Option Block 690: Debating XIV and SVXY
Feb 09, 2018•1 hr 1 min
Listen to this episode in Metacast mobile app
Don't just listen to podcasts. Learn from them with transcripts, summaries, and chapters for every episode. Skim, search, and bookmark insights. Learn more
Episode description
Trading Block: A review of the week to date.
- VIX back up over 30
- S&P is back in selloff mode despite decent earnings.
- We are all now living in a post VIX/Monday selloff world.
- Everyone is attacking the "Frankenproducts" like XIV and SVXY.
- VXX was briefly back above its post-split levels.
- Earnings are getting lost in the macro maelstrom - TSLA, CMG, TWTR, SNAP, ETC
- Earnings Highlights:
- NVDA: ATM Straddle - $18, approx. 8%
- ATVI: ATM Straddle - $5.50, approx. 8%
- CBOE stock is getting crushed.
Odd Block: More Jan 2019 50 "catastrophe"puts in Tesla Motors (TSLA); Unloading Mar 30 calls in (UNP).
Strategy Block: Mike Tosaw discusses buying the dip
Mail Block: Options question of the week
VIX is moving like crazy today day. It's already blown past 23 and is threatening 35. So let's dial up our $VIX threshold for extra #ZombieApocalypse fun. You buying or selling these levels? Quite Simply: Where will $VIX close on Friday?
- Crazy Town: 30-35
- Zombie Apocalypse: >35
- Crazy: 25-30
- Mildly Crazy:
For the best experience, listen in Metacast app for iOS or Android