Option Block 701: Revenge of the Trade War

Trading Block: The market is tanking on trade war concerns: Trump is at it again. Volatility returns - VIX back in the 20s. The tech selloff continues - FB closed $185 on 3/16 - traded as low as $163.72 today, down nearly 12%. Fed hikes rates as expected. US weekly jobless claims total 226,000, in line with expectations Earnings: NKE: $65.30, ATM straddle - $3.60, approx. 5.5% Odd Block: Calls trade in Deere & Company (DE), puts trade in CNH Industrial NV (CNHI) and split ticket calls in TC Pipelines LP (TRP). Strategy Block: Uncle Mike Tosaw discusses selling naked puts Mail Block: Listener questions and comments Question from Ed Bankert - Debating on using covered calls or short puts. Which is better for a less experienced options trader who wants to make money? Question from Scott Somer‏ - WMT now below 100 premarket @Options @OptionPit @OptionVol How is that proposed @CBOE premarket earnings related equity options pilot going? Around the Block/Economic Reports Mar 23: Durable Goods, New Home Sales