Listen "Option Block 690: Debating XIV and SVXY"
Episode Synopsis
Trading Block: A review of the week to date. VIX back up over 30 S&P is back in selloff mode despite decent earnings. We are all now living in a post VIX/Monday selloff world. Everyone is attacking the "Frankenproducts" like XIV and SVXY. VXX was briefly back above its post-split levels. Earnings are getting lost in the macro maelstrom - TSLA, CMG, TWTR, SNAP, ETC Earnings Highlights: NVDA: ATM Straddle - $18, approx. 8% ATVI: ATM Straddle - $5.50, approx. 8% CBOE stock is getting crushed. Odd Block: More Jan 2019 50 "catastrophe"puts in Tesla Motors (TSLA); Unloading Mar 30 calls in (UNP). Strategy Block: Mike Tosaw discusses buying the dip Mail Block: Options question of the week VIX is moving like crazy today day. It's already blown past 23 and is threatening 35. So let's dial up our $VIX threshold for extra #ZombieApocalypse fun. You buying or selling these levels? Quite Simply: Where will $VIX close on Friday? Crazy Town: 30-35 Zombie Apocalypse: >35 Crazy: 25-30 Mildly Crazy:
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