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 Exploded In My Face 15% - Vega Snuck up on My Delta Listener replies: Comment from Matt Benson - Calls in TSLA last week, lol (in response to OQOTW) Comment from John Dakota - Too soon to tell. My one mistake was putting an Iron Butterfly on wrong had to lose 20 and a DT for it. Just took off BBY for 200+! #QuestionOfTheWeek, part deux SNAP #Options arrive Friday. Assuming $SNAP is still $25 - price the 1-week straddle exp. 3/17 (aka how much movement) Between $1 - $2 Between $2 - $3 Between $3 - $4 Over $4 Listener questions and comments: Question from Hopgrower - Mark and The meatball, love your shows. My question is as follows: How much heart burn does this thought process give you. I have a directional bias and I buy a slightly in the money call 45 to 60 days out. The stock moves in my favor then stalls or retraces slightly. I then turn it into a vertical. Please fire away. Always learning. Thanks, Hopgrower Question from Tom Drake - Whats up with Mike's SLV collar? Question from Sean - You have discussed closing positions prior to earnings on past shows. Why would I take an OTM options off the table before the announcement? Is that not exactly when I want to have the option? Around the Block:/This Week in the Market: Mar 6: Factory Orders Mar 7: International Trade Mar 8: Productivity and Costs Mar 9: Jobless Claims Mar 10: Unemployment Mar 10: Export Prices

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