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The Option Block

The Option Block All-Star Panel breaks down the latest developments in the options market, analyzes unusual options activity, explains cutting-edge options strategies, answers listener questions and much more. Whether you're an active options trader or just getting started in the options market, The Option Block will keep you informed and entertained.

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  2. Option Block 460: Imploding Apple Puts

Option Block 460: Imploding Apple Puts

Aug 28, 2015

Trading Block: Selloff or rally? The market needs to make up its mind. Whither the VIX: there was a brief flirtation with 50 handle now back into the more “sensible” 20 handle. So, it takes a massive selloff in the marketplace to get VIX over 50. AAPL had a 20 handle range this week. We missed the deal of the century on the AAPL Sep 75 puts.

 

Odd Block: Calls trade in BTU, calls trade in P, and puts trade in LL

Mail Block: Listener questions and comments.

  • Question from Leon187: Is it true that Apple sells puts to buy back their own stock? Do you feel that large volume of Sep 75 puts was a part of that program?
  • Question from tennisgr8t: Can you give examples of managing positions using Greeks and is it a good strategy? Your show is awesome.

Around the Block: Earnings on Friday include Deere and Company, Foot Locker, Inc.