Option Block 732: Talking MSFT, TSLA, VIX, and VXX; plus Pairs Trading

Trading Block: A review of the week in trading Amazon and Apple: The race to $1 trillion. Earnings! Thursday - Microsoft Friday - GE, Honeywell MSFT (after the bell) - $104.70, ATM straddle: $3.70, approx. 3.5% Odd Block: Bullish risk reversal in Discovery Communications Inc. (DISCA), Rolling call speeds in Omnicom Group Inc. (OMC), Call 3-way in Hanesbrands Inc. (HBI) Strategy Block: Uncle Mike Tosaw discusses options pairs vs. stock pairs. Mail Block: Listeners weigh in Volatility Flash Poll: $VXX is back in the erosion zone. Many short vol traders are anxiously waiting for it to break the 30 handle. When do you think $VXX will finally break 30? This week? Next Week? Never? Let us know below: Week Ending Fri 7/20 Week Ending Fri 7/27 Week Ending Fri 8/3 Never! I'm Long Vol! Last week's option question of the week: Yup it's earnings season once again. Options traders are gearing up for a busy season. Which names do you think will dominate your options trading this season? 17% - $NFLX 44% - $AMZN 22% - $TSLA 17% - $GOOGL Around The Block/This Week in the Markets: Jul 19 - Jobless Claims