Option Block 416: Blasting Out Cheap XLE Puts

The Option Block · Mar 17, 2015 · 1h

Option Block 416: Blasting Out Cheap XLE Puts

Trading Block: Rally ho on the street! Options traders are starting to pay up for crash protection, according to a recent note from Goldman Sachs. Long-dated crash put protection costs on the [S&P 500] have more than doubled over the past 9 months.

S&P 500 declines for third straight week as dollar resumes rally. OPEC says low oil prices may hit U.S. output by late 2015.

Odd Block: Puts trade in US Silica Holdings Inc. (SLCA), put trade in iShares MSCI Brazil Index (EWZ), and calls trade in Lowes Co. (LOW).

Xpress Block: Check out both the Xpresso…