Option Block 273: Trades to Salivate Over

Trading Block: It was a very mild day on the street. How did the holiday weekend volatility play out last week? It’s that time again - the volume numbers are in! Microsoft buys Nokia.

Odd Block: Calls trade in Timken Company (TKR), NetApp Inc (NTAP), Oasis Petroleum Inc. (OAS), and Fastenal Company (FAST).

Strategy Block: What happens when your covered call goes in the money?

Mail Block:

• Question from Phillip Kay - What is the ASPs take on Tesla skew? Upside still steep and a good candidate for verticals or has that ship sailed?
• Comment from Mark Clyde Brant @MarkBrant1KM -@Options Tesla and Netflix managers are dumping shares en masse! Sep long Puts in play.
• Question response from bitcoinbravo - Hedging Bitcoin Mining Investments with Network Difficulty Futures: Part 1 – Hedging Shipment - http://thegenesisblock.com/hedging-bitcoin-mining-investments-with-network-difficulty-futures-part-1-hedging-shipment-delay/

Around the Block: Non-farms and Syria ahead.