Option Block 479: Maximum Gamma

The Option Block · Oct 16, 2015 · 1h 3m

Trading Block: VIX - The Chicago Board Options Exchange Volatility Index fell 4.6 percent Thursday to 17.21, after back-to-back gains for the first time since Sept. 28. VIX is down 30 percent this month, on track for the most since July.

Earnings: The third-quarter earnings crunch begins this week.

Mattel (MAT) - $22.26, Oct 22 straddle - Approx. $2 / 9% move.

Netflix (NFLX) added fewer subscribers in the U.S. in the September quarter than it had anticipated.

Amazon (AMZN) is up 1.6% at $553.29, as traders celebrate lackluster subscriber statistics for programming rival Netflix, Inc.

Odd…