TRADING BLOCK
VIX - 15.80, Still locked near the 16 handle
Most active indices - VIX - 240k, SPY - 804k, SPX - 333K,
Most active equity options: DIS, AAPL, AMD, TSLA, FB, LULU, GE, NFLX, AMZN, BABA
SPY goes ex-div on June 21
Earnings:
Tuesday - Dave & Busters
Wednesday - Lululemon
Thursday - Broadcom
ODD BLOCK
Call love in Tellurian Inc (TELL)
Call love in EQT Corporation (EQT)
MAIL BLOCK
#Options #QuestionoftheWeek - #Bitcoin $BTC is hovering around $8500 right now. If you had to make a 1-month #options trade expiring 6/31 - would you rather...
- Buy $9000 Call
- Buy $8000 Put
- Sell $8000 Put
- Other - reply/dm w/strat
The hilarious story of /u/1R0NYMAN and Robin Hood.
SirSoliloquy - What's hilarious is that, with the way robinhood is set up, /u/1R0NYMAN was somehow able to cash out $10,000 of robinhood's money before everything disappeared. So robinhood lost hundreds of thousands, but /u/1RONYMAN gained thousands
TheRealOneTwo - Basically Robin hood screwed up. They were giving people leverage without margin. Basically saying you are good for $200k in trades though you only had $1k in the account. No agreement for a loan (margin). Trader was shortboxing and lost. The actual risk to him was nothing since he did not agree to a loan (will be determined by the SEC). Robin hood is on the hook for his losses. RH has since blocked shortboxing.
AROUND THE BLOCK
This Week in the Market:
Jun 13 - Jobless Claims, Import and Export Prices
Jun 14 - Retail Sales, Consumer Sentiment