The Option Block 1499: PLAY-ing Around with Cheap Calls
Summary
Hosts Mark Longo, Uncle Mike Tussauds, and Andrew Venazzi analyze the market’s surprising resilience despite the 10-year Treasury yield briefly hitting 5% and headlines about AI slowdowns. They discuss the upcoming Fed meeting, noting high expectations for a rate hike, while reviewing unusual options activity in VIX, SPY, and single-name stocks like Apple and Nvidia. The episode also features a breakdown of odd trades in Bank of Brazil and Dave & Buster’s, alongside a lighthearted 80s trivia segment.
Topics discussed
Show intro and network promotion
Host introduction and Pro Q&A promotion
80s Trivia: First union president in the Oval Office
Market overview: 10-year yield hits 5% and VIX
SPX intraday action and lowbrow trivia banter
Fed meeting expectations and rate hike probability
Discussion on interest rates, stimulus, and government debt
AI regulation and market reaction to slowdown talks
Fed Watch data and political deficit debate
VIX unusual activity and top 5 contracts
IWM and single-name options volume check
Top 10 unusual activity: GOOGL, INTC, NVDA, AAPL, TSLA
Earnings season wrap-up and transition to Odd Block
Odd Block: Banco Bradesco (BBDC) call activity
Odd Block: Dave & Buster's (PLAY) earnings play
Strategy Book: Selling covered calls on bond ETFs
Around the Horn: Market watch and listener poll
Outro and network credits
Listen ad-free on Castria