Option Block 827: China Strikes Back

• 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: TREY JARRELL, FIDELITY ACTIVE TRADER STRATEGY DESK

 THE TRADING BLOCK

• CHINA STRIKES BACK IN TRADE WAR - CHINESE YUAN FALLS BELOW 7 VS. USD -WIDELY SEEN AS THE FLOOR FOR THE CURRENCY AND A HEDGE FOR MANY TRADERS HASN’T TRADED LOWER THAN 7 SINCE 2008
• ALSO TOLD ALL STATE-OWNED COMPANIES TO HALT U.S. AG IMPORTS
• VIX  BREAKS 20 HANDLE!
• VIX 21.60 - UP 7.70 FROM LAST SHOW - 
• VIX: 111 - UP 20 FROM LAST SHOW
• VXX: 27.50 - UP NEARLY 5 POINTS FROM LAST SHOW
• MARK/ANDREW REVIEW?
• MIKE REVIEW?
• WHAT ARE FIDELITY’S CUSTOMERS TRADING TODAY?
• TOP 10 MOST ACTIVE EQUITY OPTIONS
• INDEX OPTION VOLUME BREAKDOWN
• AND MORE…

OCC July Cleared Volume Up 7.9 Percent

 

• Highest Total Volume Ever for July
• Index Options Up 14.1 Percent

 

THE ODD BLOCK

• PHM CALL LOVE
• SKX EARNINGS PUT PLAY
• AAP CALL LOVE

 

MAIL BLOCK

• QUESTIONS FROM FIDELITY CUSTOMERS? -  

 

 

• Now that the market is ~5% off it's highs, how can i cheaply hedge my portfolio and make money on the downside?
• How do I make the decision on when to get out of bullish options positions?

COMMENT FROM Scott Somer @ScottnearSMF ON 8/5/19: Be aware that if $SPX touches 2726.80 BEFORE 2:25PM CDT Today (August 5th) there will be a 15 minute marketwide trading halt. #MarketAwareness #NYSERule80B  

AROUND THE BLOCK

 What is on our radar for the rest of the week?