Option Block 708: VIX Is Dead...Long Live VIX
Apr 17, 2018•1 hr
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Episode description
Trading Block: What is happening that might move the markets?
- Calm coming soon? A silent Trump Twitter account helps.
- A calmer backdrop for equities would bring pain to speculators, or more kindly, reduce the value of their hedges.
- Earnings Season Is Set to Crush Volatility Once Again
Earnings:
- Monday - Netflix (after the bell) $307, ATM straddle $28, approx. 9%
- Tuesday - IBM, Johnson & Johnson, United
- Wednesday - American Express, Alcoa, Abbott
- Thursday – E*Trade
- Friday - GE, P&G, Honeywell, Waste Management
Odd Block: More Jan 2019 50 "catastrophe" puts in Tesla Motors (TSLA). Closing roll to puts in Yandex NV (YNDX). Call love in Devon Energy Corp (DVN). Short puts in PagSeguro Digital Ltd (PAGS).
Strategy Block: Uncle Mike Tosaw discusses synthetic trades.
Around the Block/Economic Reports:
- Apr 16 - Retail Sales, Business Inventories, Treasury International
- Apr 17 - Housing Starts, Industrial Production
- Apr 18 - Beige Book
- Apr 19 - Jobless Claims
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