Trading Block: It is that time of the month: OCC Cleared Contract volume up 2% in September. Exchange-listed options volume reached 357,041,027 contracts in September, up one percent from September 2015 volume of 354,782,668 contracts. TSLA: Quarterly sales numbers are strong. 70% increase in delivered cars over Q2. Production up 35%.
Odd Block: Puts trade in Deutsche Bank AG (DB), alls roll out in Pfizer Inc (PFE) and calls trade in Wells Fargo Co (WFC).
Mail Block: Listener questions and comments
Last Week Options #QuestionOfTheWeek -How will the election impact $VIX? Are we heading for #Trump-ocalypse or #Clint-astrophe? Share your feelings.
- 43% Spike > 20 - Blame Trump
- 11% Spike >20 - Blame Clinton
- 17% No impact (12-14 range)
- 29% Modest Increase (15-20)
This Week Options #QuestionOfTheWeek - What is your preferred way to trade #Volatility? $VIX? $VXX? $XIV? $SPX? $SPY? DM/Reply with alternatives
- VIX Options/Futures?
- VXX?
- XIV?
- S&P Strad/delta-neutral?
Comments for listeners:
- Comment from Mark Brandt - About last episode, The Sex Appeal of Options: SPX is a hot chick! Liked the put diagonal collar concept for open upside!
- Comment from Charlesturro - @OptionsInsider These are looking good today!! - regarding this activity - 6136 $DVAX Jan2017 18 calls went up on the PHLX marked buy write
Around the Block:
Earnings highlights this week include:
- Tuesday - Micron Technology, Inc.
- Wednesday - Monsanto Company and Yum! Brands, Inc.
This Week in the market:
- Oct 5: International Trade, Factory Orders
- Oct 6: Jobless Claims
- Oct 7: Unemployment (NonFarms Payroll)
Join us at A Leg To Stand On's (ALTSO) Rocktoberfest
Date: Thursday, October 6 2016
Time: 6pm - 11pm
Location: City Winery, 1200 W Randolph Street, Chicago
For more information, please visit the Rocktoberfest website.