Option Block 769: Fed Doesn't Care About Volatility

TRADING BLOCK

Fed raises rates again - hints at slower raises to come, but not enough for the markets. Chair Powell pretty much says the Fed doesn’t need to respond to Trump or the market.

Most active:

SPY - 3.54M (ADV 3.72M)

VIX -  177k (584K ADV)

Earnings Highlights:

Thursday - Conagra, Nike

Friday - Carmax

ODD BLOCK

Tesla put summary

Call love in (PG)

Call love in (EXEL)

Put love in (GNW)

MAIL BLOCK

#Options #QOTW - Which upcoming #Volatility product are you most excited about trading in 2019? Or are you content to stay with the original despite lingering issues?

- #SPIKES

- #Realday/ #RealVol

- #Voldex/ #Skewdex

- I’ll stick with $VIX

Comment from StockCats - 6 trading days left in the year…

Comment from TinSoldier - RE: Disney - Stock buybacks are not happening, but you have to be blind not to see future growth in every business segment(media, parks, studio)

Comment from Danny_Desert - RE: Disney - I can give a couple trillion why it won’t.

Comment from Koopus - Recent market jolts is when fake & bloated stocks like TSLA will race to the bottom!

Comment from PaulDrew2006 - Uncle Mike’s comment that this is a market for crazy people - Not really, smart people will be buying a sale

Comment from Scott Somer: 10,000 Jan 18th $XLF 22 puts have traded….$SPY STILL has 5 dollar expected move in Dec 21 cycle.

AROUND THE BLOCK