Option Block 699: Rihanna Clabpack Tanks SNAP
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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