The Options Insider Radio Network

The Options Insider Radio Network


The Options Insider Radio Network is the premier audio destination for options traders. Our network feed provides access to a vast array of popular programs including The Option Block, Options Boot Camp, The Advisors Option, This Week in Futures Options, Volatility Views, Options Insider Radio and much more. Join the thousands around the globe who turn to The Options Insider Radio Network for options information, analysis and education. 

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Show Archive

Option Block 730: VIX vs the Negative Zone

Trading Block: Earnings! Tuesday ? PepsiCo Thursday - Delta Airlines Friday - JPMorganChase, Citi, Wells Fargo, PNC Bank Plus, crude is taking it on the chin this week. Odd Block: Call love in D.R. Horton Inc. (DHI), call vertical in PagSeguro...
Posted July 13th, 2018

Trading Block: Earnings!

  • Tuesday ? PepsiCo
  • Thursday - Delta Airlines
  • Friday - JPMorganChase, Citi, Wells Fargo, PNC Bank

Plus, crude is taking it on the chin this week.

Odd Block: Call love in D.R. Horton Inc. (DHI), call vertical in PagSeguro Digital Ltd (PAGS), put/call palooza in Materials Select Sector SPDR (XLB).

Strategy Block: Uncle Mike Tosaw discusses premium buying vs selling.

Mail Block: Options question of the week

Options during earnings season can be challenging. Some live for it while others avoid it. Do you hold options positions through earnings announcements? If so, what is your approach? Or do you prefer to trade just before/after the event? Or is it all too risky?

  • Yes, Short Premium
  • Yes, Long Premium
  • No, Too Risky
  • I trade around the event

Around the Block/This Week in the Markets:

  • Jul 13 - Import and Export Prices, Consumer Sentiment

Options News Rundown: Friday, July 13, 2018

Options news you can use for Friday, July 13, 2018
Posted July 13th, 2018

Options news you can use for Friday, July 13, 2018


Options Playbook Radio 216: NFLX Earnings Skip-Strike Butterfly

We are back into earnings season. Let's take a look at a skip-strike butterfly in NFLX. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Specifically: A review of the Boeing...
Posted July 12th, 2018

We are back into earnings season. Let's take a look at a skip-strike butterfly in NFLX. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition.

Specifically:

  • A review of the Boeing calendar spread from last time
  • What happened since the paper trade was put on?
  • Looking ahead to NFLX earnings
  • Where is NFLX now?
  • What is the expected move?
  • What happens if we are wrong?
  • What is the maximum return? Reward?

Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected].


Options News Rundown: Thursday, July 12, 2018

Options news you can use for Thursday, July 12, 2018
Posted July 12th, 2018

Options news you can use for Thursday, July 12, 2018


Options News Rundown: Wednesday, July 11, 2018

Options news you can use for Wednesday, July 11, 2018
Posted July 11th, 2018

Options news you can use for Wednesday, July 11, 2018


Option Block 729: Market Loves a Trade War

Trading Block: The trade war scares no one?? Earnings: Tuesday - PepsiCo Thursday - Delta Airlines Friday - JPMorganChase, Citi, Wells Fargo, PNC Bank SPX is celebrating its 35-year anniversary. Odd Block: Rolling put spread in iShares Russell...
Posted July 10th, 2018

Trading Block: The trade war scares no one??

Earnings:

  • Tuesday - PepsiCo
  • Thursday - Delta Airlines
  • Friday - JPMorganChase, Citi, Wells Fargo, PNC Bank
  • SPX is celebrating its 35-year anniversary.

Odd Block: Rolling put spread in iShares Russell 2000 Growth Index (IWO), vertical roll in Endo International PLC (ENDP) and small verticals in Amgen, Inc. (AMGN)

Mail Block: Listeners have their say

Options question of the week: Traders generally fade vlatility going into holidays (today notwithstanding). What's your favorite vehicle when you want to wager on the dark side of volatility? Short-term or Long-term - that's up to you.

  • 27% - Short VIX Futures
  • 17% - Long $VIX Puts/Spread
  • 33% - Long $VXX Puts/Spread
  • 23% - Short $VIX Calls/Spreads

Another options question of the week: Trading options during earnings season can be challenging. Some live for it while others avoid it. Do you hold options positions through earnings announcements? If so, what is your approach? Or do you prefer to trade just before/after the event? Or is it all too risky?

  • Yes, Short Premium
  • Yes, Long Premium
  • No, Too Risky
  • I trade around the event

Listener questions and comments:

  • Question from Splitsville - Why is long put/covered call a "collar" while short put/long call is a "risk reversal." Never understood that one.
  • Question from Alto - Which do you think has a better chance of happening - no more earnings calls or after hours options trading? And which do you think would be more impactful for options traders? Do you have a preference?

Around the Block/This Week in the Markets:

  • Jul 10 - JOLTS
  • Jul 11 - PPI
  • Jul 12 - Jobless Claims
  • Consumer Price Index, Treasury Budget
  • Jul 13 - Import and Export Prices, Consumer Sentiment

This Week in Futures Options 109: Trade War Hitting Equities, Ags and More

Topics this week include: Metals Crude Equities/Russell Ags/Soybeans Crypto/Bitcoin Futures Options Feedback: Listners chime in Comment from Trade_The_Swing -Today is sunny as trade tariffs begin, yesterday was cloudy as trade tariffs were about to...
Posted July 9th, 2018

Topics this week include:

  • Metals
  • Crude
  • Equities/Russell
  • Ags/Soybeans
  • Crypto/Bitcoin

Futures Options Feedback: Listners chime in

  • Comment from Trade_The_Swing -Today is sunny as trade tariffs begin, yesterday was cloudy as trade tariffs were about to start, tomorrow will be hot weather cause tariff war de-escalate, all this tariffs noise is beyond silly.
  • Comment from Son of Algos - #BuckleUp #TradeWar No #MAGA Just massive debt, shrinking system liquidity & Trump plunging the West into the Dark ages.
  • Comment from Leveq - I agree with your other listener that it's the brokers putting the brakes on weeklies. I don't even see them listed on my platform. Wth?
  • Question from Desmond - What is the one thing you think people really should know, but don't about the differences between futures options and equity options?

Volatility Views 312: VIX Laughs At Trade Wars

Volatility Review: What trade war? The market rallies despite the fact that the trade war has begun. Market review: VIX Cash - 13.75, 1.25-points lower than last week. VVIX - 103, almost unchanged from last week. VIX Options - ADV: 496K, VIX...
Posted July 9th, 2018

Volatility Review: What trade war? The market rallies despite the fact that the trade war has begun.

Market review:

  • VIX Cash - 13.75, 1.25-points lower than last week.
  • VVIX - 103, almost unchanged from last week.
  • VIX Options - ADV: 496K, VIX call/put: 2.7/1, Total 7.04m (5.16m Calls, 1.88m Puts)
  • A lot of VIX risk reversals hitting the tape today.
  • VXX - 34.6,0.5-points lower than last week.

Volatility Voicemail: Flash poll

Which product or complex will experience the greatest #Volatility going forward as a result of this trade war? Gold? Crude Oil? Equities? Soybeans?

  • Soybeans
  • Gold
  • Crude Oil
  • Equities

Options question of the week: Traders generally fade volatility going into holidays (today notwithstanding). What's your favorite vehicle when you want to wager on the dark side of volatility? Short-term or Long-term - that's up to you.

  • Short VIX Futures
  • Long VIX Puts/Spread
  • Long VXX Puts/Spread
  • Short VIX Calls/Spreads

Listener questions and comments

  • Question from LVist - Are you guys as surprised as me by VXX's stubbornness? It refuses to break the 30 handle.
  • Question from Casey - Is it me or is the vol space much more boring after VIX/SVXY? Those were my two favs. Seems like there's not much to take their place. What's the new short vol play?

Crystal Ball: Your prognostication headquarters

Last week:

  • Mark L. -12.55
  • Mark S. -12.95

This week:

  • Mark L. - 12.50
  • Mark S. - 12.90
  • Guest - 13.63

OICs Wide World of Options 49: Panel - Options Pros Talk Put-Call Parity and More

WWoO 49: Panel - Options Pros Talk Put-Call Parity and More This rebroadcast of OIC?s webinar panel on Put-Call Parity covers whether understanding these price relationships helps the decision-making process.
Posted July 9th, 2018

WWoO 49: Panel - Options Pros Talk Put-Call Parity and More

This rebroadcast of OIC?s webinar panel on Put-Call Parity covers whether understanding these price relationships helps the decision-making process.


