Option Block 894: Crude Oil Apocalypse

• HOST:  MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP
• CO-HOST: ANDREW GIOVINAZZI, THE OPTION PIT
• CO-HOST: MIKE TOSAW, ST. CHARLES WEALTH MANAGEMENT

TRADING BLOCK SEGMENT

• CRUDE OIL WTH???
• THE SENATE MAY APPROVE AN EMERGENCY $300 BILLION RELIEF PACKAGE FOR SMALL BUSINESS.
• IN ADDITION, THE ADMINISTRATION AGREED TO DEFER COLLECTION OF MORE TARIFFS FROM U.S. IMPORTERS IN RELATION TO SOME CHINESE GOODS IN AN EFFORT TO EASE THEIR FINANCIAL SITUATION. 
• OVER THE WEEKEND, THE U.S. DEATH TOLL FROM THE VIRUS TOPPED 40,000. 
• VIX: 40 - DOWN 2.3 FROM LAST SHOW
• VVIX: 125 - DOWN 8 FROM LAST SHOW
• VXX: 40.25 - DOWN .75 FROM LAST SHOW

ODD BLOCK

• RUTH LITS PUTS
• HAL POST EARNINGS AGGRESSIVE CALL OVERWRITE
• UNP LITS PUTS

STRATEGY BLOCK

HOW TO USE DIFFERENT OPTIONS ORDER TYPES TO BRING SANITY BACK TO YOUR TRADING. 

MAIL BLOCK

• COMMENT FROM SCOTT SOMER: IF YOU CHOOSE TO USE MARKET ORDERS, FULLY EXPECT TO GIVE AWAY AT MINIMUM TWO-THIRDS THE DISTANCE FROM THE "MID" TO THE "NATURAL" IN THAT OPTION TRADE.  

• QUESTION FROM TONY WEBER: WILL THE FRONT MONTH CL CONTRACT GO NEGATIVE?  TODAY?

AROUND THE BLOCK

WHAT’S ON OUR RADAR FOR THE REST OF THE WEEK