Option Block 905: Market Rallies While the U.S. Burns

OPTION BLOCK 905: MARKET RALLIES WHILE THE U.S. BURNS

• HOST:  MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP
• CO-HOST: ANDREW GIOVINAZZI, THE OPTION PIT
• CO-HOST:  MIKE TOSAW, ST. CHARLES WEALTH MANAGEMENT

TRADING BLOCK SEGMENT

• THE STOCK MARKET ISN’T REFLECTING REALITY YET, BUT CITIGROUP WARNS THAT PAIN AND ‘COLLATERAL DAMAGE’ ARE ON THE WAY
• AMERICAN CITIES ARE BURNING, THERE'S A LETHAL PANDEMIC, AND WE'RE IN A NEW GREAT DEPRESSION. OF COURSE, THE STOCK MARKET IS UP. WHY DO WE PERSIST IN CALLING IT A "MARKET?" S&P 500 IS REALLY THE S&P 6, STOCKS ARE TRADED BY ROBOTS AND FINANCED BY $5 TRILLION OF PRINTED MONEY AT 0%. - JIM RICKARDS
• VIX: 28.75 - UP 1 FROM LAST SHOW
• VVIX: 107 - DOWN 1.25 FROM LAST SHOW
• VXX: 33.5 - DOWN .1 FROM LAST SHOW

ODD BLOCK

• REVIEW RUTH LITS PUTS
• REVIEW UNP LITS PUTS

STRATEGY BLOCK

• ANYTHING THAT YOU CAN DO WITH STOCKS, WE CAN DO IT BETTER WITH OPTIONS. IS THIS THE TIME TO SELL YOUR STOCKS AND INSTEAD BUY CALLS TO REDUCE YOUR OVERALL PORTFOLIO RISK?

AROUND THE BLOCK

WHAT’S ON OUR RADAR FOR THE REST OF THE WEEK?