Option Block 643: Fire, Fury and VIX

The Option Block · Aug 11, 2017 · 1h

Trading Block: VIX getting some life again thanks to "fire and fury."

Earnings after the bell:

NVDA - ATM straddle: $15, approx. 9%

SNAP - ATM straddle: $2.25, approx.16.5%

Odd Block: Put spreads trade in iShares MCSI South Korea Index (EWY) , put rolls in SPDR Retail ETF (XRT) and puts sell and call in Urban Outfitters (URBN).

Strategy Block: Uncle Mike Tosaw discusses what happens when low volatility gets higher in the course of just one day.

Mail Block/Flash Poll:

BOX Options is opening a new trading floor. Do we need another floor to compete with Philly, NYSE, CBOE and all the rest?

Yes…