Option Block 689: It's The End of the World
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Trading Block: Dow loses over 1,000 points on the day. SPX opened at 2,683 on Jan 2. VIX cash now threatening 35! XBT below $7000; good thing for "uncorrelated assets."
Earnings Highlights this Week:
- Tuesday - GM, Snap Inc., Walt Disney Company
- Wednesday - Tesla, ICE
- Thursday - Twitter, Nvidia, Activision/Blizzard
- Friday - CBOE
Odd Block: From last Monday: Near-term call paper in (CL)
Mail Block: Question of the week
Holy Crap! $VIX is threatening 23! Is this the beginning of the #ZombieApocalypse or a great time to sell some #Volatility? In a nutshell - how do you think $VIX will finish the week?
- Elevated: 21-25
- Crazy Town: 25+
- Frothy: 17-21
- Bubbly: < 17
Updated Question of the Week #2
$VIX is moving like crazy today day. It\'s already blown past 23 and is threatening 35. So let\'s dial up our $VIX threshold for extra #ZombieApocalypse fun. You buying or selling these levels? Quite Simply: Where will $VIX close on Friday?
- Crazy Town: 30-35
- ZombieApocalypse: >35
- Crazy: 25-30
- Mildly Crazy: <25
Listener Questions and Comments:
- Question from Matt Williamson - What\'s up with FB $5 calls (yes, FIVE DOLLAR calls) in Jan 2019? OI climbing past 12k\\u2026
Around the Block/Economic Reports this Week:
- Feb 5: ISM Non-Mfg Index
- Feb 6: International Trade, JOLTS
- Feb 8: Jobless Claims