Option Block 597: The Impossible VIX Debate

The Option Block · Feb 24, 2017 · 1h 2m

Trading Block: Earnings!

Earlier this week: Tuesday - Home Depot, Macy's, Wal-Mart; Wednesday - Tesla, Fitbit

TSLA: Close - $273.51, ATM straddle - $17.16, approx. 6%, Open - $264.08, down 3.4%

FITBIT: Close - $5.88, ATM straddle - $.76, approx. 13%, Open - $5.92, effectively unchanged

Earnings today: Before the bell - Kohls; After the bell - Nordstrom, BIDU, Herbalife

NYSE plans a trial run for Snap IPO.

Odd Block: Calls trade in Carmax Inc (KMX), calls trade in Scientific Games Corp (SGMS) and calls trade in Fireeye Inc (FEYE)

Strategy Block: Uncle Mike Tosaw discusses specifics in a…