Option Block 166: Calendar Strangle Swap
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Option Block 166: Calendar Strangle Swap Trading Block: PFG Best madness; the Chicago based options brokerage firm reeling after their CEO, Russ Wasendorf, attempted suicide after charges of fraud and a missing $200M+ in customer funds. How did the NFA miss this? Another day, another mild selloff that weakens toward the close. The Apple pre-pre earnings. Odd Block: Interesting and unusual activity: A size calendar strangle in VIX options. Strategy Block: Mike Tosaw leads the Strategy Block this week and discusses the ratio repair strategy. Listener Question: Should I sell the Ford Aug 9 puts for around $.30 and buy Ford Sep 10 calls for about $.15 - do you like this risk reversal? (Via Twitter from Dougman) Around the Block: The earnings fiesta begins! A tech day on 7/19: Google, Microsoft, Nokia, AMD (and the other Apple, Chipotle) Apple 7/24, Bank of America 7/18, Citi 7/16.
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