Options News Rundown: Friday, July 6, 2018

Options news you can use for Friday, July 6, 2018
Posted July 6th, 2018

Options news you can use for Friday, July 6, 2018


Best of Option Block 633: Nukes, Volatility and Crazy Tesla Puts

Originally posted on July 7th, 2017 Trading Block: VIX ends near the top of the range. It was up to 13.05 at its highest. Tesla down 7.2% yesterday, due to concerns of slowing Model S and Model X sales. The numbers are out: OCC announced today that...
Posted July 5th, 2018

Originally posted on July 7th, 2017

Trading Block: VIX ends near the top of the range. It was up to 13.05 at its highest. Tesla down 7.2% yesterday, due to concerns of slowing Model S and Model X sales. The numbers are out: OCC announced today that cleared contract volume in June reached 387,597,223 contracts, a 2% increase from the June 2016.

Odd Block: TSLA Jan 2019 50 puts and Jan 2018 20 puts continue to trade. Back and forth trading in Tesla Motors (TSLA). Puts trade in LG Display Company LTD. (LPL)

Strategy Block: Uncle Mike Tosaw discusses the recent silver environment.

Mail Block: Options question of the week

Blue Apron $APRN is down over 10% from its #IPO price. Assuming #Options were listed, what trade would you make?

  • Buy Dec 10 Call for $1
  • Buy Dec 9 Put for $1
  • Sell Dec 10 Call for $1
  • Not Touching $APRN

Listener Questions: What's on your mind?

  • Question from Sal06 - Do you think AAPL $147 call for June 30th is a good idea?
  • Question from Nelly2 - Just so I am clear on the spread assignment thing. If I am in SPX, then I just get cash if the index closes inside my spread. But if I am in a stock, then I get the stock?

Around the Block: WTH is happening in North Korea? VIX responds in kind. S&P 2400. Non-farm payrolls. Google fine.


Best of Options Playbook Radio 189: Bitcoin, Dividends and Exercising Worthless Calls

Today we are bringing you the best of Options Playbook Radio. Originally posted December 28th, 2017 Mark and Brian are back to answer listener questions. In particular: Question from Taj Penaso - Hi, will there be options for bitcoin once the...
Posted July 5th, 2018

Today we are bringing you the best of Options Playbook Radio.

Originally posted December 28th, 2017

Mark and Brian are back to answer listener questions. In particular:

  • Question from Taj Penaso - Hi, will there be options for bitcoin once the futures are traded?? or just the futures until there are tradeable ETFs available? Thanks.
  • #Options #QOTW - Now it's a party! #Bitcoin futures are live on both @CMEGroup & @CBOE. But everyone's asking us the $1M question - "When will we get #Bitcoin #Options?" So we thought we'd ask you - When will we be able to trade #options on these futures? 52% - Q1 2018, 19% - Q2 2018, 14% - Q3 2018, 5% - Q4 2018
  • Question from L Penguin - I have a question for the option playbook. I'm a new options trader and I want to buy a LEAP call bc it looks like the stock is going to go to up in the next 12 months, but I don't want to commit yet. I also want to generate income while I hold that position. What are your thoughts on selling the call while I have the leap? Also, this stock has an attractive dividend that I'd like to capture. Is this even possible? Interested in your thoughts, thanks!...I was thinking about buying a deep in the money call for the LEAP, and then depending on where the stock is trading at the time, sell closer to the money.
  • Question from VLL98 - What happens to my options if the company declares bankruptcy? Can I still exercise my calls and buy the stock at the strike price?

Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected]


Options News Rundown: Thursday, July 5, 2018

Options news you can use for Thursday, July 5, 2018
Posted July 5th, 2018

Options news you can use for Thursday, July 5, 2018


Option Block 728: Tariff-Ied of Killer Foxes

Trading Block: Canadian revenge tariff are on the docket today. VIX cash sits above 17. OCC Cleared Contract Volume up 6% in June - the highest June for total options volume on record. It's SPX's 35-year anniversary. Odd Block: July 4 calls in...
Posted July 3rd, 2018

Trading Block: Canadian revenge tariff are on the docket today. VIX cash sits above 17. OCC Cleared Contract Volume up 6% in June - the highest June for total options volume on record.
It's SPX's 35-year anniversary.

Odd Block: July 4 calls in Limelight Networks, Inc. (LLNW), Funky multi-leg in BP Prudhoe Bay Royalty Trust (BPT), Rolling puts in (FLO).

Strategy Block: Uncle Mike Tosaw discusses trading short put spreads

Mail Block: Options question of the week

Traders generally fade volatility going into holidays (today notwithstanding). What's your favorite vehicle when you want to wager on the dark side of volatility? Short-term or Long-term - that's up to you.

  • Short VIX Futures
  • Long $VIX Puts/Spread
  • Long $VXX Puts/Spread
  • Short $VIX Calls/Spreads

Around the Block: 'Murica. Mired in tariff talk. Negotiating trade deals is tough!


Options News Rundown: Tuesday, July 3, 2018

Options news you can use for Tuesday, July 3, 2018
Posted July 3rd, 2018

Options news you can use for Tuesday, July 3, 2018


Volatility Views 311: Giving You Your Weekly VIX Fix

Volatility Review: Looking back at the week from a volatility perspective VIX Cash - 15 VVIX - 104 VIX Options - ADV: 496k, VIX call/put: 2.7/1, Total 6.78m (4.96m Calls, 1.81m Puts) VXX - was 40, now 35. Hedge Fund That Made 6,000% on VIX Jump Bets...
Posted July 2nd, 2018

Volatility Review: Looking back at the week from a volatility perspective

  • VIX Cash - 15
  • VVIX - 104
  • VIX Options - ADV: 496k, VIX call/put: 2.7/1, Total 6.78m (4.96m Calls, 1.81m Puts)
  • VXX - was 40, now 35.
  • Hedge Fund That Made 6,000% on VIX Jump Bets on Next Blow-Up - What is UVXY?
  • UVXY: Big ETF Outflows

Options Questions of the Week: We ask, you answer

This Week's Question: Crude Oil has been on a tear this week. We know that many of you are trading options on this hot commodity. Quite simply - which options product are you using to slake your thirst for Crude Oil? WTI? USO? XLE?

  • WTI
  • USO
  • XLE
  • Other

Last Week's Question: Let's have some fun. These "entertainment" stocks are pricing in big moves. Gun to your head: Which July ATM straddle would you rather own in your portfolio? WWE? DIS? WYNN? SEAS?

  • WWE July ATM Strad: 7
  • WYNN July ATM Strad: 12
  • SEAS July ATM Strad: 2
  • DIS July ATM Strad: 5

Listener questions and comments:

  • Question from Btburg:What is the best way to trade these inverse VIX ETFs going forward? If I'm long XIV does it make sense to always have some VIX calls in my back pocket just in case? Doesn't that get expensive really quick? What about spy puts? Or should I just have puts on the inverse ETF in case the counterparties get cold feet?
  • Question from BFolk - I like the suggestion of a short 30 or 60-day call 1x2 in VXX to hedge my longer term puts. How did that strat work out this week? Something like sell near OTM buy 2 farther OTM same month. May help motivate me to put some on this week.
  • Question from Folfox - @Options Do you prefer iron condor vs. iron butterfly? (I know 1 strategy won't work every time, but what scenario is preferred).
  • Question from RevTimTom - What's your favorite way to trade skew?
  • Question from Gglee - Buying collars means buying skew and paying up. So does it stand that the best spy trade is selling skew by selling 25 delta puts and buying 25 delta calls? Maybe add a cheap hedge with 5 or 10 delta put in case worst comes to pass? Right now I can sell the SPY Oct 25D put for .55, buy the Oct 25D call for .55 and then buy put hedge for about .20 net outlay. Thoughts?

Crystal Ball: Your prognostication headquarters

Last week:

  • Mark L. -12.05
  • Mark S. -11.55

This week:

  • Mark L. - 12.55
  • Mark S. - 12.95

This Week in Futures Options 108: Crude Leads A Wild Week

Topics this week include: Crude Equities/Russell Ags Gold Bitcoin Futures Options Feedback: Listeners take over FlashPoll: Crude oil has been on a tear this week. We know that many of you are trading options on this hot commodity. Quite simply -...
Posted July 2nd, 2018

Topics this week include:

  • Crude
  • Equities/Russell
  • Ags
  • Gold
  • Bitcoin

Futures Options Feedback: Listeners take over

FlashPoll: Crude oil has been on a tear this week. We know that many of you are trading options on this hot commodity. Quite simply - which options product are you using to slake your thirst for Crude oil? WTI? USO? XLE?

  • WTI
  • USO
  • XLE
  • Other

Listener questions and comments:

  • Comment from Olivetrader2 -I may have the key to the weeklies mystery or I may be captain obvious. If I want to trade weeklies I need to ask for weeklies options limits to my clearing firm. Regular options limits don't apply. I use @Trading_Tech. I never asked for them because my trading results are usually not good around expiration. And weeklies = more expirations.
  • Question from Leif - Is the use case for Russell 2000 options the same as S&P and Nasdaq - primarily covered calls and protective puts?
  • Question from Tatuf - It looks like crude is setting up to be a decent candidate for call ratio spreads (short 1, long 2). Certainly would have worked out well over past few weeks. Am I just blinded by recentness or does skew data support this long term? OTM calls typically aren't bid too aggressively in WTI.
  • Question from CRHabib - Can CME put out straddle runs on the bitcoin futures contract? That would be fascinating and quite useful.

