Option Block 628: Fed, Trump Tantrums And Closing Your Longs

Trading Block: The Federal Reserve announced a quarter-point rate hike Wednesday as expected. The market keeps shrugging off news about Trump. The news deluge, with its quasi facts, is making people numb. Odd Block: Puts trade in Tesla Motors (TSLA), puts roll in Yamana Gold Inc (AUY) and puts trade in Accelerate Diagnostics, Inc. (AXDX). Strategy Block: Uncle Mike Tosaw discusses closing out long SPY call spreads Mail Block: VIX Limbo 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 and Comments: 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? Question from NanFran - Tomorrow is a triple witching hour. What does that mean for options? Around the Block/This Week in the Market: Jun 16: Housing Starts, Consumer Sentiment