Option Block 888: Why The Heck Are We Rallying?

Option Block 888: Why The Heck Are We Rallying?

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

TRADING BLOCK SEGMENT

WE’RE RALLYING YET AGAIN...FOR SOME REASON.  TERRIBLE JOBS NUMBERS...GROWING DEATH TOLLS….INCREASING THE CLOSURE AND DISTANCING UNTIL 4/30, TALKS OF SHUTTING DOWN THE MARKETS - AND WE’RE RALLYING!! GS TRADING NEAR $4. PROBABLY $4 TOO HIGH VIX: 60 - UP 2 FROM LAST SHOW VVIX: 160 - DOWN 7 FROM LAST SHOW VXX: 50 - UP 3 FROM LAST SHOW

ODD BLOCK

PM CALL CRUSHING LYG LINE IN THE SAND PUTS

STRATEGY BLOCK

HOW TO EXPERTLY TAKE TAX LOSSES IN THIS MARKET

MAIL BLOCK

QUESTION FROM STOCKPICKER320: I HAVE A QUESTION. WITH THIS CRAZY CORONAVIRUS IMPACTED STOCK MARKET WHAT WOULD HAPPEN IF A PERSON OWNED A CALL OR PUT OPTION AND THE STOCK MARKET CLOSED FOR AN EXTENDED PERIOD OF TIME AND THE OPTIONS EXPIRATION DATE WAS DURING THIS TIME PERIOD? WOULD THE CALL OR PUT OPTION BECOME WORTHLESS IF THE STOCK MARKET OPENED AFTER THE OPTION EXPIRATION DATE HAD PASSED? AFTER 911 I THINK THAT THE STOCK MARKET WAS CLOSED FOR 6 DAYS.

AROUND THE BLOCK

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