Option Block 827: China Strikes Back

  • 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: TREY JARRELL, FIDELITY ACTIVE TRADER STRATEGY DESK

THE TRADING BLOCK

  • CHINA STRIKES BACK IN TRADE WAR – CHINESE YUAN FALLS BELOW 7 VS. USD -WIDELY SEEN AS THE FLOOR FOR THE CURRENCY AND A HEDGE FOR MANY TRADERS
    HASN’T TRADED LOWER THAN 7 SINCE 2008
  • ALSO TOLD ALL STATE-OWNED COMPANIES TO HALT U.S. AG IMPORTS
  • VIX  BREAKS 20 HANDLE!
  • VIX 21.60 – UP 7.70 FROM LAST SHOW –
  • VIX: 111 – UP 20 FROM LAST SHOW
  • VXX: 27.50 – UP NEARLY 5 POINTS FROM LAST SHOW
  • MARK/ANDREW REVIEW?
  • MIKE REVIEW?
  • WHAT ARE FIDELITY’S CUSTOMERS TRADING TODAY?
  • TOP 10 MOST ACTIVE EQUITY OPTIONS
  • INDEX OPTION VOLUME BREAKDOWN
  • AND MORE…

OCC July Cleared Volume Up 7.9 Percent

  • Highest Total Volume Ever for July
  • Index Options Up 14.1 Percent

THE ODD BLOCK

  • PHM CALL LOVE
  • SKX EARNINGS PUT PLAY
  • AAP CALL LOVE

MAIL BLOCK

  • QUESTIONS FROM FIDELITY CUSTOMERS? –  
  • Now that the market is ~5% off it’s highs, how can i cheaply hedge my portfolio and make money on the downside?
  • How do I make the decision on when to get out of bullish options positions?

COMMENT FROM Scott Somer: Be aware that if $SPX touches 2726.80 BEFORE 2:25PM CDT Today (August 5th) there will be a 15 minute marketwide trading halt. #MarketAwareness #NYSERule80B

AROUND THE BLOCK

What is on our radar for the rest of the week?  

 

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