In which the all-stars discuss something other than Brexit and FOMC: LinkedIn! (Didn’t see that coming, did you?)
Download Option Block 531: Shady Options Activity in LinkedIn
Trading Block: Today we have a special guest co-host: Steve Claussen, Chief Investment Strategist, OptionsHouse.
What’s going on:
- VIX/VVIX surging ahead of FOMC – VIX Cash over 20, VVIX: 117.
- Suspicious options activity in LNKD/MSFT ahead of deal
- A group from Silicon Valley has a serious plan for creating a totally new US stock exchange.
Options Question of the Week Results: How are you prepping your portfolio for #BREXIT:
- 23% Buying S&P / Index Puts
- 27% Buying Vol -VIX, VXX, etc
- 15% Moving to Cash
- 35% BREXIT will not happen was the winner, but down from 50% earlier in the week.
Odd Block: Calls trade in JPMorgan Alerian MLP (AMJ), calls trade in SunPower Corp. (SPWR), calls trade in Barclays PLC (BCS)
Strategy Block: Uncle Mike Tosaw discusses being a bull ahead to the FOMC and Brexit.
Around the Block: What are the all-stars thinking about?
- Earnings This Week: The Kroger Co, Rite Aid Corporation, Oracle Corporation.
- Federal Reserve Meeting on Wednesday.