Option Block 893:  Reverse Splits and Painful Legos

Option Block 893: Reverse Splits and Painful Legos

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

LABOR DEPARTMENT REPORTED MORE THAN 5 MILLION NEW UNEMPLOYMENT CLAIMS AND A STIMULUS PLAN TO HELP SMALL BUSINESS RAN OUT OF CASH THURSDAY. U.S. DEATHS SPIKED TO A DAILY HIGH OF ALMOST 2,500.  VIX: 42.3 - DOWN .7 FROM LAST SHOW VVIX: 133 - DOWN 6 FROM LAST SHOW VXX: 41 - DOWN .3 FROM LAST SHOW

ODD BLOCK

CHK LONG TERM OTM PUTS DVAX CALL OVERWRITE REVIEW HGV

MAIL BLOCK

QUESTION FROM THEGRATE: DOES ANYONE OFFER A PRE-EARNINGS STRADDLE BASKET THAT YOU CAN BUY TO TRADE A LARGE NUMBER OF EVENTS AT ONCE? TELL TS I SIGNED UP THIS WEEK.  QUESTION FROM MACK: DO LONG STRADDLES STILL WORK HERE?

AROUND THE BLOCK

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