TRADING BLOCK

• Crazy realized volatility going down in Hong Kong markets - EWH.
• The Apple Watch release.
• Its time for the "Global Derivatives" guessing game.  

ODD BLOCK

• Calls trade in ConocoPhillips (COP)
• Puts trade in Crestwood Equity Partners LP (CEQP)
• Calls trade in New Oriental Education & Tech (EDU

MAIL BLOCK

• Question from Mark Brant - When to close weekly short option positions on expiration friday?  Morning or afternoon? Plus Mark wins the Options Insider Radio Network devoted listener prize for listening to EVERY episode of every program on the network. Very impressive.

• Question from NJay - OTM options are reasonably priced - should I buy them?