Option Block 600: SNAP Straddles and Earnings Bets
Trading Block: OCC announced that total cleared contract volume in February was 333,411,251 contracts, 1% from February 2016 volume. Index options volume was up 11% with 39,247,030 contracts in February. An escalating broker price war has begun.
Odd Block: Puts trade in iShares Iboxx $High Yield Corp (HYG), calls trade in NRG Energy, Inc. (NRG) and calls trade in Dicks Sporting Goods (DKS).
Mail Block: Options #QuestionOfTheWeek #Oscars Edition.
#WarrenBeatty screwed up Best Picture. What's your biggest #Options screwup?
37% - Held onto shorts too long
37% - Time Decay killed me
11% - Gamma…
The skinny
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