Option Block 728: Tariff-Ied of Killer Foxes
Jul 03, 2018•57 min
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Episode description
Trading Block: Canadian revenge tariff are on the docket today. VIX cash sits above 17. OCC Cleared Contract Volume up 6% in June - the highest June for total options volume on record. It's SPX's 35-year anniversary.
Odd Block: July 4 calls in Limelight Networks, Inc. (LLNW), Funky multi-leg in BP Prudhoe Bay Royalty Trust (BPT), Rolling puts in (FLO).
Strategy Block: Uncle Mike Tosaw discusses trading short put spreads
Mail Block: Options question of the week
Traders generally fade volatility going into holidays (today notwithstanding). What's your favorite vehicle when you want to wager on the dark side of volatility? Short-term or Long-term - that's up to you.
- Short VIX Futures
- Long $VIX Puts/Spread
- Long $VXX Puts/Spread
- Short $VIX Calls/Spreads
Around the Block: 'Murica. Mired in tariff talk. Negotiating trade deals is tough!
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