Option Block 61: LNKD Into Options

 

Trading Block:  Sell in May and go away?  Ok, sure.  LinkedIn IPO on Wednesday at $45, goes up to $122 on Thursday, closes at $94.25 with a volume of 30mm contracts, or more than 9x its revenue stream.  Commodities trading choppy.

 

Odd Block: NVDA – ADV=62k, does 77k, mostly selling Sep calls.  PCYC- ADV=400, does over 10k with a size put seller in the Sep 17.50 puts.

 

Xpress Block: Credit spread roll traps and how to avoid rolling losing positions.

 

Listener Questions:  Delta neutral trading for credit spreads.  Credit spread possibilities for leve 2-3 traders. Realistic options strategies for under $10k.

 

Around the Block: Number revisions coming out, holiday weekend.