OB 828: Clam Pirates, Hobbits and Funky VIX Curves

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

 THE TRADING BLOCK

• WHAT A WILD WEEK - WORST SELLOFF OF THE YEAR FOLLOWED BY ANOTHER SELLOFF THAT ULTIMATELY ENDED UNCHD. NOW WE’RE IN RALLY MODE

• VIX 17.60 - DOWN 4 FROM LAST SHOW -

• VVIX: 99.88- DOWN 11 FROM LAST SHOW

• VXX: 26.50 - DOWN 1 POINT FROM LAST SHOW

• MARK/ANDREW REVIEW?
• MIKE REVIEW?
• WHAT ARE FIDELITY’S CUSTOMERS TRADING TODAY - ROKU, AMZN, AMD, KHC and more.
• TOP 10 MOST ACTIVE EQUITY OPTIONS
• INDEX OPTION VOLUME BREAKDOWN
• AND MORE…

 

THE ODD BLOCK

• KHC FUNKY ITM CALLS
• KR LINE IN THE SAND PUT REVIEW 
• LBTYK CALL LOVE REVIEW

 

MAIL BLOCK

• QUESTION FROM Steven Tresser: Mark, I love the podcasts and have learned a ton from you guys. I have two questions about protecting profits with puts:
• 1. I've heard you mention around 2% as the appropriate amount of premium to pay to protect profits in a stock. Is this 2% of the overall position, or 2% of the profits?
• 2. How would this apply to profits in a long call. Say I am up $10,000 in a long call position and think it still has some upward run. How do I figure out how many ATM or slightly OTM puts I need to protect some percentage (say 50-100%) of that profit? Thank you and keep up the good work! Great show!

 

AROUND THE BLOCK

• What is on our radar for the rest of the week? - Continued surge of gold and silver, ppi, yield curve, will vix futures work out of backwardation, spx wild ride