Option Block 894: Crude Oil Apocalypse

Option Block 894: Crude Oil Apocalypse HOST:  MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP CO-HOST: ANDREW GIOVINAZZI, THE OPTION PIT CO-HOST: MIKE TOSAW, ST. CHARLES WEALTH MANAGEMENT TRADING BLOCK SEGMENT CRUDE OIL WTH??? THE SENATE MAY APPROVE AN EMERGENCY $300 BILLION RELIEF PACKAGE FOR SMALL BUSINESS. IN ADDITION, THE ADMINISTRATION AGREED TO DEFER COLLECTION OF MORE TARIFFS FROM U.S. IMPORTERS IN RELATION TO SOME CHINESE GOODS IN AN EFFORT TO EASE THEIR FINANCIAL SITUATION.  OVER THE WEEKEND, THE U.S. DEATH TOLL FROM THE VIRUS TOPPED 40,000.  VIX: 40 - DOWN 2.3 FROM LAST SHOW VVIX: 125 - DOWN 8 FROM LAST SHOW VXX: 40.25 - DOWN .75 FROM LAST SHOW ODD BLOCK RUTH LITS PUTS HAL POST EARNINGS AGGRESSIVE CALL OVERWRITE UNP LITS PUTS STRATEGY BLOCK HOW TO USE DIFFERENT OPTIONS ORDER TYPES TO BRING SANITY BACK TO YOUR TRADING.  MAIL BLOCK COMMENT FROM SCOTT SOMER: IF YOU CHOOSE TO USE MARKET ORDERS, FULLY EXPECT TO GIVE AWAY AT MINIMUM TWO-THIRDS THE DISTANCE FROM THE "MID" TO THE "NATURAL" IN THAT OPTION TRADE.   QUESTION FROM TONY WEBER: WILL THE FRONT MONTH CL CONTRACT GO NEGATIVE?  TODAY? AROUND THE BLOCK WHAT'S ON OUR RADAR FOR THE REST OF THE WEEK