Option Block 659: The Dark Side of Vertical Spreads

Trading Block: Roku hit the trading floor. We present some stats from the first week. ADV: 4413 contracts OI: 12,800 contracts, puts slightly outnumber calls 1.2/1. Plus, the craziest gold trade of the year. Odd Block: Size put roll in iShares S&P 500 Index Fund (XSP), funky prints in Applied Materials, Inc. (AMAT) and combo Swap/Roll in Edwards Lifesciences Corp (EWW). Strategy Block: Uncle Mike Tosaw discusses managing vertical spreads. Mail Block: Options question of the week EarningsSeasons is almost upon us! What's your favorite way to trade earnings using #Options? Sell Strad./Fly/Condor Buy Strad./Fly/Condor Sell Puts/Put Spreads Buy Calls/Call Spreads Around the Block: Everything macro and the lack of reactions to everything macro. VIX futures. Earnings are coming up. AI rally?