Begin. Welcome everybody. Good to have you with us on options action. Escalating coronavirus fears ripping through markets this webb 96 of the s p 500 now in correction territory or worse meaning down more than 10 from the highs. All three major indexes handing in the worst week since the financial crisis in 2008 the dow shedding around 3,600 points more than 10 . And all sectors down from the highs. But energy and financials, the largest victims, both sectors down more than 13 in the past week if you are wondering how to protect your portfolio and who isnt amid the market madness our team of traders are here to break it down. Cornerants macro carter worth and mike khouw opt myself advisers we know this was a historic week for stocks and bonds but mike in any wayway was it historic for the options market. I think anything thats going to be a historic move for equities is going to be a historic move for options on the same equities. And this certainly was one of the cases. The vix was a
Trade pl galactic, can it keep soaring. Tim and dan go man ho y manno and fed pecks. You decide who wins. All that next 60 minutes we start with another record day on wall street as the snazzy animation says the s p 500 and nasdaq closing at alltime highs. The dow up gold up. Oil up real estate up guy. Yes, sir. Whats up bonds under u. N. Changed a repeat what weve been talking about. We led with apple last night whats the deal. We talked about the price action should have been worse karen and tim spoke about this we talked about the suppliers. Kor various. Skyworks werent down as much as they should have been. The look at the stocks today apple up big the flows come in. Bad news discounted you could say the fed has our back i dont know but ill tell you gold rallies Newmont Mining rallies thats a concern if you want to continue on the bull thesis in the s p 500. Look at the u. S. Dollar 3. 5 year to date look at the fact you get this move higher in gold. You get some of the call them d
Welcome, everybody good to have you here with us on options action. Obviously escalating coronavirus fears ripping through the markets all this week. 96 of the s p 500 now in correction territory or worse, meaning down below 10 from the highs. All three major indexes handing in their worst week. The financial crisis since 2008. The dow shedding 3600 points more than 10 down energy and financials, the largest victims of the selloff both down more than 13 in the last week. If you are wondering how to protect your portfolio, who isnt, amid this madness, our team of options workers are here carter werth, tony zhang and mike khouw we know this was an historic week for stocks and bonds. Mike, in any way was it historic for the Options Market yeah. I think anything thats going to be an historic move for equities is going to be an historic move for options on those same equities this is certainly one of those same cases we had the vix get almost up to 50 at some point today so that obviously i
Wasnt that good tony zheng has updated well intel on intel plus, what is it the kids say again. Maybe we could netflix and grill. Not quite but mike khouw grills you on a way to chill around netflix earnings. Its time to risk less and make more options actio options action starts now. All right welcome back. Lets get do it we begin with the transports like the markets hitting highs Kansas City Southern Norfolk Southern fedex leading the group. But one name says carter likely to pop more. He is at the plasma who is the name carter worth. Interesting of course the dow jones Transportation Industry has not made a new alltime hey but making 52week highs to be determined but railroads its a big part of the transport index. In addition to names like fedex and ups. But here is the Railroad Index names you know like Union Pacific. Norfolk southern, ksu. Lets draw lines. Is it this it has all the elements of that. But lets do it a few other ways. So we plunge 17 , recover 23 . And overs past ei
Begin. Welcome, everybody, good to have you here with us on options action. Obviously escalating coronavirus fears ripping through the markets all this week. 96 of the s p 500 now in correction territory or worse meaning down more than 10 from its highs. All three major indexes handing in their worst week since the financial crisis in 2008 the dow shedded around 3,600 points, more than 10 . All sectors of the s p 500 down more than 10 from their 52week highs. But it was energy and financials the largest victims of the selloff. Both sectors down more than 13 in the past week so if you are wondering how to protect your portfolio and who isnt, amid this market madness, our team of options traders are here to break it down for you. With us for the next half hour, tony worth, tony zhang and mike khouw. Mike, in any way was it historic for the Options Market yeah, anything thats going to be a historic move for equities is going to be a historic move for options on those same equities, and th