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Podcast: The Option Block
Episode: Option Block 491: Buy Andrew a Generator
Description: Trading Block: Last week was the worst start to a trading year in history. An early rally lost steam later in the session. Intra day S&P high - 1935. Does the lack of IPOs signal a looming recession? Fear makes oil options increasingly expensive.
Odd Block: 1-by-2 call spread in The CBOE Volatility Index (VIX), buy to close short in Teva Pharmaceutical (TEVA), and bullish risk reversal in Powershares QQQ Trust (QQQ).
Strategy Block: Tosaw discusses the importance of "drawing a line in the sand" and having a plan.
Mail Block: Listener questions...