Options News Rundown: July 2, 2018

Options news you can use for Monday, July 2, 2018
Posted July 2nd, 2018

Options news you can use for Monday, July 2, 2018


Option Block 727: Slinging VIX By Way of Mexico, Maine

Trading Block: A review of the week in trading VIX Cash - started at 18.99, ended at 16.70 Earnings: Nike after the bell - $71.70, ATM straddle - $3.40, approx. 5% Odd Block: Size money call roll in Devon Energy Corp (DVN). Call vertical in CVS...
Posted June 29th, 2018

Trading Block: A review of the week in trading

  • VIX Cash - started at 18.99, ended at 16.70
  • Earnings: Nike after the bell - $71.70, ATM straddle - $3.40, approx. 5%

Odd Block: Size money call roll in Devon Energy Corp (DVN). Call vertical in CVS Health Corp (CVS). Size puts in PowerShares DB US dollar Index (UUP)

Strategy Block: Uncle Mike discusses selling a call spread versus selling a call.

Mail Block:

  • Question form Jack Daniels trades: Pump me up $WWE don't fade! Huge TV deal billionsss. Let's go.
  • Question from BuddyBoy79: Can you please explain what relative strength and weakness mean as they pertain to options trading?

Around the Block/This Week in the Market

  • Jun 28: Jobless Claims, GDP
  • Jun 29: Personal Income, Consumer Sentiment

Options News Rundown: Friday, June 29, 2018

Options news you can use for Friday, June 29, 2018
Posted June 29th, 2018

Options news you can use for Friday, June 29, 2018


Advisors Option 68: Calendar and Diagonal Spreads

Options 101: Calendar & Diagonals This strategy combines a longer-term bullish outlook with a near-term neutral/bearish outlook. Variations? Profit/Loss and breakeven Volatility, time decay and assessment risk Calendars vs Diagonals - when should...
Posted June 28th, 2018

Options 101: Calendar & Diagonals

  • This strategy combines a longer-term bullish outlook with a near-term neutral/bearish outlook.
  • Variations?
  • Profit/Loss and breakeven
  • Volatility, time decay and assessment risk
  • Calendars vs Diagonals - when should you use one over the other?
  • Using long dalendars during earnings

The Buzz: What news do informed advisors need to know?

  • OCC cleared contract volume increased 8% in May.
  • Google search data reveals options trading search interest is roughly half of what it was in 2004.

Office Hours: Listeners weigh in

Options question of the week: Google Trends is full of interesting, and surprising, data. When you analyze the "options" search data you uncover some surprising results. Which brings us to this week's question: Which "sub region" is currently ranked 1 for overall "options" interest by Google?

  • Illinois
  • California
  • New York
  • Maine

Listener questions and comments

  • Comment from TMal - So I have this exact thing going on right now, put diagonal with different futures underlying. 90-day difference, the Vegas act totally different, throw some futures spread risk in there, hard to quantify exactly what's causing the changes in the P/L, futures spread? Vol spread? Net deltas? Net thetas? It's complicated stuff. Nuances indeed holy cow. Plant the seed and let it grow naturally.
  • Comment from AKeats - Just discovered the radio show, and I am absolutely hooked! Great content!
  • Question from Brad K. - I'm learning a lot from you guys - particularly about the value of hedging. I also took your advice and switched to an advisor who uses options much more actively. Now I'm starting to spread my wings to the commodities particularly crude oil. I want to hedge my oil exposure with WTI options. Does the Swan DRS on crude use WTI or USO options? Also I would please like to know the panel's thoughts on trading options on commodities vs. equities. Any major differences I should be aware of? Thanks again and please keep the education coming our way.

Options Playbook Radio 215: BA Long Call Spread

Tariff turmoil is rocking the market and is beating up some stocks, including Boeing (BA). You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Specifically: Implied volatility...
Posted June 28th, 2018

Tariff turmoil is rocking the market and is beating up some stocks, including Boeing (BA). You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition.

Specifically:

  • Implied volatility is spiking because of talk of tariffs
  • BA announces earnings on 7/25
  • Stock has fallen about 40 points over the last month
  • Putting on a long call spread
  • Selecting strikes and expirations
  • What is the total cost?
  • What do we want to happen?
  • What is the maximum risk? Reward?
  • Rolling and adjusting options

Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected].


Options News Rundown: Thursday, June 28, 2018

Options news you can use for Thursday, June 28, 2018
Posted June 28th, 2018

Options news you can use for Thursday, June 28, 2018


OIC's Wide World of Options: Backspreads and Listener Questions

On Strategy Spotlight, Joe Burgoyne covers the intricacies of Backspreads with Dave Whitmore of E*TRADE and then meet Joe Cusick, OIC's Director of Institutional Outreach as he discusses his background in the industry and some of his OIC initiatives....
Posted June 26th, 2018

On Strategy Spotlight, Joe Burgoyne covers the intricacies of Backspreads with Dave Whitmore of E*TRADE and then meet Joe Cusick, OIC's Director of Institutional Outreach as he discusses his background in the industry and some of his OIC initiatives. Plus, Joe will answer listener questions.


Option Block 726: Amazing VIX Predictions...and Hiccups

Trading Block: Trump's trade war spooks the market. Again. Bitcoin manipulation via tether. Who out there is trading or interested in Crypto? What are you trading? Odd Block: Call writing frenzy in Campbell Soup Company (CPB). Call palooza in Market...
Posted June 26th, 2018

Trading Block: Trump's trade war spooks the market. Again. Bitcoin manipulation via tether. Who out there is trading or interested in Crypto? What are you trading?

Odd Block: Call writing frenzy in Campbell Soup Company (CPB). Call palooza in Market Vectors Oil Services ETF (OIH). Call love in Fiat Chrysler Automobiles (FCAU).

Mail Block: Listeners take over

Options question of the week. Let's have some fun. These "entertainment" stocks are pricing in big moves. Gun to your head: Which July ATM straddle would you rather own in your portfolio? $WWE $DIS $WYNN $SEAS #DegeneratePremiumBuyers #PalmsIn #FearNoTheta

  • 17% - $WWE July ATM Strad: $7
  • 37% - $WYNN July ATM Strad: $12
  • 16% - $SEAS July ATM Strad: $2
  • 30% - $DIS July ATM Strad: $5

Listener questions and comments:

  • Comment from SecretlyPsyched: Is it possible to short-sell a campaign? Or how about an entire state party? Some sort of derivative strategy?
  • Question from Nowledg3ispowerl: So turns out you guys are absolutely right. I have a very poor understanding of options. What's the best podcast episode for beginners?
  • Comment from the chat room re: TSLA.
  • Question from HeyBartenderman: Hi. I have a question for you. If I'm interested in buying options in a stock, what's the best way to go about finding the best strike/expiry?...Basically, if I sold a stock for a nice profit, but then wanted to participate in a move higher should it keep going up (for example $IQ). Or if I've been watching something, and think it's about to break out, but don't know exactly when, which options should I be looking at? Weeklies, monthlies, leaps, etc....When is it better to do one length of option over another, I think is basically the question I have. Thanks.

Around the Block: Will they or won't they re: trade wars.


Options News Rundown: Tuesday, June 26, 2018

Options news you can use for Tuesday, June 26, 2018
Posted June 26th, 2018

Options news you can use for Tuesday, June 26, 2018


Options News Rundown: Monday, June 25, 2018

Options news you can use for Monday, June 25, 2018
Posted June 25th, 2018

Options news you can use for Monday, June 25, 2018


Volatility Views 310: VIX Fixes, Fiddy Cent and VXX Ratios

Volatility Review: A look back at the week from a volatility perspective Fiddy cent returns Seagull spread? VIX cash: 14.64 Tweaks to VIX VVIX: 107.50 Google interest: Top five states with the most interest in volatility (Mark S. got 2/5) Google...
Posted June 25th, 2018

Volatility Review: A look back at the week from a volatility perspective

  • Fiddy cent returns
  • Seagull spread?
  • VIX cash: 14.64
  • Tweaks to VIX
  • VVIX: 107.50
  • Google interest: Top five states with the most interest in volatility (Mark S. got 2/5)
  • Google interest: Top five states with the most interest in VIX
  • VIX options
  • Big call and put strips
  • The VXX whiff of weirdness

Volatility Voicemail: Listeners have their say

Options Question of the Week: Let's have some fun. These "entertainment" stocks are pricing in big moves. Gun to your head: Which July ATM straddle would you rather own in your portfolio? WWE? DIS? WYNN? SEAS? #DegeneratePremiumBuyers #PalmsIn #FearNoTheta

  • WWE July ATM Strad: $7
  • WYNN July ATM Strad: $12
  • SEAS July ATM Strad: $2
  • DIS July ATM Strad: $5

Listener questions and comments:

  • Question from Rick S.: What exactly does it mean to roll positions the week of expiration?
  • Question fro Telly0:Are there any long VIX vehicles that don't erode to zero?
  • Comment from JTack:Looks like call front spreads (short 1 near OTM, long 2 farther OTM) in VXX are the best way to hedge long term VXX puts. That way you're covered against a blowup but you're not shelling out a ton for straight up calls or verticals.

