The Option Block Episode 672: Comfortably Craptastic

The Trading Block: SQ and QCOM dominating the options charts today. Looks like QCOM activity is actually a dividend play. Light on earnings this week. Goldman execs cash out decade-old options just days before they expire. The Odd Block: TSLA tracker; Weird house-money put roll in WDC; Tons of Dec 26 puts in DKS; Size near-term call love in NEM. The Mail Block: Options question of the week SPY always dominates the #options volume charts. But what do you think people are actually trading in SPY? Take a guess at the top OI position in SPY right now. No cheating (or checking with your broker) - use your grey matter and your "gut" to pick the right one. Jan 262 call Dec 2019 150 put Dec 280 call Jan 240 put Listener questions and comments Question from PBiggers‏: how will the market react if the tax bill fails to pass in the senate on Thursday? Bullish, modest correction or major correction? Comment from Robert Baker: in response to your questions regarding TSLA catastrophe puts Jan 19 $50; I believe that they are insurance policies for model 3 depositors to recover their $5000 deposit in the event that Tesla goes bankrupt. After all, it's the cheapest form of insurance because the $50 put will be worth $5000 if TSLA goes to zero. Keep up with your show - it's fun.