Option Block 627: VIX De-Synchronization

Trading Block: What is up with VIX today? NASDAQ sells off, S&P not so much, VIX pops. How low should VIX go? Are you in the Goldman camp or the Barclay's camp? Gaming segment hot today. Big news out of the E3 show. MSFT: $69.71 - .8%. Company too big to move much on gaming news. Sony (SNE): Unchanged. Slight adv pop - about 2.5X EA: $108.90 - off over 1% TTWO: $73.83 - Off 2% ATVI: $56.76, off 2.2% Odd Block: Puts trade in Technology Select Sector SPDR Fund (XLK), calls trade in United Parcel Service, Inc. (UPS) and calls trade in SBA Communications Corp (SBA). Mail Block: VIX Limbo! VIXLIMBO: Last Month 40+% of you said $VIX wouldn't break 9 in 2017. But recent events have us asking again: How low will $VIX get in 2017? Still Won't Break 9 Won't Break 8.5 Won't Break 8.0 Lookout! 7 Handle in '17 Listener questions: What's on your mind? Question from Sal06 - Hello, Just wondering if you could help me I have a $100 call strike for Shopify at a average of 5.88 I bought a week ago. Do you think I have a chance for it to recover? Comment from Lillith - I agree that the options market would benefit from more American options since the assignment process is confusing and risky. Around the Block/This Week in the Market: Jun 13: PPI Jun 14: CPI, FOMC Meeting Jun 15: Jobless Claims, Import and Export Prices Jun 16: Housing Starts, Consumer Sentiment