Crystal Ball: Wild and reckless prognostication

Last guess:

  • Mark L. 11.85
  • Andrew: 11.80
  • Mark S. 11.55

This week:

  • Mark S. 11.55
  • Mark L. 12.05

This Week in Futures Options 107: Russell Dominates While OPEC Puzzles

Topics this week include: It's Russell Reconstitution time: Russell 1000 & 2000 rebalancing today. Could result in the most heavily traded session of 2018. Equity volatility. Will we see a vertical asymptote? CME's new OPEC watch tool Crude: OPEC...
Posted June 25th, 2018

Topics this week include:

  • It's Russell Reconstitution time: Russell 1000 & 2000 rebalancing today. Could result in the most heavily traded session of 2018.
  • Equity volatility. Will we see a vertical asymptote?
  • CME's new OPEC watch tool
  • Crude: OPEC ministers agree to raise oil production but don't say by how much
  • Ag chat: beans hit nine-year low on rejeuvenated trade war talk
  • CME Bitcoin futures off another 500 handles

Futures Options Feedback: Listeners take over

  • Question from Tim Kessler:Do you need a futures account if you just want to trade options on futures?
  • Question from Nicholas:Thoughts on the reports from the VIX-rigging prof that someone propped up the price of bitcoin last year? You guys buying what he's selling?
  • Question from Bellat:What do you think of crypto vol at these levels, particularly Bitcoin? Are you guys doing any trading even though there aren't really any true options available yet?

Option Block 725: Well-Timed Puts and Funky Verticals

Trading Block: Trump trade war spooks markets again. We are fully into zone two. Will vol explode, or is it just a bunch of nothing? Will there be a 50-handle move in the S&P within the next three days? Will this be another year of record volume?...
Posted June 22nd, 2018

Trading Block: Trump trade war spooks markets again. We are fully into zone two. Will vol explode, or is it just a bunch of nothing? Will there be a 50-handle move in the S&P within the next three days? Will this be another year of record volume? Which exchange is dominating the flow so far?

Odd Block: TSLA takes a drubbing. Returning to the Rent-A-Center trade from Tuesday. SBUX closing some locations. Is IQIY Inc. being impacted by the threat of trade war?

Strategy Block: Managing risk comes before sentiment. Going from a diagonal spread into a put spread.

Mail Block: Listener questions and comments

Options question of the week: Let's have some fun. These "entertainment" stocks are pricing in big moves. Gun to your head: Which July ATM straddle would you rather own in your portfolio? WWE? DIS? WYNN? SEAS? #DegeneratePremiumBuyers #PalmsIn #FearNoTheta

  • WWE July ATM Strad: $7
  • WYNN July ATM Strad: $12
  • SEAS July ATM Strad: $2
  • DIS July ATM Strad: $5
  • @PatrickSnoke: Just pull the trigger so I don't have to choose the least worst option.

Listener questions:

  • Question from Running Roger: Forgive me for asking but I need some help and have done something I didn't mean to. I bought ETSY puts at 40.00 strike and then wanted to sell to close. I accidentally sold a put contract, same strike price and same expiration date. Do they wash out? At this point I'm not even worried about the couple of hundred bucks I lost on the spread. I'm worried about selling the put contract. I used Robinhood on this one (instead of TOS) and I can't find a way to sell to close. Some help would be appreciated.
  • Question from nowledg3ispower: I think I understand most things about calls. But I can't figure out and no one is able to give me an estimate if I have an option in the money. And I want to sell the option as opposed to letting the contract expire and buying the shares. What's my ballpark profit? I've been looking at this option for Twitter. If you have to provide an example.

Around the Block: What are we watching for the near future? Watching VIX. Andrew doubles down on a big move in the S&P.


Options Playbook Radio 214: Cannabis Covered Combo

News out of Canada regarding the legalization of marijuana has impacted volatility of medical marijuana stocks. This is an interesting opportunity to get back to basics, including a covered call and a cash-secured put. You can find more in The Options...
Posted June 21st, 2018

News out of Canada regarding the legalization of marijuana has impacted volatility of medical marijuana stocks. This is an interesting opportunity to get back to basics, including a covered call and a cash-secured put. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition.

Specifically:

  • A review of last week
  • How did the trade work out?
  • Legal pot in Canada? That impacts IV for CGC
  • What is our outlook?
  • Setting up the trade
  • What do we want to happen?

Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected].


Options News Rundown: Wednesday, June 20, 2018

Options news you can use for Wednesday, June 20, 2018
Posted June 20th, 2018

Options news you can use for Wednesday, June 20, 2018


Option Block 724: Live from the Southern Studio

Ttrading Block: Making up for lost ground. Weekend risk. Silver give up gains on tarriff talks.New low in the July VIX futures.Square up for no discernible reason. TWTR. TSLA. Put buyers. VIX zones. Fifty cent is back.Why are there so few market...
Posted June 19th, 2018

Ttrading Block: Making up for lost ground. Weekend risk. Silver give up gains on tarriff talks.New low in the July VIX futures.Square up for no discernible reason. TWTR. TSLA. Put buyers. VIX zones. Fifty cent is back.Why are there so few market makers left? IL Rep takes it on. Where should regulators focus their attention?

Odd Block: Mystery TSLA puts. Rally-ho in Dropbox. Finding value in Rent-A-Center.

Mail Block: Listeners take over

Last week's question of the week: We've broken down the weekly ATM straddles expiring 6/22 for the follow popular names. Gun to your head, which ATM straddle would you reather buy? TSLA? FB? SPY? GLD?

  • 42% - TSLA
  • 25% - FB
  • 15% - SPY
  • 18% - GLD

This week's question of the week: : Let's have some fun. These "entertainment" stocks are pricing in big moves. Gun to your head: Which July ATM straddle would you rather own in your portfolio? WWE? DIS? WYNN? SEAS? #DegeneratePremiumBuyers #PalmsIn #FearNoTheta

  • WWE July ATM Strad: $7
  • WYNN July ATM Strad: $12
  • SEAS July ATM Strad: $2
  • DIS July ATM Strad: $5
  • Comment from ThetaSeller:Can't we just sell an O.T.M. strangle instead? LOL
  • Comment from traderjrae:I'm trying to decide which would be worse... Placing an ATM straddle when long options are overpriced, or getting shot in the head.
  • Comment from 1SimpleTrader: Re: TSLA. Musk sells $600 million worth of stock in 2016, nobody bats an eye. He buys $10 million back and everyone loses their s*#t.

Around the Block: Trade wars? Watching the POTUS Twitter account.


Options News Rundown: Tuesday, June 19, 2018

Options news you can use for Tuesday, June 19, 2018
Posted June 19th, 2018

Options news you can use for Tuesday, June 19, 2018


Options News Rundown: Monday, June 18, 2018

Options news you can use for Monday, June 18, 2018
Posted June 18th, 2018

Options news you can use for Monday, June 18, 2018


Options Insider Radio Interviews: Catching Up With Sullivan Award Winner Gary Katz

In this episode, Mark is joined by Gary Katz, co-founder and former CEO of the International Securities Exchange. They discuss: Gary receiving the Sullivan award at the Options Industry Conference Thoughts after being away from the conference for a...
Posted June 18th, 2018

In this episode, Mark is joined by Gary Katz, co-founder and former CEO of the International Securities Exchange.

They discuss:

  • Gary receiving the Sullivan award at the Options Industry Conference
  • Thoughts after being away from the conference for a few years
  • His thoughts on how Nasdaq is integrating ISE
  • Issues with liquidity
  • The importance of market makers
  • Caring for people on the autism spectrum
  • Snack foods
  • And more

Options Insider Radio Interviews: Talking Enhanced Data and Real Time Risk with Hanweck

In this episode, Mark is joined by Jerry Hanweck, CEO at Hanweck. They discussed: How did Jerry start Hanweck? Their new real-time risk platform What is powering the platform? What are the components of the real-time risk platform? What can the...
Posted June 18th, 2018

In this episode, Mark is joined by Jerry Hanweck, CEO at Hanweck.

They discussed:

  • How did Jerry start Hanweck?
  • Their new real-time risk platform
  • What is powering the platform?
  • What are the components of the real-time risk platform?
  • What can the industry to do incentivize market makers to stay?
  • What else is coming from Hanweck?
  • And more...

