Option Block 486: Uncle Mike Says Buy Oil
Dec 15, 2015•56 min
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Episode description
Trading Block: Crude oil futures fell to seven-year lows - below $35. VIX: On Friday, it was up 28 percent at 24.72. Volatility the surest bet in stocks after Fed meets. Three U.S. fund sectors fear SEC proposal on derivatives may hurt ETFs.
Odd Block: Buying vertical call spreads in Console Energy (CNX), upside call purchase in Royal Caribbean Cruises LTD (RDL), selling June 37 puts in Mondale International Inc (MDLZ)
Strategy Block: Uncle Mike Tosaw discusses his recent SPY trades
Around the Block: All eyes and ears will be the Federal Reserve as they are expected to announce a possible rate change on Wednesday. But, there are several other economic events worth noting as well.
- Dec 15: Consumer Price Index
- Dec 16: Housing Starts, FOMC Announcement
- Dec 17: Jobless Claims
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