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Home > The Option Block > Option Block 628: Fed, Trump Tantrums And Closing Your Longs
Podcast: The Option Block
Episode:

Option Block 628: Fed, Trump Tantrums And Closing Your Longs
Category: Business
Duration: 01:01:57
Publish Date: 2017-06-16 10:48:17
Description:

Trading Block: The Federal Reserve announced a quarter-point rate hike Wednesday as expected. The market keeps shrugging off news about Trump. The news deluge, with its quasi facts, is making people numb.

Odd Block: Puts trade in Tesla Motors (TSLA), puts roll in Yamana Gold Inc (AUY) and puts trade in Accelerate Diagnostics, Inc. (AXDX).

Strategy Block: Uncle Mike Tosaw discusses closing out long SPY call spreads

Mail Block: VIX Limbo

Last Month 40+% of you said $VIX wouldn't break 9 in 2017. But recent events have us asking again: How low will $VIX get in 2017?

  • Still Won't Break 9
  • Won't Break 8.5
  • Won't Break 8.0
  • Lookout! 7 Handle in '17

Listener Questions and Comments:

  • Question from Sal06 - Hello, Just wondering if you could help me I have a $100 call strike for Shopify at a average of 5.88 I bought a week ago. Do you think I have a chance for it to recover?
  • Question from NanFran - Tomorrow is a triple witching hour. What does that mean for options?

Around the Block/This Week in the Market:

  • Jun 16: Housing Starts, Consumer Sentiment
Total Play: 0

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