Options Insider Radio Interviews: Talking Options Coaching with Dan Passarelli

In this episode, Mark is joined by Dan Passarelli, founder of Market Taker Mentoring, and co-host of our very own Options Bootcamp. They discuss: How to navigate liquidty issues The plight of liquidity providers Are people interesting in learing...
Posted June 18th, 2018

In this episode, Mark is joined by Dan Passarelli, founder of Market Taker Mentoring, and co-host of our very own Options Bootcamp.

They discuss:

  • How to navigate liquidty issues
  • The plight of liquidity providers
  • Are people interesting in learing about crypto?
  • The upcoming annual retreat
  • And more...

This Week in Futures Options 106: Reconstitution Is Good for Business

This Week in Futures Options 106: Reconstitution Is Good for Business Your co-hosts this week are Sean Smith, Managing Director of Derivatives Licensing at FTSE Russell and Nick Howard, Managing Principal at Bantix Technologies. Topics this week...
Posted June 18th, 2018

This Week in Futures Options 106: Reconstitution Is Good for Business

Your co-hosts this week are Sean Smith, Managing Director of Derivatives Licensing at FTSE Russell and Nick Howard, Managing Principal at Bantix Technologies.

Topics this week include:

  • Russell reconstitution time
  • Beans!
  • Purdue, CME Group Ag Barometer hits 16-month high
  • Crude

Futures Options Feedback: What's on your mind?

  • Question from Mark Brandt: Does Nick use the weather to trade ags? Does he have any esoteric Eurodollar information to share?
  • Question from Olive Trader: Will gold vol go bid after the Fed decision?
  • Question from 8Ack: Is there an easy way to compare the relative skew levels of E-mini Russell vs E-mini S&P?
  • Question from Silvan8: I think I was the one guy who used to trade RVX options back in the day. Can you ask FTSE for an update on RVX options? I see some juicy spreads lining up with VIX and I would love to get back in action.


Option Block 723: Live from the Pro Trader Summit

In this episode, the all stars are live at the annual Option Pit Pro Trader Summit. Chaos, hilarity, and options discussion ensued.
Posted June 15th, 2018

In this episode, the all stars are live at the annual Option Pit Pro Trader Summit. Chaos, hilarity, and options discussion ensued.


Volatility Views 309: Vol Views Live from the Pro Trader Summit

This episode was recorded live at the Option Pit Pro Trader Summit. Andrew, Mark and Mark take the show on the road. Analysis, wit, and wisdom ensued.
Posted June 15th, 2018

This episode was recorded live at the Option Pit Pro Trader Summit. Andrew, Mark and Mark take the show on the road. Analysis, wit, and wisdom ensued.


Options News Rundown: Friday, June 15, 2018

Options news you can use for Friday, June 15, 2018
Posted June 15th, 2018

Options news you can use for Friday, June 15, 2018


Options Playbook Radio 213: Long Butterfly with Calls

This week we will look at a long butterfly with calls. You can find more on page 102 in The Options Playbook, which is always available on OptionsPlaybook.com, or on the Amazon Kindle edition. Specifically: A review from last week (diagonal spread...
Posted June 14th, 2018

This week we will look at a long butterfly with calls. You can find more on page 102 in The Options Playbook, which is always available on OptionsPlaybook.com, or on the Amazon Kindle edition.

Specifically:

  • A review from last week (diagonal spread with calls)
  • Staying in FedEx
  • Earnings! June 19'
  • Setting up the trade
  • Selecting strikes, expiration
  • What is the maximum risk? Reward?
  • What do we want to happen?
  • And more...

Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected].


Options News Rundown: Thursday, June 14, 2018

Options news you can use for Thursday, June 14, 2018
Posted June 14th, 2018

Options news you can use for Thursday, June 14, 2018


Options News Rundown: Wednesday, June 13, 2018

Options news you can use for Wednesday, June 13, 2018
Posted June 13th, 2018

Options news you can use for Wednesday, June 13, 2018


Option Block 722: Prepare for the Meeting of the Minds

Trading Block: What is happening in the markets this week? Stocks shake off G7 row as investors await US-North Korea summit Bitcoin tumbles as hackers hit South Korean exchange Coinrail New research shows European demand for US equity options remains...
Posted June 12th, 2018

Trading Block: What is happening in the markets this week?

Odd Block: Funky closing spread in Owens Corning (OC), call love in BGC Partners, Inc. (BGC) and playing with house money in Beacon Roofing Supply (BECN).

Strategy Block: Uncle Mike Tosaw discusses Bitcoin/crypto future.

Mail Block/Options Question of the week

GoogleTrends is full of interesting, and surprising, data. When you analyze the "options" search data you uncover some surprising results. Which brings us to this week's question: Which "subregion" is currently ranked 1 for overall "options" interest by Google?

  • 33% - Illinois
  • 23% - California
  • 32% - New York
  • 12% - Maine

Listener questions and comments:

  • Question from EAQ -Can you always rely on the bid ask spread when you're analyzing unusual options activity? Seems like that can be gamed?

Around the Block/This Week in the Market

  • Jun 12 - Consumer Price Index, Treasury Budget
  • Jun 13 - PPI, FOMC Meeting
  • Jun 14 - Jobless Claims, Retail Sales
  • Jun 15 - Industrial Production, Consumer Sentiment

Options News Rundown: Tuesday, June 12, 2018

Options news you can use for Tuesday, June 12, 2018
Posted June 12th, 2018

Options news you can use for Tuesday, June 12, 2018


Volatility Views 308: Forth the Vol Hunters

Volatility Review: A look back at the week from a volatility perspective. VIX Cash: 12.21 and as high as 13.30. VVIX - 93 VIX Options - ADV: 535k, VIX call/put: 2.6/1, Total 7.95m (5.78m Calls, 2.17m Puts) The return of the 1x2? Plenty of call love...
Posted June 11th, 2018

Volatility Review: A look back at the week from a volatility perspective.

  • VIX Cash: 12.21 and as high as 13.30.
  • VVIX - 93
  • VIX Options - ADV: 535k, VIX call/put: 2.6/1, Total 7.95m (5.78m Calls, 2.17m Puts)
  • The return of the 1x2?
  • Plenty of call love yesterday
  • Paper sells call June vertical yesterday

Volatility Voicemail: Flash poll!

Let's stick with our Volatility theme to round out the week. Quite simply - which product do you think has the highest 30-day implied Volatility? No cheating (or checking with your broker)! What does your gut tell you? VIX? Bitcoin? TSLA? RUSSELL2000? RUT? IWM?

  • 34% - Tesla, TSLA
  • 21% - VIX
  • 35% - Bitcoin
  • 10% - Russell 2000: Emini, RUT

Listener questions and comments

  • Question from Lisag - I'm confused. Why would someone by such an outlandish vertical in a product that essentially rots to zero?
  • Comment from Kaijan - I would sell that VXX July call spread all day long. In fact I did! Thx for giving me the idea on your last show. Keep up the vol fun!
  • Question from Deville - Great show. How do I get my volatility fund profiled on Volatility Views?
  • Question from FNews2 - Do you think eliminating the traditional earning call would be a bad move for vol traders? I kind of take the view that it would smooth things out and make it a little less likely to get run over. Crazy?

Crystal Ball: Your prognostication headquarters

Last week:

  • Mark L. -12.95
  • Mark S. - 12.50

This week:

  • Mark L. - 11.85
  • Andrew - 11.55

This Week in Futures Options 105: Ag Volatility Back in the Spotlight

Today's CME hot seat guests are Eric Baum, Senior Commodity Trader, and John Rothstein, Chief Operating Officer at Optiver US. Topics this week include: Ags Corn Soybeans Equities/RVX Crude/WTI Futures Options Feedback: Flash poll! Let's stick with...
Posted June 11th, 2018

Today's CME hot seat guests are Eric Baum, Senior Commodity Trader, and John Rothstein, Chief Operating Officer at Optiver US.

Topics this week include:

  • Ags
  • Corn
  • Soybeans
  • Equities/RVX
  • Crude/WTI

Futures Options Feedback: Flash poll! Let's stick with our Volatility theme to round out the week. Quite simply - which product do you think has the highest 30-day implied Volatility? No cheating (or checking with your broker)! What does your gut tell you? VIX? Bitcoin? TSLA?RUSSELL2000? RUT? IWM?

  • 34% - Tesla, TSLA
  • 21% - VIX
  • 35% - Bitcoin
  • 10% - Russell 2000: E-mini, RUT

Listener questions and comments:

  • Question from Toni - I've been listening to TWIFO since the launch (along with Vol Views and Advisors Option). Thanks for so many hours of listening and learning. I think I have a problem with TWIFO though because you guys are slowly luring me to the "dark side" of Ag products. But I'm not really sure where to begin because I'm a complete novice when it comes to agriculture (mostly trade spy and single name equity options). Is there one product that you feel is the friendliest or the least intimidating for beginners? Also are there any good resources out there for budding Ag options traders?
  • Question from JLM54 - See a lot of talk about spreads between similar commodities (WTI/Brent spread, KC wheat / Chicago wheat). What about spreads between different commodities that may move in accordance to similar fundamentals? Is anyone tracking these relationships (WTI/Gold, Gold/10yr)? Are there any relationships you watch regularly that are outside the established intra-commodity spreads?

