May 10, 2019
TRADING BLOCK
Trade war premium is back
Most active indices - VIX: 564k, SPY: 2.16M, SPX: 825k
Most active equity options - AAPL, INTC, DIS, AMD, ROKU, FB, BABA, BAC, TSLA, AMZN
Uber IPO pricing at the middle of its range.
Earnings Highlights
Friday: JD.com (JD), Marriott International (MAR), Tribune Media (TRCO), Viacom (VIAB) before market open
Uber IPO on Friday, May 10.
ODD BLOCK
Lits puts in Apple Inc (AAPL) - from 3-21
Put love in Barclays PLC (BCS)
Put love in Nordstrom, Inc. (JWN)
MAIL BLOCK
#Options #QOTW - Looks like the #TradeWar premium is back in effect. $VIX is back over 22. Our question this week is will this premium last? Quite simply - where will $VIX close NEXT Friday 5/17?
Here: 21-23
Higher: >23
Lower: 19-21
Still Lower: <19
Question from KO - You guys buying this $VIX pop here?
Question from Tela - Question for Fidelity Hot Seat host - does Fidelity offer zero commissions when closing out short option trades below $.10?
AROUND THE BLOCK
This week in the market:
May 9: Jobless Claims, International Trade, PPI
May 10: CPI, Treasury Budget