Option Block 574: Laterally Arabesque
Nov 18, 2016•1 hr 4 min
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Episode description
Trading Block: A mild market rally today. VIX cash back below the 14-handle. TSLA recovering from some recent losses; was up over 2% at mid-day. Yellen says Fed might hike interest rates relatively soon. Jobless claims in U.S. declined to lowest level in four decades.
Odd Block: Size calls trade in Financial Select SPDR (XLF), calls trade in Advanced Micro Devices (AMD) and puts trade in Freeport Mc MoRan Inc. (FCX).
Strategy Block: Uncle Mike discusses trading in IBB
Mail Block: Listener questions and comments
- Question from Mike The Bookie - Yeah, the ETF based volatility indexes. Is here a good place to bracket UVXY or VXX?
- Question from Ian Wagner - Why trade volatility vs direction or income? Preference? More favorable risk/reward profile.
Around the Block/Earning Highlights this Week:
- Friday - Foot Locker, Abercrombie & Fitch
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