Options News Rundown: Monday, June 11, 2018

Options news you can use for Monday, June 11, 2018
Posted June 11th, 2018

Options news you can use for Monday, June 11, 2018


Options Insider Radio Interviews: Talking Volatility Strategies with Credit Suisse

In this episode, Mark is joined by Mandy Xu, Director and Chief Equity Derivatives Strategist at Credit Suisse. They discuss: How did Mandy discover equity derivatives research? Is this the beginning of a new volatility regime? February's technical...
Posted June 11th, 2018

In this episode, Mark is joined by Mandy Xu, Director and Chief Equity Derivatives Strategist at Credit Suisse.

They discuss:

  • How did Mandy discover equity derivatives research?
  • Is this the beginning of a new volatility regime?
  • February's technical dislocation
  • Expecting range-bound volatility
  • The correlation component
  • What are the key drivers of volatility?
  • Why VIX is not the best measure of risk
  • Does Credit Suisse have a proprietary volatility instrument?
  • And more...

Options Insider Radio Interviews: Talking Options Tech and Crypto with Vela

In this episode, Mark is joined by Ollie Cadman, Head of Business Operations at Vela. They discuss: The Vela acquisitions spree How are the integrations of Options City and Object Trading going? The challenge to grow as business contracts Has there...
Posted June 11th, 2018

In this episode, Mark is joined by Ollie Cadman, Head of Business Operations at Vela.

They discuss:

  • The Vela acquisitions spree
  • How are the integrations of Options City and Object Trading going?
  • The challenge to grow as business contracts
  • Has there been increased interest in options from their clients?
  • What about API access
  • The fight for screen access
  • What are the upcoming improvements for the Options City platform?
  • Vela and crypto
  • And more

Option Block 721: The Trade Hawks

Trading Block: Earnings! Monday - Dell, PaloAlto, CSMC, Orion Tuesday - HD Supply, Duluth Trading, Navistar Wednesday - Signet, Knot, SecureWorks, Thursday - Smuckers, Broadcom, At Home Warren Buffett and Jamie Dimon join forces to convince CEOs to...
Posted June 8th, 2018

Trading Block: Earnings!

Odd Block: Size opening puts in Banco Bradesco (BBD), Size opening call sale in Analog Devices, Inc. (ADI).

Mail Block: Options question of the week

Google Trends is full of interesting, and surprising, data. When you analyze the "options" search data you uncover some surprising results. Which brings us to this week's question: Which "subregion" is currently ranked one for overall "options" interest by Google?

  • Illinois
  • California
  • New York
  • Maine

Flash Poll: Let's stick with our Volatility theme to round out the week. Quite simply - which product do you think has the highest 30-day implied Volatility? No cheating (or checking with your broker)! What does your gut tell you? VIX? Bitcoin? TSLA? RUSSELL2000? RUT? IWM?

  • Tesla, TSLA
  • VIX
  • Bitcoin
  • Russell 2000: Emini, RUT

Listener questions and comments:

  • Comment from Till - I'm looking forward to the rock lobster's ongoing webinar series on Asian options.
  • Question from DollClub - How do you price ratio spreads. If it's a long 1x2 do you just multiply the cost of the second leg by 2 and then subtract it from the long leg? Is it just that simple?
  • Question from Division1 - Why has there never been a cool trading video game? Options or stocks I don't care. Maybe Insider should do it?

Around the Block: What's on the radar for next week?


Options News Rundown: Friday, June 8, 2018

Options news you can use for Friday, June 8, 2018
Posted June 8th, 2018

Options news you can use for Friday, June 8, 2018


Options Playbook Radio 212: Diagonal Trades in FedEx

Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected]
Posted June 7th, 2018

Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected].


Options Insider Radio Interviews: Talking API vs Front Ends with FlexTrade

In this interview, Mark is joined by Rob Brogan, Vice President of Equity Derivative Servies at FlexTrade. They discuss: Monitoring real-time risk APIs vs front end The fight for screen space Liquidity issues Too many strikes, too few trades And more...
Posted June 6th, 2018

In this interview, Mark is joined by Rob Brogan, Vice President of Equity Derivative Servies at FlexTrade.

They discuss:

  • Monitoring real-time risk
  • APIs vs front end
  • The fight for screen space
  • Liquidity issues
  • Too many strikes, too few trades
  • And more...

Options News Rundown: Wednesday, June 6, 2018

Options news you can use for Wednesday, June 6, 2018
Posted June 6th, 2018

Options news you can use for Wednesday, June 6, 2018


Option Block 720: Options Volume and Skew Breakdown

Trading Block: Last week in review Is the trade war back on the table? The May number are in: OCC cleared contract volume increased 8% in May. Credit Suisse announces 1-to-10 reverse split for $TVIX and $TVIZ effective June 8th. Odd Block: Ratio...
Posted June 5th, 2018

Trading Block: Last week in review

  • Is the trade war back on the table?
  • The May number are in: OCC cleared contract volume increased 8% in May.
  • Credit Suisse announces 1-to-10 reverse split for $TVIX and $TVIZ effective June 8th.

Odd Block: Ratio call spread in Melco Resorts & Entertainment (MLCO), put apocalypse in Nektar Therapeutics (NKTR), and put roll in iShares MSCI Turkey Index Fund (TUR).

Strategy Block: Uncle Mike Tosaw discusses how to trade skew.

Around the Block: What are we looking at for the upcoming week?


Options Insider Radio Interviews: Talking Crypto Options, Volatility and More with Cboe

In this episode, Mark is joined by Kapil Rathi, Head of Equity Options at Cboe. They discuss: How many exchanges are too many exchanges? Is it time to reveiw the regulatory environment? Liquidity issues Limiting the live order book SPY volatility...
Posted June 5th, 2018

In this episode, Mark is joined by Kapil Rathi, Head of Equity Options at Cboe.

They discuss:

  • How many exchanges are too many exchanges?
  • Is it time to reveiw the regulatory environment?
  • Liquidity issues
  • Limiting the live order book
  • SPY volatility products
  • After-hours options trading
  • Listing crypto options
  • And more...


Options News Rundown: Tuesday, June 5, 2018

Options news you can use for Tuesday, June 5, 2018
Posted June 5th, 2018

Options news you can use for Tuesday, June 5, 2018


Volatility Views 307: Where Are 50 Cent and the VIX Whale?

Volatility Review: A look back at the week from a volatility perspective VIX Cash - 15.43, 3 points higher than last week. VVIX - 95, 5 points higher than last week. VIX Options - ADV: 557k (substantially lower than last show), VIX call/put: 2.8/1,...
Posted June 4th, 2018

Volatility Review: A look back at the week from a volatility perspective

  • VIX Cash - 15.43, 3 points higher than last week.
  • VVIX - 95, 5 points higher than last week.
  • VIX Options - ADV: 557k (substantially lower than last show), VIX call/put: 2.8/1, Total 7.00m (5.14m Calls, 1.85m Puts)
  • What about the roll from June to July 37.5?
  • VXX - 35, 1 point lower than last week.
  • Paper buys buys size VXX July call spread.
  • VIX-mageddon revisited: it's the buyers who disappeared

Volatility Voicemail: Options question of the week

Holiday Weekends are notoriously tough for VIX traders. The markets love to crush Volatility going into these events. So we thought we'd poll the savvy VIX traders in our audience - where do you think VIX will OPEN on Tues 5/29?

  • 39% - Here: 12-14
  • 30% - Higher: 14-16
  • 18% - Lower: 10.5-12
  • 13% - Much Higher: >16

Flash Poll: Let's stick with our Volatility theme to round out the week. Quite simply - which product do you think has the highest 30-day implied Volatility? No cheating (or checking with your broker)! What does your gut tell you? VIX? Bitcoin? TSLA? RUSSELL2000? RUT? IWM?

  • Tesla, TSLA
  • VIX
  • Bitcoin
  • Russell 2000: Emini, RUT

Listener questions and comments:

  • Comment from Charles Montgomery Burns releasethehounds -I enjoyed listening to the broadcast today. Excellent
  • Question from Ned Brown - I wish it was made clear in these articles that the problem seems to be around settlement in the VIX. A good idea on orders to bring more liquidity into the settlement. I assumed the big volatility was the reason crypto options weren't being pushed. Has anyone asked the SEC about them?
  • Question from Bellat - What do you think of crypto Vol at these levels particularly bitcoin? Are you guys doing any trading even though there aren?t really any true options available yet?
  • Question from Pilz - Did we ever uncover the mystery behind 50 cent?

