Feb 27, 2018
Trading Block: Earnings Highlights
- Monday - Fitbit
- Tuesday - Macy's, Lumber Liquidators, Priceline.com, Weight Watchers, Papa John's
- Wednesday - Valeant, Lowe's, Mylan, Crocs
- Thursday - Best Buy, Kohl's, AMC Entertainment, Barnes & Noble, Nordstrom
- Friday - JCPenney, Foot Locker
In other news:
- Warren Buffett: 'We've bought more Apple than anything else' in the last year
- Nearly half of 2017's Cryptocurrency 'ICO' Projects Have Already Died
Odd Block: More Jan 2019 50 "Catastrophe" puts in Tesla Motors Inc. (TSLA), size "line in the sand" in Dicks Sporting Goods Inc. (DKS), bullish risk reversals in American International Group Inc. (AIG), and size calls in Regions Financial Corp. (RF)
Mail Block: Options question of the week
There's much debate about SVXY these days. Will it survive 2018? Is it poised for serious upside? We'll table those questions for now and instead ask all of you out there slinging SVXY. What is your weapon of choice? Reply/DM with other suggestions.
- Naked Long SVXY
- Long SVXY Calls/Spreads
- Long SVXY Puts/Spreads
- Long SVXY w/ Put Hedge
- Comment from Vixland - Tight Covered Calls !!!!!!!!!!!!
Listener questions and comments:
- Question from Mark Brandt - Has OIR discussed Peter Thiel buying $240M of SVXY puts days before the vol spike? He is smart but that smells fishy.
- Comment from Matt Williamson - @OptionVol $431 outlay ($430 for the covered spread, $1 for the put) to make $69.69/431 = 16% less assignment fees (likely just a few in large blocks) and commissions.
- Comment from CheeButter - We've been waiting for this day - RE: VIX EXPLOSION LAST WEEK
- Question from Allanc - What are the odds of a reverse split for SVXY?
Around the Block/Economic Reports:
- Feb 26: New Home Sales
- Feb 27: Durable Goods, International Trade, Consumer Confidence
- Feb 28: GDP
- Mar 1: Jobless Claims, Personal Income
- Mar 2: Consumer Sentiment