Option Block 312: Juicy Buffett Puts

07/02/2014 1h 4min
Option Block 312: Juicy Buffett Puts

Listen "Option Block 312: Juicy Buffett Puts"

Episode Synopsis

Option Block 312: Juicy Buffett Puts
Trading Block: Market up 1%. Is the brief correction over?  VIX far below the 20-handle. Twitter taking it on the chin; down 23% off news that subscriber growth is slowing.  Zynga back up in the $4.5 range again. Is it risk reversal time again?
Odd Block:  Giant collars go up in Zynga Inc. (ZNGA), puts trade in NuPathe Inc. (PATH), calls trade in Global X Uranium ETF (URA), and giant collar trades in TD Ameritrade Holdings Corp (AMTD)
Xpress Block:  Big volume in Yelp, Green Mountain, and Twitter.  More weeklys in the Ideas Hub
Mail Block: 
Question from Nick Tate - Do you guys think Bit Coin derivatives are on the horizon? Would OX trade it? What would the call skew look like in something like that?
Question from Inchon06 - Mr. Mass Destruction sure seems to be pretty happy selling puts. Hypocrisy or just taking advantage of "Buffett Premium"?

Around the Block:  Whats left on the earnings horizon? Non-farms ahead. 

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