Option Block 315: The Great Iron Fly Vs. Condor Debate

Trading Block: Market up 0.5%, Facebook buys WhatsApp for $19B, and Groupon takes a wild ride after hours

Odd Block: Put buying in Veeco Instruments Inc. (VECO), puts trade in iPath S&P 500 VIX Short Term ETP (VXX), put spreads trade in EcoLab Inc. (ECL), and put spreads trade in iShares MSCI Emerging Markets (EEM) ETF.

Mail Block: Alex wanted another go at Snowbird's question from last week.

• Question from Infimy - What is the ASPs favorite options analytics suite?
• Comment/Question from Hack3 - Bitcoin imploded after you guys trashed it on Options Block. Coincidence?
• Question from John King - @Options Could you discuss preference of Iron Fly to regular butterflies, ICs, etc? Always neutral or OK with one side in money? Timing?