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Home > The Option Block > Option Block 532: Dead Pro Wrestlers. And Brexit
Podcast: The Option Block
Episode:

Option Block 532: Dead Pro Wrestlers. And Brexit
Category: Business
Duration: 01:01:13
Publish Date: 2016-06-17 10:45:12
Description:

Trading Block: Fed keeps rates unchanged, lowering odds for future hikes. Weak Nonfarms number derailed any Fed plans to raise in June. Earnings today: (before the bell) Oracle Corporation; (after the bell) the Kroger Co, Rite Aid Corporation.

CME Fedwatch tool:

  • July probability: 7%
  • Sep: 29%
  • Nov: 31%
  • Dec: 47%

Options Question of the Week: $VIX surging ahead of FOMC, but for how long? Where will $VIX cash close Friday 6/17?

  • 19% - 18-20 range
  • 47% - 15-17.99 range (Winner)
  • 25% - Above 20
  • 09% - Below 15

Odd Block: Calls trade in Activision Blizzard Inc. (ATVI), calls trade in iShares Barclays 20+ year Treasury ETF (TLT) and calls roll in Wells Fargo & Co. (WFC).

Mail Block: Listener questions and comments

  • Question from Vegan: For an options newbie, how would I construct a trade with most possibilities to win? I understand that the potential profit might be small. What time frame is good as well?
  • Question from Jim Duggan: FOMC and Brexit are approaching. What are some good ways to use options to play Brexit or FOMC?
  • Question from John Doe: Do you have any specific strategies near or on expiration to profit from theta decay.

Around the Block: Brexit coming up on 6/23. Fade it? Buy into it? Much ado about nothing?
Total Play: 0

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