Option Block 818: The Volatility Smackdown on VIX, BYND, WWE and More

Published: July 2, 2019, 3:58 p.m.

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TRADING BLOCK

We got a little bit of insight into the trade war - no new tariffs.

North Korea stole all the trade war thunder over the last weekend.

S&P had best June performance since 1955.

MU up around 6%

Financial (XLF) and China (FXI) ETF\\u2019s up on trade news and bank stock buyback announcements.

NVDA, MU, AMD, (Chip makers and trade talks) AMZN,& AAPL -\\xa0no surprises, often on the list of most traded.

Most active indices - VIX: 366k, SPY: 1.7M, SPX, 720k

Most active equity options - AAPL, BABA, MU, TSLA, AMD, BAC, FB, NVDA, T, MSFT

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ODD BLOCK

Covered calls in Element Solutions Inc (ESI)

Put love in Domtar Corp (UFS)

Call love in (BP)

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MAIL BLOCK

Question from Fidelity Customer - I bought some puts for a hedge and now they\\u2019ve lost 90% of their value, should I just close them out?

Question from Jigs - What is the coolest tool that Fidelity offers for options traders?

Question from WAWL - I like when you guys talk old-school WWE on the show. I know the stock was one of the best performers of last year but is now about 30% off its high. How are the options shaping up these days? Also when are the mini metals making a comeback?

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AROUND THE BLOCK

This Week in the Market:

Jul 1 - Construction Spending

Jul 3 - International Trade, Jobless Claims, Factory Orders

Jul 5 - Unemployment, Fed Balance Sheet

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