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