Option Block 736: New Bat Time, Same Bat Channel
Aug 10, 2018•1 hr 2 min
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Episode description
Trading Block: A week in review from a trading perspective.
- The 30 handle is in the rear-view mirror for VXX - more puts hotting the tape.
- OCC Cleared Contract Volume Up 15 Percent in July
Earnings:
- Monday - Tyson, Marriott, Tenet, NeoPhotonics, Vericel
- Tuesday - Snap, Disney
- Wednesday - CVS, Roku
- Thursday - Coca-Cola, Viacom, Dropbox
Odd Block: Review from 7/9: Rolling July put spread in iShares Russell 2000 Growth Index (IWO), vertical opening in Endo International PLC (ENDP), and small verticals in Amgen, Inc. (AMGN)
Strategy Block: Uncle Mike Tosaw discusses both metals to buy now and WWF Champs from 1984-1988!
Mail Block: Volatility quesiton of the week
VXX has finally broken through the 30 handle. Many of you are fascinated with the ongoing saga of the $VXX Jan 10 Puts. OI is over 200k and thousands continue to trade for $.01. Our question: Would you trade these puts?
- Yes: Buy for $.01
- Yes: Sell for $.01
- No. It's Just Gambling
- I have enough $VXX Puts
Around the Block/This Week in the Markets:
- Aug 7 - JOLTS
- Aug 9 - Jobless Claims, PPI
- Aug 10: Consumer Price Index, Treasury Budget
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