Option Block 643: Fire, Fury and VIX

Trading Block: VIX getting some life again thanks to "fire and fury." Earnings after the bell: NVDA - ATM straddle: $15, approx. 9% SNAP - ATM straddle: $2.25, approx.16.5% Odd Block: Put spreads trade in iShares MCSI South Korea Index (EWY) , put rolls in SPDR Retail ETF (XRT) and puts sell and call in Urban Outfitters (URBN). Strategy Block: Uncle Mike Tosaw discusses what happens when low volatility gets higher in the course of just one day. Mail Block/Flash Poll: BOX Options is opening a new trading floor. Do we need another floor to compete with Philly, NYSE, CBOE and all the rest? Yes, for complex orders No, there are too many exchanges N/A, I only trade electronically I am dusting off my trading jacket Around the Block: What's coming up? Earnings this week: Thursday - Macys, Kohl's, Nordstrom, Blue Apron, Snap Inc., Coca-Cola, Nvidia Friday -JCPenney Big numbers: Aug 11: Consumer Price Index Get in the Middle of the Trading Action at the Professional Traders Summit