Option Block 826: As The Worm Turns

 

• 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

 

THE TRADING BLOCK

 

• 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’S CUSTOMERS TRADING TODAY?

• TOP 10 MOST ACTIVE EQUITY OPTIONS

• INDEX OPTION VOLUME BREAKDOWN

• AND MORE…

 

OPTION PIT STOCK OF THE DAY

 

• LOOKING AT APPLE AFTER EARNINGS THIS WEEK.

 

THE ODD BLOCK

 

• GO PRO CALL LOVE

• TME PUT LOVE

• PAAS AGGRESSIVE CALL BUYING

 

MAIL BLOCK

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

AROUND THE BLOCK

 

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