Crystal Ball: Your prognostication headquarters

Last week:

  • Mark L. -12.95
  • Mark S. -13.50

This week:

  • Mark L. -12.95
  • Mark S. - 12.50

This Week in Futures Options 104: Tariff Battles Drive More Volatility

Topics this week include: WTI/Crude Gold Equities Ags/Soybeand Rates Crypto Futures Options Feedback: Flash Poll! Let's stick with our Volatility theme to round out the week. Quite simply - which product do you think has the highest 30-day implied...
Posted June 4th, 2018

Topics this week include:

  • WTI/Crude
  • Gold
  • Equities
  • Ags/Soybeand
  • Rates
  • Crypto

Futures Options Feedback: Flash Poll!

Let's stick with our Volatility theme to round out the week. Quite simply - which product do you think has the highest 30-day implied Volatility? No cheating (or checking with your broker)! What does your gut tell you? VIX? Bitcoin? TSLA? RUSSELL2000? RUT? IWM?

  • Tesla, TSLA
  • VIX
  • Bitcoin
  • Russell 2000: Emini, RUT

Listener questions and comments:

  • Question from Ned Brown -You had a guest on a few weeks back and he mentioned what he thought Bitcoin volatility would be on the options. You would think it would be an instant winning product. I've always thought the tricky part is finding the market makers to provide the liquidity...I assumed the big volatility was the reason crypto options weren't being pushed. Has anyone asked the SEC about them?
  • Question from BB88 -How do I do what Nick said last week to see the options activity on that day's expiring future?

Options News Rundown: Monday, June 4, 2018

Options news you can use for Monday, June 4, 2018
Posted June 4th, 2018

Options news you can use for Monday, June 4, 2018


Option Block 719: The Rock Lobster Loves Asian Options

Trading Block: Trade wars are back on the table. Credit Suisse announces 1-to-10 reverse split for TVIX and TVIZ effective June 8th. Odd Block: Put palooza in Deutsche Bank AG (DB). Opening size call sale in Exeton Corporation (EXC). Calls and puts...
Posted June 1st, 2018

Trading Block: Trade wars are back on the table. Credit Suisse announces 1-to-10 reverse split for TVIX and TVIZ effective June 8th.

Odd Block: Put palooza in Deutsche Bank AG (DB). Opening size call sale in Exeton Corporation (EXC). Calls and puts trade in PagSeguro Digital Ltd (PAGS)

Mail Block: Options question of the week

Holiday Weekends are notoriously tough for VIX traders. The markets love to crush Volatility going into these events. So we thought we'd poll the savvy VIX traders in our audience - where do you think VIX will OPEN on Tues 5/29?

  • 39% - Here: 12-14
  • 30% - Higher: 14-16
  • 18% - Lower: 10.5-12
  • 13% - Much Higher: >16

Options Flash Poll: Let's stick with our Volatility theme to round out the week. Which product do you think has the highest 30-day implied Volatility? No cheating (or checking with your broker)! What does your gut tell you? VIX? Bitcoin? TSLA? RUSSELL2000/RUT? IWM?

  • Tesla, TSLA
  • VIX
  • Bitcoin
  • Russell 2000: Emini, RUT

Listener questions and comments:

  • Comment from Charlie Tunsen - I would like to add my vote for after hours options trading. It's ridiculous that the underlyings keep trading while the derivatives of those products are locked in an artificial deep freeze. I don't care if it's entirely illiquid or just a resting order book. Some liquidity is better than none when everything is melting down.
  • Question from Mads Melken - Why don't you guys talk about Asian options?

Around the Block: What is on our radar?


Options News Rundown: Friday, June 1, 2018

Options news you can use for Friday, June 1, 2018
Posted June 1st, 2018

Options news you can use for Friday, June 1, 2018


Options Playbook Radio 211: Unpacking Listener Questions

Huddle up, listeners. It's all listener questions today on Options Playbook Radio. Including: Is there a rule of thumb on how many strikes to skip in a skip strike butterfly? What is Brian's favorite underlying for trading options Do you trade...
Posted May 31st, 2018

Huddle up, listeners. It's all listener questions today on Options Playbook Radio.

Including:

  • Is there a rule of thumb on how many strikes to skip in a skip strike butterfly?
  • What is Brian's favorite underlying for trading options
  • Do you trade options on stocks below $5?

Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected].


Options News Rundown: Thursday, May 31, 2018

Options news you can use for Thursday, May 31, 2018
Posted May 31st, 2018

Options news you can use for Thursday, May 31, 2018


Options Bootcamp 74: Trading Options in a High Volatility Environment

Basic Training: The Return of Volatility! VIX is not dead. VIX jumped from 13.99 on 2/2 to 38.30 on 2/5, and 46.34 on 2/6. What are you thought on the recent resurgence of volatility in the marketplace? Do you think this is a temporary aberration or...
Posted May 30th, 2018

Basic Training: The Return of Volatility!

  • VIX is not dead.
  • VIX jumped from 13.99 on 2/2 to 38.30 on 2/5, and 46.34 on 2/6.
  • What are you thought on the recent resurgence of volatility in the marketplace?
  • Do you think this is a temporary aberration or have we transitioned into a new volatility regime?
  • What is the impact of higher volatility on options strategies? What is the impact of this change for options traders?

Mail Call: Options Flashpoll

The proposed third exchange from MIAX will raise the total number of U.S. Options Exchanges to 16. Is this a good thing for the options market? Is it the straw that finally breaks the camel's back? Or are you too busy getting great fills to care?

  • 44% - More Exchanges the Better
  • 22% - Please Make It Stop
  • 34% - Don't Care: I get filled

Listener questions and comments:

  • Question from Allan Tullman - There was a lot of research last year regarding selling put options to harvest risk premium. Now that volatility is back is this an ideal time to harvest premium via put selling or does the increased volatility increase the probability of getting whipsawed?
  • Question from Scott Somer - For Jill Malandrino: When CBOE does their floor reports there is an open outcry din from the SPX, VIX areas. Are there areas on the Nasdaq PHLX floor that also have that type of din, and if so, what names are getting this din?

Advisors Option 67: Swan CIO Summit Overview, plus Your Questions

The Buzz: Hot off the heels of the Swan CIO Summit Highlights included: Making Vol Great Again Perspectives on Risk Management A Strategy to Define Risk Where Hedged Equity Fits Many Optiosn with Options Office Hours: What do you want to know? ...
Posted May 30th, 2018

The Buzz: Hot off the heels of the Swan CIO Summit

Highlights included:

  • Making Vol Great Again
  • Perspectives on Risk Management
  • A Strategy to Define Risk
  • Where Hedged Equity Fits
  • Many Optiosn with Options

Office Hours: What do you want to know?

  • Question from Allan Tullman - There was a lot of research last year regarding selling put options to harvest risk premium. Now that volatility is back is this an ideal time to harvest premium via put selling or does the increased volatility increase the probability of getting whipsawed?
  • Question from Charlie C. - Quick Q for the show: What's the weirdest thing you've seen in the options market?
  • Question from Seveny - When can we expect Swan Crypto? Sure would have been nice in the recent selloff.
  • Question from Dajakal - Is there a good rule of thumb for when to use a ratio spread and how much of a ratio to use? 2X? 3x? More? Also what is best time or scenario for ratios?
  • Question from Duffy - How do you handle the fixed-time aspect of trading options? Most of my client strategies have a 1-2yr time horizon so trading a 1 month or 3 month option doesn't really suit my needs.

Options News Rundown: Wednesday, May 30, 2018

Options news you can use for Wednesday, May 30, 2018
Posted May 30th, 2018

Options news you can use for Wednesday, May 30, 2018


Volatility Views 306: Setting Things Straight on VIX Manipulation

Volatility Viewpoint: Today's guest is Tom Lee, Managing Director at Investment Strategy and Research at Parametric. He discusses: What is Parametric? Who are their customers? What do they trade? Harvesting risk premium VIX: Is it rigged? Volatility...
Posted May 29th, 2018

Volatility Viewpoint: Today's guest is Tom Lee, Managing Director at Investment Strategy and Research at Parametric.

He discusses:

  • What is Parametric?
  • Who are their customers?
  • What do they trade?
  • Harvesting risk premium
  • VIX: Is it rigged?

Volatility Review: A look back at the week from a volatility perspective

  • VIX Cash - 12.53
  • VVIX - 90.5
  • VIX Options - ADV: 592k, VIX call/put: 2.8/1, Total 6.67m (4.94m Calls, 1.72m Puts)
  • VXX - 33.81

Volatility Voicemail: Options question of the week

Holiday Weekends are notoriously tough for VIX traders. The markets love to crush Volatility going into these events. So we thought we'd poll the savvy VIX traders in our audience - where do you think VIX will OPEN on Tues 5/29?

