Trading Block: Trade wars are back on the table. Credit Suisse announces 1-to-10 reverse split for TVIX and TVIZ effective June 8th.
Odd Block: Put palooza in Deutsche Bank AG (DB). Opening size call sale in Exeton Corporation (EXC). Calls and puts trade in PagSeguro Digital Ltd (PAGS)
Mail Block: Options question of the week
Holiday Weekends are notoriously tough for VIX traders. The markets love to crush Volatility going into these events. So we thought we'd poll the savvy VIX traders in our audience - where do you think VIX will OPEN on Tues 5/29?
- 39% - Here: 12-14
- 30% - Higher: 14-16
- 18% - Lower: 10.5-12
- 13% - Much Higher: >16
Options Flash Poll: Let's stick with our Volatility theme to round out the week. Which product do you think has the highest 30-day implied Volatility? No cheating (or checking with your broker)! What does your gut tell you? VIX? Bitcoin? TSLA? RUSSELL2000/RUT? IWM?
- Tesla, TSLA
- VIX
- Bitcoin
- Russell 2000: Emini, RUT
Listener questions and comments:
- Comment from Charlie Tunsen - I would like to add my vote for after hours options trading. It's ridiculous that the underlyings keep trading while the derivatives of those products are locked in an artificial deep freeze. I don't care if it's entirely illiquid or just a resting order book. Some liquidity is better than none when everything is melting down.
- Question from Mads Melken - Why don't you guys talk about Asian options?
Around the Block: What is on our radar?