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Option Block 690: Debating XIV and SVXY

The Option Block
The Option Block
Episode • Feb 9, 2018 • 1h 1m

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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