Option Block 550: Buy Your War Bonds Now

Trading Block: The one- year anniversary of the 8/24 flash crash looms near. Yellen speech at Jackson Hole set to dominate mood on Wall Street. VRX continues its roller coaster ride. Up another 8% today - volume 1.5 ADV by 12PM. Calls 1.5 /1 over puts, IV 30 61. Sep. ATM straddle approx. $4, approx. 13%. Confirmed Monday that it has hired Zoetis executive Paul Herendeen as its new chief financial officer. Odd Block: Calls trade in Starbucks Inc (SBUX), calls trade in Marvel Tech Group (MRVL), puts trade in General Growth Properties Inc (GGP) Mail Block/Options #QuestionOfTheWeek: $USO $11, up 19% in Aug, SEP ATM steaddle= $.80, 10 Put= $.10, 12 Call = $.09. Would you: Sell the Straddle Buy the Straddle Buy put/Collar Sell Put/Bull Risk Reversal Question from Natalie L. - I keep receiving email promotions from an "expert" who says his top rule of trading is that he never buys options. He only sells them. What is this about? Is this a reliable approach to options trading or should I delete these emails? Around the Block: A look at this week in the market: Aug 23: New Home Sales Aug 24: existing Home Sales Aug 25: Jobless Claims, Durable Goods Aug 26: GDP, International Trade, Consumer Sentiment