Option Block 905: Market Rallies While the U.S. Burns

OPTION BLOCK 905: MARKET RALLIES WHILE THE U.S. BURNS 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 THE STOCK MARKET ISN'T REFLECTING REALITY YET, BUT CITIGROUP WARNS THAT PAIN AND 'COLLATERAL DAMAGE' ARE ON THE WAY AMERICAN CITIES ARE BURNING, THERE'S A LETHAL PANDEMIC, AND WE'RE IN A NEW GREAT DEPRESSION. OF COURSE, THE STOCK MARKET IS UP. WHY DO WE PERSIST IN CALLING IT A "MARKET?" S&P 500 IS REALLY THE S&P 6, STOCKS ARE TRADED BY ROBOTS AND FINANCED BY $5 TRILLION OF PRINTED MONEY AT 0%. - JIM RICKARDS VIX: 28.75 - UP 1 FROM LAST SHOW VVIX: 107 - DOWN 1.25 FROM LAST SHOW VXX: 33.5 - DOWN .1 FROM LAST SHOW ODD BLOCK REVIEW RUTH LITS PUTS REVIEW UNP LITS PUTS STRATEGY BLOCK ANYTHING THAT YOU CAN DO WITH STOCKS, WE CAN DO IT BETTER WITH OPTIONS. IS THIS THE TIME TO SELL YOUR STOCKS AND INSTEAD BUY CALLS TO REDUCE YOUR OVERALL PORTFOLIO RISK? AROUND THE BLOCK WHAT'S ON OUR RADAR FOR THE REST OF THE WEEK?