• 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