Listen "Option Block 827: China Strikes Back"
Episode Synopsis
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?
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