Option Block 635: TSLA Puts, VIX Calls, No Love For APRN

Trading Block: Amazon Prime Day today. Lots of closing VIX puts. Waiting on what Yellen may say.

Odd Block: TSLA options tracker - 145 "catastrophe" puts hit the tape today, 20 more Jan 2018 20 puts also trade today. APRN first week review - paper buys 1080 Aug 9 calls for $0.40. Crazy tree or put spread in iShares MCSI Taiwan Index (EWT).

Strategy Block: A double strategy today! A put roll down trade in silver and a modified collar trade in XLF.

Mail Block: Options question of the week.

$APRN #options are live! Aug 8 calls top the charts so far. With $APRN at $8.15 Aug 8 calls are $.65-$.75. Would you rather?

• 28% - Buy Aug 8 Call for $.75
• 33% - Sell Aug 8 Call for $.65
• 6% - Buy $APRN Stock for $8.15
• 33% - Rather Eat $APRN's Food

Listener Question from Darqane: Assigned on short SPX puts means getting long the underlying? But how does that work if it is cash settled?

Around the Block:

This Week in the Market:

• Jul 14: Consumer Price Index, Industrial Production, Consumer Sentiment

Earnings This Week:

• Friday - Wells Fargo, Citi, and JP Morgan