Rihanna: pop icon and now market mover.
Listen to Option Block 699: Rihanna Clapback Tanks SNAP
Trading Block: Looking back at the week’s news:
- US weekly jobless claims total 226,000, in line with expectations
- Dow up more than 200 points, attempts to snap 3-session skid, as Boeing’s stock rises
- ToysRUs closing all stores.
- iHeartMedia files for Chapter 11 bankruptcy.
- SNAP tanks due to controversial Rihanna ad on platform.
- Spotify says it will begin trading shares April 3.
Strategy Block:
Uncle Mike Tosaw discusses limit orders
Mail Block: Listener questions and comments
- Question from Matt M. – Why does Mark always say that Andrew doesn’t understand expiration of vertical spreads in SPX? Is that true or some inside joke I missed?
- Question from Jello Fan – VXX 1-yr 50% OTM puts plus VIX 3 month 15% OTM call verticals – 5 or 10 handles wide. Is that the secret sauce?
Around the Block/Economic Reports:
- Mar 16: Housing Starts, Consumer Sentiment, JOLTS