Option Block 883: 1987 Redux

Option Block 883: 1987 Redux

HOST:  MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP CO-HOST: ANDREW GIOVINAZZI, THE OPTION PIT CO-HOST: MIKE TOSAW, ST. CHARLES WEALTH MANAGEMENT

TRADING BLOCK SEGMENT

THE BULL IS OFFICIALLY DEAD - IT WAS A GOOD RUN. OVER 11 YEARS.  DOW, S&P AND NASDAQ ALL NOW OFFICIALLY IN BEAR MARKET TERRITORY.  TRIGGERED CIRCUIT BREAKERS TWICE IN ONE WEEK GOLDMAN STUDIED BEAR MARKETS BACK TO 1835 VIX: 65 - UP 12 FROM LAST SHOW VVIX: 154 - UP 11 FROM LAST SHOW VXX: 46 -  UP NEARLY 11 FROM LAST SHOW TALKING $MSFT, $TSLA, $AAPL, $BA, $BAC, $AMD 

ODD BLOCK

AGGRESSIVE LINE IN THE SAND IN CIM

MAIL BLOCK

QUESTION FROM ANGEL: DOES UNCLE MIKE STILL HAVE SHORT PUTS ON RIGHT NOW OR IS HE CANCELING ALL BULLISH EQUITY TRADES UNTIL ALL OF THIS CALMS DOWN? ALSO - FOR HIS BROAD EQUITY PORTFOLIOS DOES HE ALWAYS HAVE A HEDGE COMPONENT OR DOES HE ONLY PUT THEM ON SELECTIVELY DEPENDING ON MARKET CONDITIONS?

AROUND THE BLOCK

WHAT’S ON OUR RADAR FOR THE REST OF THE WEEK?