OB 838: SAUDI ATTACKS DRIVE BP CALL EXPLOSION

• HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP
• CO-HOST: ANDREW GIOVINAZZI, OPTION PIT
• CO-HOST: MIKE TOSAW, ST. CHARLES WEALTH MANAGEMENT
• FIDELITY HOT SEAT: TREY FARRELL, ACTIVE TRADER STRATEGY DESK, FIDELITY BROKERAGE SERVICES LLC

THE TRADING BLOCK

• MARKETS SPOOKED BY SAUDI OIL ATTACK 
• VIX 14.85 - UP .75 FROM LAST SHOW
• VVIX: 100.6 - UP 5 FROM LAST SHOW
• VXX: 23.4 - UNCHD FROM LAST SHOW

THE ODD BLOCK

• BP CALL EXPLOSION
• DISH CALL PALOOZA
• STRANGE ITM IGT CALL PRINT

STRATEGY BLOCK

• Is it better to trade outright for smaller size or larger size via spreads.

MAIL BLOCK

• FIDELITY CLIENT QUESTION OF THE WEEK: If I’m looking to trade a specific market, is it better to trade an option on an etf that tracks that market or to just trade the underlying index?

 AROUND THE BLOCK

• Saudis, Saudis, Saudis...oh and the Fed.