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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.
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