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Trading Block: Amazon Prime Day today. Lots of closing VIX puts. Waiting on what Yellen may say. Odd Block: TSLA options tracker - 145 "catastrophe" puts hit the tape today, 20 more Jan 2018 20 puts also trade today. APRN first week review - paper buys 1080 Aug 9 calls for $0.40. Crazy tree or put spread in iShares MCSI Taiwan Index (EWT). Strategy Block: A double strategy today! A put roll down trade in silver and a modified collar trade in XLF. Mail Block: Options question of the week. $APRN #options are live! Aug 8 calls top the charts so far. With $APRN at $8.15 Aug 8 calls are $.65-$.75. Would you rather? - 28% - Buy Aug 8 Call for $.75
- 33% - Sell Aug 8 Call for $.65
- 6% - Buy $APRN Stock for $8.15
- 33% - Rather Eat $APRN's Food
Listener Question from Darqane: Assigned on short SPX puts means getting long the underlying? But how does that work if it is cash settled? Around the Block: This Week in the Market: - Jul 14: Consumer Price Index, Industrial Production, Consumer Sentiment
Earnings This Week: - Friday - Wells Fargo, Citi, and JP Morgan
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