Option Block 767: A Market for Crazy People

Trading Block: A mixed day today after a crazy week. Most active today: SPY - 1.62M (ADV 3.44M) VIX - 332k (603k ADV) Earnings Highlights: Monday - Stitch Fix Tuesday - Dave & Busters, American Eagle Outfitters Wednesday - Vera Bradley, Peak Resorts Thursday - Costco, Adobe And, Apple falls after Chinese court bans sale of most iPhones Odd Block: Tesla put summary, put breakdown in General Electric Company (GE), call sale in Tenet Healthcare Corp (THC), and call love in Liveramp Holdings Inc (RAMP) Mail Block: Options question of the week Everyone loves trading $AAPL #Options. So the #OpenInterest is always very high. But a few interesting #Options dominate the rest. What do you think is the largest open position in $AAPL right now? No cheating - try to use your #SpideySense. Jan 2020 200 Call Jan 250 Call Dec 180 Put Jan 100 Put Listener questions and comments: Comment from Austyn41: Good shows today. The experienced and animated host makes it very entertaining and interesting to listen to. Question from Bjorn L. - You still liking apple 150 puts here? Comment from Mark Brant - Bought AAPL 8d/15d Calendar Straddle for $1.40! On a nice streak with this strategy. Multi bagger profit potential if you get lucky. I have come to favor +EV plays that have big upside but uncertainty per trade. Question from Max Lee - What do you think about stock replacement in SPY here? How far out would you go? Around the Block/This Week in the Markets: Dec 14 - Retail Sales, Industrial Production