The Option Block 1513: Is This the End of Everything?

Is the AI trade unraveling, or is this another opportunity to buy the dip? Broadcasting from Cboe Global Markets headquarters in Chicago, Mark Longo joins Henry Schwartz and Mike Tosaw to break down a brutal stock market sell-off, surging VIX and options volume tracking toward a potential daily record.

On this episode of The Option Block, the panel discusses:

• Tech stocks under pressure: Nvidia, Tesla and Micron lead the single-stock options activity as AI favorites tumble.

• Buy the dip or brace for more? Mike explains his approach to the sell-off, key S&P 500 levels and the importance of setting exit rules before entering a trade.

• Options volume trends: Why ETF and index options are gaining ground while single-stock options volume struggles.

• Managing downside risk: Covered calls, collars, taking profits on short puts and monetizing protective hedges.

• Unusual options activity: Long-dated Western Union calls and a complicated DoorDash call position.

• What comes next: Jobs data, earnings and the signals that could distinguish a temporary shakeout from a deeper downturn.