Option Block 736: New Bat Time, Same Bat Channel

Published: Aug. 10, 2018, 7:15 p.m.

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Trading Block: A week in review from a trading perspective.

  • The 30 handle is in the rear-view mirror for VXX - more puts hotting the tape.
  • OCC Cleared Contract Volume Up 15 Percent in July

Earnings:

  • Monday - Tyson, Marriott, Tenet, NeoPhotonics, Vericel
  • Tuesday - Snap, Disney
  • Wednesday - CVS, Roku
  • Thursday - Coca-Cola, Viacom, Dropbox

Odd Block: Review from 7/9: Rolling July put spread in iShares Russell 2000 Growth Index (IWO), vertical opening in Endo International PLC (ENDP), and small verticals in Amgen, Inc. (AMGN)

Strategy Block: Uncle Mike Tosaw discusses both metals to buy now and WWF Champs from 1984-1988!

Mail Block: Volatility quesiton of the week

VXX has finally broken through the 30 handle. Many of you are fascinated with the ongoing saga of the $VXX Jan 10 Puts. OI is over 200k and thousands continue to trade for $.01. Our question: Would you trade these puts?

  • Yes: Buy for $.01
  • Yes: Sell for $.01
  • No. It's Just Gambling
  • I have enough $VXX Puts

Around the Block/This Week in the Markets:

  • Aug 7 - JOLTS
  • Aug 9 - Jobless Claims, PPI
  • Aug 10: Consumer Price Index, Treasury Budget
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