- HOST: ?MARK LONGO, THE?OPTIONS?INSIDER
- CO-HOST:?ANDREW GIOVINAZZI/MARK SEBASTIAN,?OPTION?PIT
- CO-HOST: ?MIKE TOSAW, ST. CHARLES WEALTH MANAGEMENT
- FIDELITY HOT SEAT:?Colin Songer, Active Trader Strategy Desk
TRADING BLOCK
- VIX – 15.80, Still locked near the 16 handle
- Most active indices – VIX – 240k, SPY – 804k, SPX – 333K,
- Most active equity options: DIS, AAPL, AMD, TSLA, FB, LULU, GE, NFLX, AMZN, BABA?
- SPY goes ex-div on June 21
Earnings:
- Tuesday – Dave & Busters
- Wednesday – Lululemon
- Thursday – Broadcom
ODD BLOCK
- Call love in Tellurian Inc (TELL)
- Call love in EQT Corporation (EQT)
MAIL BLOCK
#Options #QuestionoftheWeek – #Bitcoin $BTC is hovering around $8500 right now. If you had to make a 1-month #options trade expiring 6/31 – would you rather…
– Buy $9000 Call
– Buy $8000 Put
– Sell $8000 Put
– Other – reply/dm w/strat
The hilarious story of /u/1R0NYMAN and Robin Hood.
SirSoliloquy – What’s hilarious is that, with the way robinhood is set up, /u/1R0NYMAN was somehow able to cash out $10,000 of robinhood’s money before everything disappeared. So robinhood lost hundreds of thousands, but /u/1RONYMAN gained thousands
TheRealOneTwo – Basically Robin hood screwed up. They were giving people leverage without margin. Basically saying you are good for $200k in trades though you only had $1k in the account. No agreement for a loan (margin). Trader was shortboxing and lost. The actual risk to him was nothing since he did not agree to a loan (will be determined by the SEC). Robin hood is on the hook for his losses. RH has since blocked shortboxing.
AROUND THE BLOCK
This Week in the Market:
- Jun 13 – Jobless Claims, Import and Export Prices
- Jun 14 – Retail Sales, Consumer Sentiment