Option Block 374: When To Exercise An Option...Never

Trading Block: An aggressive selloff in the market today. VIX up 3 handles - about 22%. Apple off 3%. Nike, the other big player in the market today - up about $4. 

Odd Block: Calls and puts trade in EXH- looks like a straddle seller, puts close in KO- could be a put closer but not rolling, and calls trade in PBF- existing roll for calls

Mail Block: Listener questions and comments

• Question from Sinclair - What do the all stars expect for the big BABA options launch on monday?


• iTunes comment from Princk - Listening gives tremendous insight into options trading, strategies and trends. Great team that combines risk management, speculation and investment wisdom. Superb. Thoughtful, funny and wide ranging show for learning and understanding options trading.


• iTunes comment from Bajasakee - Love the show very informative, looking forward to more fresh insight every episode.


• iTunes comment from PuntPass Shoot - There are a lot of financial podcasts out there..not a lot of good ones though. It’s even harder to find something useful about options. The Option Block really gets it right. Just the right amount of information, banter and market insight to make it something I look forward to listening to every week. Great energy between the guys, interesting guests and useful traders of all rangers. IF you’re thinking about subscribing...stop thinking. Just do it.


• Question from KaiserDog -  I have a question for the "Guardians Of The Gama"......Hehe.  When do you like to exercise an option?  Is anyone a fan? Do you ever like taking the stock over "Rolling"? Thanks again! By the way, the Shows have been stellar. Keep em coming.

Around the Block: Closely watching the S&P. Will vol come down? Mike wants to sell an AAPL put spread on the bent phone pullback. Nike reports after the bell.