Option Block 476: Star Wars Straddles

The Option Block · Nov 6, 2015 · 1h

Trading Block: Earnings!

Before the bell today: Apache, Celgene Corporation, Crocs, Inc.,

After the bell today: Walt Disney Company, DreamWorks Animation

News:

DIS: $113. ATM straddle: $4.85, 4.3%. On a huge rally since massive selloff in August.

OCC Cleared Contract Volume Declined 26% in October.

Market falls in line with Yellen, but now Fed credibility at stake.

Odd Block: Calls and puts trade in Bank of America Corp. (BAC), calls trade in Metlife Inc. (MET), and puts trade in Straight Path Communication (STRP)

Listener Mail: Listener questions and comments

Question from Kevin - How do you…