Option Block 166: Calendar Strangle Swap
Option Block 166: Calendar Strangle Swap
Trading Block: PFG Best madness; the Chicago based options brokerage firm reeling after their CEO, Russ Wasendorf, attempted suicide after charges of fraud and a missing $200M+ in customer funds. How did the NFA miss this? Another day, another mild selloff that weakens toward the close. The Apple pre-pre earnings.
Odd Block: Interesting and unusual activity: A size calendar strangle in VIX options.
Strategy Block: Mike Tosaw leads the Strategy Block this week and discusses the ratio repair strategy.
Listener Question: Should I sell the Ford Aug 9 puts…
The skinny
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