Option Block 516: Dueling NFLX Butterflies

Interview Block: Today we are joined by special guest Mal Clissold President and Owner of SCC Capital Group, LLC. We discuss: How frequently and with what percentage do they delve into the individual stock world? What positions do you have that are designed to protect and potentially profit against a major one-day move? What kind of fund does he run? How does he control risk for his positions? What attracts him to a short vol position? What does he have on that he really likes right now? Trading Block: Earnings today after the bell: Netflix. Earnings today before the bell: PepsiCo, Hasbro, Morgan Stanley. Options traders brace for another big move for Netflix shares. Stocks to Watch: Pepsi, Chiasma, Hasbro, Morgan Stanley. Odd Block: Calls trade in The Carlye Group LP (CG), giant call roll in - Western Gas Partners, LP (WES), and upside calls trade in - AK Steel Holdings Corp (AKS). Strategy Block: Uncle Mike Tosaw discusses the importance of diversification. Around the Block: Earnings! Tuesday - Intel Corporation, Discover Financial Services, Goldman Sachs, Interactive Brokers Group, Johnson & Johnson, TD Ameritrade, Yahoo, Inc. Wednesday - Coca-Cola Company, Abbott Laboratories, American Express Company, Mattel Thursday - Before: General Motors Company, Southwest Airlines, Under Armour, Verizon Communications; After: Microsoft, Alphabet Inc., E*Trade Financial Company, Starbucks Corporation, Visa Inc. Friday - American Airlines, Caterpillar, General Electric Company, Honeywell International, Kimberly-Clark Corporation, McDonald's Corporation