Option Block 677: Bitcoin Is Destroying the World

Trading Block: Volume is a little lighter in XBT now. Taleb is not a fan of Bitcoin, at least not without options.

Apparently Bitcoin is destroying the world.

Question of the week: Everyone's caught Bitcoin fever these days. The first "real" futures launched at CBOE. Our question is simple - are you going to trade them this week?

• Heck Yes!
• Hell No!
• I already traded them
• Sticking w/Coinbase et al

Odd Block: Closing vertical w/ puts in Time Warner Inc. (TWX). Closing upside calls in Symantec Corp. (SYMC). Size ITM put roll in Sanchez Energy Corp. (SN)

Mail Block: Options question of the week

Options during earnings is a coin flip. But you know you love to do it. What's your earnings options MO?

• Buy Calls/Call Spreads
• Buy Puts/Put Spreads
• Sell Puts/Put Spreads
• Fly/Iron Fly/Iron Condor

Listener Questions: What's on your minds?

• Comment from Tom - Let's be honest. If any of us had size bitcoin we would have sold out ages ago and probably be kicking ourselves right now.
• Question from GiddyFranciscan - Sell in May and go away. What option strategy benefits from the profound market malaise that occurs over the summer?
• Question from KBX32 - What is the cheapest way to hedge my portfolio with options?

Around the Block/Economic Reports:

• Dec 15 - Industrial Production