), and put spread buyers in Encana Corp (ECA)

Mail Block: Listener questions and comments

• Comment from Frank: @OpenOutcrier He must have ripped off somebody really important then...
• Comment from BruceX555: Some nimble-footed traders have made a lot on Brexit, and I reckon plenty have lost plenty.
• Question from Robert K.: ‏Hi, on a debit spread is the most you could lose is your credit?
• Question from Tor: Hello, I am (restarting) my options trading on a shoestring; any thoughts on mini-options? Thanks.

Around the Block: Vol coming in due to holiday weekend. Non-farms next week. Will there be a selloff due to quarter end? Will bonds come down at all? Mike is married....in gold.