Option Block 554: Crude Battle Plus the Collar-Risk Reversal Breakdown

Trading Block: August this year was the lowest average daily volume for puts and calls since October 2012. Stocks to Watch: TWTR - Stock off over 5% AAPL - World not enthused with new iPhone, stock off nearly 3% TSLA - Stock back below $200 - With the combined weight of SCTY deal controversy, cash squeeze and SpaceX explosion. SBUX - CEO endorses Hilary, stock off nearly 2%. Crude stock drop sparks rally. U.S. crude stocks fell by a whopping 14.5 million barrels last week. Odd Block: Calls trade in TransOcean LTD (RIG), calls trade in Chesapeake Energy (CHK), and calls trade in iShares FTSE / China ETF (FXI) Mail Block: Listener questions and comments Question from JPMTrader: What is the call and put volume like for expirery for the 110s and 107s in Apple? Question from TradeCraft: Is there a correlation between high options OI and high options price levels? Around the Block/ This Week in the Market: Sep 7: JOLTS, Beige Book Sep 8: Jobless Claims, EIA Petroleum Status Earnings tomorrow include: The Kroger Company Mattress Firm Holding Corp