Option Block 631: Talking VIX, Apple, Bitcoin, Oil And More

The Option Block

Trading Block: Wall St. boosted by tech stocks, rebound in oil prices; Bitcoin Tumbles to Lowest Level in More Than a Week

Odd Block: Put buying in Darden Restaurants (DRI), put spreads trading in iShares MSCI Taiwan Index (EWT) and puts trading in Iridium Communications (IRDM)

Mail Block: Options Question of the Week 1

Everyone is talking about #Bitcoin #Volatility these days. Where do you stand on #Bitcoin after last weeks aggressive downturn?

• Too Volatile, I am out
• I am still bullish
• I want #Bitcoin #Options
• I am sick of #Bitcoin

Options Question of the Week 2

Let's get back to basics. #Options are great way to get long (bullish) exposure to stocks & futures. What's your fav way to go long?

• Long Call/Call Spread
• Short Put/Put Spread
• Stock(Future) Replacement
• Bullish Risk Reversal

Listener Questions and Comments

• Comment from FContangotrader - I cant wait to start trading options on bitcoin.
• Comment from Mrs Wartsoff - Paper trading does not count!!!!
• Question from Jeli - Can I buy longer term options than LEAPs?
• Question from Andrew Freeman: I know mike is out of AAPL but if he had to make an options trade out there now what would it be? Theres no bid on the 70 puts and they only list December puts down to 80 where they are bid for nine cents.

Around the Block/This Week in the Market

• Jun 27: Consumer Confidence
• Jun 28: International Trade
• Jun 29: Jobless Claims, GDP
• Jun 30: Personal Income, Consumer Sentiment