Trading Block: VIX at 12.40! In the double digits for the first time in a long while. Earnings season ahead. IBM - $168.70, ATM straddle - $7.20, approx. 4%. A rough start to the year for Bitcoin. Tuesday selloff hits crypto hard.
Odd Block: Yet more Jan 2019 50 "catastrophe" puts in Tesla Motors (TSLA). Massive call party in Guggenheim CurrencyShares Euro Trust (FXE). Size bullish strangle in Kinder Morgan Inc. (KMI). Size put roll in MBIA Inc. (MBI).
Strategy Block: Uncle Mike Tosaw discusses exercising caution in this current market.
Mail Block: Options question of the week.
Which name are you looking forward to trading options on during the upcoming earnings season? Your fav not here? Choose "Other" and send it in. Best will be shared on #OptionBlock
- Apple ($AAPL)
- Tesla ($TSLA)
- Amazon ($AMZN)
- Other
Another options question of the week: Bitcoin futures are currently trading around $11,500. If options existed, how would you trade them? Assuming one-month to expiration would you...?
- Buy 5% OTM Call
- Buy 5% OTM Put
- Sell 5% OTM Covered Call
- Just Short the Future
Listener Questions and Comments:
- Question from PJamesLamar - Can you guys recommend an options platform for active option trader? I'll try to add a link to what I used to be able to do on my old platform but am no longer able to do. But I would like to find another platform that has single click entry and exit for options. If you know one please let me know. Thanks.
Around the Block: IBM off a little over 4%. Earnings. Shutdowns.