Option Block 554: Crude Battle Plus the Collar-Risk Reversal Breakdown
Trading Block: August this year was the lowest average daily volume for puts and calls since October 2012.
Stocks to Watch:
TWTR - Stock off over 5%
AAPL - World not enthused with new iPhone, stock off nearly 3%
TSLA - Stock back below $200 - With the combined weight of SCTY deal controversy, cash squeeze and SpaceX explosion.
SBUX - CEO endorses Hilary, stock off nearly 2%.
Crude stock drop sparks rally. U.S. crude stocks fell by a whopping 14.5 million barrels last week.
Odd Block: Calls trade in TransOcean LTD (RIG), calls trade in Chesapeake Energy (CHK), and calls trade in iShares FTSE /…
The skinny
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