Option Block 826: As The Worm Turns

  • HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP
  • CO-HOST: MARK SEBASTIAN, OPTION PIT
  • CO-HOST: MIKE TOSAW, ST. CHARLES WEALTH MANAGEMENT
  • FIDELITY HOT SEAT: BRIAN ISABELLE, FIDELITY ACTIVE TRADER STRATEGY DESK

THE TRADING BLOCK

  • FIRST RATE CUT IN 10+ YEARS – SINCE THE DARK DAYS OF THE FINANCIAL CRISIS.
  • MARKET WANTED 50 BASIS POINTS YESTERDAY – 1% SELLOFFS ACROSS THE BOARD.
  • VIX 13.90 – UP 1.35 FROM LAST SHOW – HIT A HIGH OF 15.44 SINCE LAST SHOW
  • VVIX: 91.5 – UP 6.5 FROM LAST SHOW
  • VXX: 22.75 – UP 1.25 POINTS FROM LAST SHOW – HIT A HIGH OF 23.64 THIS WEEK
  • MARK/ANDREW REVIEW?
  • MIKE REVIEW?
  • WHAT ARE FIDELITY’S CUSTOMERS TRADING TODAY?
  • TOP 10 MOST ACTIVE EQUITY OPTIONS
  • INDEX OPTION VOLUME BREAKDOWN
  • AND MORE…

OPTION PIT STOCK OF THE DAY

  • LOOKING AT APPLE AFTER EARNINGS THIS WEEK.

THE ODD BLOCK

  • GO PRO CALL LOVE
  • TME PUT LOVE
  • PAAS AGGRESSIVE CALL BUYING

MAIL BLOCK

 Question from Eddie Matheney:  Is selling options for a credit (bull put) more profitable than buying options and paying a debit (bull call)? Thanks.

AROUND THE BLOCK

  • What is on our radar for the rest of the week?  Looking for the employment situation numbers tomorrow along with consumer sentiment and factory orders.

 

 

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