Option Block 826: As The Worm Turns

Published: Aug. 2, 2019, 3:03 a.m.

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Option Block 826: As The Worm Turns

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  • HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP
  • CO-HOST: MARK SEBASTIAN, OPTION PIT
  • CO-HOST: MIKE TOSAW, ST. CHARLES WEALTH MANAGEMENT
  • FIDELITY HOT SEAT: BRIAN ISABELLE, FIDELITY ACTIVE TRADER STRATEGY DESK

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THE TRADING BLOCK

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  • FIRST RATE CUT IN 10+ YEARS - SINCE THE DARK DAYS OF THE FINANCIAL CRISIS.
  • MARKET WANTED 50 BASIS POINTS YESTERDAY - 1% SELLOFFS ACROSS THE BOARD.
  • VIX 13.90 - UP 1.35 FROM LAST SHOW - HIT A HIGH OF 15.44 SINCE LAST SHOW
  • VVIX: 91.5 - UP 6.5 FROM LAST SHOW
  • VXX: 22.75 - UP 1.25 POINTS FROM LAST SHOW - HIT A HIGH OF 23.64 THIS WEEK
  • MARK/ANDREW REVIEW?
  • MIKE REVIEW?
  • WHAT ARE FIDELITY\\u2019S CUSTOMERS TRADING TODAY?
  • TOP 10 MOST ACTIVE EQUITY OPTIONS
  • INDEX OPTION VOLUME BREAKDOWN
  • AND MORE\\u2026

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OPTION PIT STOCK OF THE DAY

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  • LOOKING AT APPLE AFTER EARNINGS THIS WEEK.

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THE ODD BLOCK

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  • GO PRO CALL LOVE
  • TME PUT LOVE
  • PAAS AGGRESSIVE CALL BUYING

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MAIL BLOCK

\\xa0Question from Eddie Matheney:\\xa0 Is selling options for a credit (bull put) more profitable than buying options and paying a debit (bull call)? Thanks.

AROUND THE BLOCK

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  • What is on our radar for the rest of the week?\\xa0 Looking for the employment situation numbers tomorrow along with consumer sentiment and factory orders.

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