Listen "Option Block 818: The Volatility Smackdown on VIX, BYND, WWE and More"
Episode Synopsis
TRADING BLOCK We got a little bit of insight into the trade war - no new tariffs. North Korea stole all the trade war thunder over the last weekend. S&P had best June performance since 1955. MU up around 6% Financial (XLF) and China (FXI) ETF's up on trade news and bank stock buyback announcements. NVDA, MU, AMD, (Chip makers and trade talks) AMZN,& AAPL - no surprises, often on the list of most traded. Most active indices - VIX: 366k, SPY: 1.7M, SPX, 720k Most active equity options - AAPL, BABA, MU, TSLA, AMD, BAC, FB, NVDA, T, MSFT ODD BLOCK Covered calls in Element Solutions Inc (ESI) Put love in Domtar Corp (UFS) Call love in (BP) MAIL BLOCK Question from Fidelity Customer - I bought some puts for a hedge and now they've lost 90% of their value, should I just close them out? Question from Jigs - What is the coolest tool that Fidelity offers for options traders? Question from WAWL - I like when you guys talk old-school WWE on the show. I know the stock was one of the best performers of last year but is now about 30% off its high. How are the options shaping up these days? Also when are the mini metals making a comeback? AROUND THE BLOCK This Week in the Market: Jul 1 - Construction Spending Jul 3 - International Trade, Jobless Claims, Factory Orders Jul 5 - Unemployment, Fed Balance Sheet
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