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?
