The Options Insider Radio Network The Option Block 1453: Getting Drunk on Crude and Coal
The "Thursday Effect" strikes again as geopolitical tensions in the Middle East send markets tumbling and volatility spiking. Host Mark Longo is back in the Chicago studio to break down a "Blood-Red Thursday" alongside "Uncle" Mike Tosaw and Henry "The Flowmaster" Schwartz.
The panel dives into the massive VIX rolls, the curious lack of a "flight to quality" in bonds and gold, and why the S&P 500 is struggling to hold the 6500 level. Plus, we look at why traders are suddenly piling into coal and spirits.
In this episode, we discuss:
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The Trading Block: Market reaction to Middle East escalations, surging oil, and the VIX hitting 25.
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VIX Watch: A massive 250,000-contract roll in May/August 47.50 calls.
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The Odd Block: Unusual activity in Alliance Resource Partners (ARLP) and a speculative flurry in Brown-Forman (BF.B).
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Mail Block: What's keeping traders up at night? Geopolitical risk vs. sky-high valuations.
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Around the Block: What to watch as we head into the weekend, including FedEx earnings and the "Oil VIX" (OVX).