OB 828: Clam Pirates, Hobbits and Funky VIX Curves
HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP CO-HOST: ANDREW GIOVINAZZI, OPTION PIT CO-HOST: MIKE TOSAW, ST. CHARLES WEALTH MANAGEMENT FIDELITY HOT SEAT: COLIN SONGER, FIDELITY ACTIVE TRADER STRATEGY DESKTHE TRADING BLOCK
WHAT A WILD WEEK - WORST SELLOFF OF THE YEAR FOLLOWED BY ANOTHER SELLOFF THAT ULTIMATELY ENDED UNCHD. NOW WE’RE IN RALLY MODE
VIX 17.60 - DOWN 4 FROM LAST SHOW -
VVIX: 99.88- DOWN 11 FROM LAST SHOW
VXX: 26.50 - DOWN 1 POINT FROM LAST SHOW
MARK/ANDREW REVIEW? MIKE REVIEW? WHAT ARE FIDELITY’S CUSTOMERS TRADING TODAY - ROKU, AMZN, AMD, KHC and more. TOP 10 MOST ACTIVE EQUITY OPTIONS INDEX OPTION VOLUME BREAKDOWN AND MORE…
THE ODD BLOCK
KHC FUNKY ITM CALLS KR LINE IN THE SAND PUT REVIEW LBTYK CALL LOVE REVIEW
MAIL BLOCK
QUESTION FROM Steven Tresser: Mark, I love the podcasts and have learned a ton from you guys. I have two questions about protecting profits with puts: 1. I've heard you mention around 2% as the appropriate amount of premium to pay to protect profits in a stock. Is this 2% of the overall position, or 2% of the profits? 2. How would this apply to profits in a long call. Say I am up $10,000 in a long call position and think it still has some upward run. How do I figure out how many ATM or slightly OTM puts I need to protect some percentage (say 50-100%) of that profit? Thank you and keep up the good work! Great show!
AROUND THE BLOCK
What is on our radar for the rest of the week? - Continued surge of gold and silver, ppi, yield curve, will vix futures work out of backwardation, spx wild ride
