Trading Block: A review of the week to date.
- VIX back up over 30
- S&P is back in selloff mode despite decent earnings.
- We are all now living in a post VIX/Monday selloff world.
- Everyone is attacking the "Frankenproducts" like XIV and SVXY.
- VXX was briefly back above its post-split levels.
- Earnings are getting lost in the macro maelstrom - TSLA, CMG, TWTR, SNAP, ETC
- Earnings Highlights:
- NVDA: ATM Straddle - $18, approx. 8%
- ATVI: ATM Straddle - $5.50, approx. 8%
- CBOE stock is getting crushed.
Odd Block: More Jan 2019 50 "catastrophe"puts in Tesla Motors (TSLA); Unloading Mar 30 calls in (UNP).
Strategy Block: Mike Tosaw discusses buying the dip
Mail Block: Options question of the week
VIX is moving like crazy today day. It's already blown past 23 and is threatening 35. So let's dial up our $VIX threshold for extra #ZombieApocalypse fun. You buying or selling these levels? Quite Simply: Where will $VIX close on Friday?
- Crazy Town: 30-35
- Zombie Apocalypse: >35
- Crazy: 25-30
- Mildly Crazy:
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