Option Block 677: Bitcoin Is Destroying the World

Trading Block: Volume is a little lighter in XBT now. Taleb is not a fan of Bitcoin, at least not without options. Apparently Bitcoin is destroying the world. Question of the week: Everyone's caught Bitcoin fever these days. The first "real" futures launched at CBOE. Our question is simple - are you going to trade them this week? Heck Yes! Hell No! I already traded them Sticking w/Coinbase et al Odd Block: Closing vertical w/ puts in Time Warner Inc. (TWX). Closing upside calls in Symantec Corp. (SYMC). Size ITM put roll in Sanchez Energy Corp. (SN) Mail Block: Options question of the week Options during earnings is a coin flip. But you know you love to do it. What's your earnings options MO? Buy Calls/Call Spreads Buy Puts/Put Spreads Sell Puts/Put Spreads Fly/Iron Fly/Iron Condor Listener Questions: What's on your minds? Comment from Tom - Let's be honest. If any of us had size bitcoin we would have sold out ages ago and probably be kicking ourselves right now. Question from GiddyFranciscan - Sell in May and go away. What option strategy benefits from the profound market malaise that occurs over the summer? Question from KBX32 - What is the cheapest way to hedge my portfolio with options? Around the Block/Economic Reports: Dec 15 - Industrial Production