Option Block 491: Buy Andrew a Generator

Published: Jan. 12, 2016, 9:19 p.m.

Trading Block: Last week was the worst start to a trading year in history. An early rally lost steam later in the session. Intra day S&P high - 1935. Does the lack of IPOs signal a looming recession? Fear makes oil options increasingly expensive.

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Odd Block: 1-by-2 call spread in The CBOE Volatility Index (VIX), buy to close short in Teva Pharmaceutical (TEVA), and bullish risk reversal in Powershares QQQ Trust (QQQ).

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Strategy Block: Tosaw discusses the importance of "drawing a line in the sand" and having a plan.

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Mail Block: Listener questions and comments

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  • Question from Pepe - Who is paper?
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Around the Block: This Week in the Market

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  • Alcoa kicks off another round of quarterly earnings on Monday and there are several economic reports worth nothing particularly on Friday.
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  • Jan 12: JOLTS
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  • Jan 13: Beige Book, Treasury Budget
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  • Jan 14: Jobless Claims
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  • Jan 15: PPI, Retail Sales and Consumer Sentiment
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