Unusual Option Action

Tuesday’s Option Action – (Recap)

Yesterdays massive rally reversed overnight into today's rout as China's unexpected currency devaluation sparked a sell-off that moved stocks lower and their respective options some 100's of percent.

$AAPL plunged over 5% reversing all of yesterdays gains, something I thought might happen even before the big China news last night.  PUT options soared some over 1,000% in reaction the the move.

$GPRO tumbled almost 10% sending PUT options I bought yesterday soaring.

and the unexpected Alphabet restructuring of GOOGL sent it's call options up 1,000%.  After a slow start in 2015, GOOGL has had one of its best years in terms of movement.

Let's dig deeper into today's action.

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