The Trading Block: SQ and QCOM dominating the options charts today. Looks like QCOM activity is actually a dividend play. Light on earnings this week. Goldman execs cash out decade-old options just days before they expire.

The Odd Block: TSLA tracker; Weird house-money put roll in WDC; Tons of Dec 26 puts in DKS; Size near-term call love in NEM.

The Mail Block: Options question of the week

SPY always dominates the #options volume charts. But what do you think people are actually trading in SPY? Take a guess at the top OI position in SPY right now. No cheating (or checking with your broker) - use your grey matter and your "gut" to pick the right one.

• Jan 262 call
• Dec 2019 150 put
• Dec 280 call
• Jan 240 put

Listener questions and comments

• Question from PBiggers‏: how will the market react if the tax bill fails to pass in the senate on Thursday? Bullish, modest correction or major correction?
• Comment from Robert Baker: in response to your questions regarding TSLA catastrophe puts Jan 19 $50; I believe that they are insurance policies for model 3 depositors to recover their $5000 deposit in the event that Tesla goes bankrupt. After all, it's the cheapest form of insurance because the $50 put will be worth $5000 if TSLA goes to zero. Keep up with your show - it's fun.