Option Block 689: It's The End of the World

Trading Block: Dow loses over 1,000 points on the day. SPX opened at 2,683 on Jan 2. VIX cash now threatening 35! XBT below $7000; good thing for "uncorrelated assets." Earnings Highlights this Week: Tuesday - GM, Snap Inc., Walt Disney Company Wednesday - Tesla, ICE Thursday - Twitter, Nvidia, Activision/Blizzard Friday - CBOE Odd Block: From last Monday: Near-term call paper in (CL) Mail Block: Question of the week Holy Crap! $VIX is threatening 23! Is this the beginning of the #ZombieApocalypse or a great time to sell some #Volatility? In a nutshell - how do you think $VIX will finish the week? Elevated: 21-25 Crazy Town: 25+ Frothy: 17-21 Bubbly: Updated Question of the Week #2 $VIX is moving like crazy today day. It's already blown past 23 and is threatening 35. So let's dial up our $VIX threshold for extra #ZombieApocalypse fun. You buying or selling these levels? Quite Simply: Where will $VIX close on Friday? Crazy Town: 30-35 ZombieApocalypse: >35 Crazy: 25-30 Mildly Crazy: Listener Questions and Comments: Question from Matt Williamson - What's up with FB $5 calls (yes, FIVE DOLLAR calls) in Jan 2019? OI climbing past 12k… Around the Block/Economic Reports this Week: Feb 5: ISM Non-Mfg Index Feb 6: International Trade, JOLTS Feb 8: Jobless Claims