  • Here: 12-14
  • Higher: 14-16
  • Lower: 10.5-12
  • Much Higher: >16

Listener questions and comments:

  • Comment from James1 - I took a flyer on a couple hundred VXX Jan 10 puts for .03 after learning about them on your shows. Seems like I'm not alone as a few hundred thousand others appear to have joined the party. It's a fairly cheap roll of the dice on long term VIX erosion without massive risk or expense.
  • Question from Malik - VXX puts to spec on contango in VIX futures makes sense to me. Do you think it's worth it to have a few VXX OTM call spreads in the back pocket as well to help protect or spec on a few reversals that buck the long-term trend? Or is it just wasted money on anything bullish VXX?
  • Question from TGeek -Thx for the show. Can you include a breakdown of OTC variance swaps on an upcoming episode?

Crystal Ball: Wild and reckless prognostication

Last week:

  • Mark L. -13.25
  • Mark S. - 12.75

This week:

  • Mark L. - 12.95
  • Mark S. - 13.50

This Week in Futures Options 103: Gold Bugs Are Smiling

Topics this week include: Gold Equities Crude Futures Options Feedback: Options question of the week. CME Group just announced a new Ether index this week expanding the universe of Crypto indices. But, at the end of the day, we all want more...
Posted May 29th, 2018

Topics this week include:

  • Gold
  • Equities
  • Crude

Futures Options Feedback: Options question of the week.

CME Group just announced a new Ether index this week expanding the universe of Crypto indices. But, at the end of the day, we all want more tradeable products. Which derivatives product would you like to see next in the Crypto space? Bitcoin? Ether? Ripple? LightCoin?

  • 76% - Bitcoin Options
  • 9% - Ether Futures
  • 6% - Ripple Futures
  • 9% - LightCoin Futures

Listener questions and comments:

  • Comment from Patrick Snoke: The title got me excited for Talking TACOs on TWIFO , I thought we were going to talk about a 2:1 beef-fish pairs trade. Just a suggestion for next time
  • Question from Flyer: How is Bitcoin's volatility calculated? Is the limited supply and abundant demand a current driver upwards for the price?
  • Comment from Milton FMR Institute: Trying to short lumber (LSN18) for two days now but guess what - no way to get the order filled
  • Question from 0OZEI: Can I trade gold-silver spread options on CME?

Options News Rundown: Tuesday, May 29, 2018

Options news you can use for Tuesday, May 29, 2018
Posted May 29th, 2018

Options news you can use for Tuesday, May 29, 2018


Option Block 718: Crazy HMNY, TSLA and DB Options Trades

Trading Block: Earnings! Friday - Foot Locker Best Buy reaffirms guidance - renews concerns about the inroads of Amazon. Monday review: Intuit - 191.30, ATM straddle: 11, approx.7% Gap Inc. (GPS) - 33, ATM straddle: 2.60, approx. 8% Netlifx vs....
Posted May 25th, 2018

Trading Block: Earnings!

  • Friday - Foot Locker
  • Best Buy reaffirms guidance - renews concerns about the inroads of Amazon.
  • Monday review: Intuit - 191.30, ATM straddle: 11, approx.7%
  • Gap Inc. (GPS) - 33, ATM straddle: 2.60, approx. 8%
  • Netlifx vs. Disney - Who will come out ahead in the long run?

Odd Block: Big selloff in Petroleo Brasil (PBR). Size opening risk reversal in iShares JPMorgan USD (EMB). Call buyer giving up the ghost in Deutsche Bank AG (DB).

Mail Block: Options question of the week

Holiday Weekends are notoriously tough for VIX traders. The markets love to crush Volatility going into these events. So we thought we'd poll the savvy VIX traders in our audience - where do you think VIX will OPEN on Tues 5/29?

  • Here: 12-14
  • Higher: 14-16
  • Lower: 10.5-12
  • Much Higher: >16

Listener questions and comments:

  • Question from Scott Somer - When doing earnings trades do you ALWAYS default to nearest Friday expiration.
  • Question from Charlotte - How about that move in WWE? You buying calls like crazy?
  • Question from Justin - I know you guys hate cheapie options trading but your comments about HMNY got me thinking. I could sell the June straddle for about .25. If I could do that again in July then in two months I could have the stock almost for free. A free stock is even better than a cheap stock.
  • Question from LTTW - HMNY AUG .5 strad is currently around .25-.30. I agree it makes no sense to buy that when the stock is .46 but I'm liking selling this straddle to get the stock for .16 by Aug exp. Maybe even work a .01 or .05 bid for some 1 calls further out on a ratio in case stock recovers aggressively?

Around the Block/Economic Reports:

  • May 25 - Durable Goods, Consumer Sentiment

If you are interested in what the Federal Reserve has to say or has been saying, this is the week for you. Not only are the notes from the last meeting going to be released on Wednesday, several Fed presidents will be talking this week including three on Monday and on Friday.


Live from the 2018 Options Industry Conference: Perspective from Capitol Hill

OCC President and Chief Operating Officer John Davidson talks with U.S. Representative Randy Hultgren (R-IL-14) about the outlook for action in Washington, D.C. in 2018, and the most significant financial markets issues facing policymakers.
Posted May 25th, 2018

OCC President and Chief Operating Officer John Davidson talks with U.S. Representative Randy Hultgren (R-IL-14) about the outlook for action in Washington, D.C. in 2018, and the most significant financial markets issues facing policymakers.


Live from the 2018 Options Industry Conference: Innovative Technologies within the Options Industry

Jill Malandrino, Nasdaq Global Markets Reporter, moderated a discussion on key innovations and trends in technology and their impacts on the options industry. Moderator: Jill Malandrino, Nasdaq Panelists: Tony Zhang, Options Play Peter Maragos, DASH...
Posted May 25th, 2018

Jill Malandrino, Nasdaq Global Markets Reporter, moderated a discussion on key innovations and trends in technology and their impacts on the options industry.

Moderator: Jill Malandrino, Nasdaq

Panelists:

  • Tony Zhang, Options Play
  • Peter Maragos, DASH
  • Travis McGhee, TradeStation

Live from the 2018 Options Industry Conference: Demystifying ETF Options Trends

Find out from this expert panel composed of ETF issuers and options market makers what is driving the trends in client ETF options usage and the implications for the ETF and options industries and their respective participants. Moderator: Steve Oh,...
Posted May 25th, 2018

Find out from this expert panel composed of ETF issuers and options market makers what is driving the trends in client ETF options usage and the implications for the ETF and options industries and their respective participants.

Moderator: Steve Oh, Nasdaq ETFs

Panelists:

  • Grayson Lipton, PowerShares by Invesco
  • Lawrence Tanzman, Citadel
  • Stacey Gilbert, Susquehanna International Group
  • James Maund, State Street Global Advisors

Live from the 2018 Options Industry Conference: Coffee with Cott

Experienced Financial Advisors share how they have integrated options into their practice to differentiate themselves from their competition and grow their client base. Moderator: Eric Cott, OCC Panelists: Michael Galantino, CV Brokerage, Inc....
Posted May 25th, 2018

Experienced Financial Advisors share how they have integrated options into their practice to differentiate themselves from their competition and grow their client base.

Moderator: Eric Cott, OCC

Panelists:

  • Michael Galantino, CV Brokerage, Inc.
  • Brandon Setlock, Charles Schwab & Co.
  • Paul Feinstein, 1st Republic

Live from the 2018 Options Industry Conference: Washington Outlook

Exchange and clearinghouse Washington representatives discussed policy and politics in 2018. Moderator: Julie Bauer, OCC Panelists: Terry Campbell, Nasdaq Jeff Strunk, Forbes-Tate Lita Frazier, Cboe Hope Jarkowski, Intercontinental Exchange
Posted May 25th, 2018

Exchange and clearinghouse Washington representatives discussed policy and politics in 2018.

Moderator: Julie Bauer, OCC

Panelists:

  • Terry Campbell, Nasdaq
  • Jeff Strunk, Forbes-Tate
  • Lita Frazier, Cboe
  • Hope Jarkowski, Intercontinental Exchange

Options News Rundown: Friday, May 25, 2018

Options news you can use for Friday, May 25, 2018
Posted May 25th, 2018

Options news you can use for Friday, May 25, 2018


Options Playbook Radio 210: Rolling SPY Put Flys Into Credit Spreads

We looked at doing a long call spread last week, which was net positive theta time premium. This week we will be looking at indexes. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, or on the Amazon Kindle...
Posted May 24th, 2018

We looked at doing a long call spread last week, which was net positive theta time premium. This week we will be looking at indexes. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, or on the Amazon Kindle edition.

Specifically:

  • Indexes and volatility
  • Rolling out of SPY put flys into credit spreads
  • Trading it directionally
  • Setting up the trade
  • Selecting strikes
  • What do we want to happen?
  • What is the max risk? Reward?
  • To adjust or not to adjust?

Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected].


Options News Rundown: Thursday, May 24, 2018

Options news you can use for Thursday, May 24, 2018.
Posted May 24th, 2018

Options news you can use for Thursday, May 24, 2018.


Options News Rundown: Wednesday, May 23, 2018

Options news you can use for Wednesday, May 23, 2018
Posted May 23rd, 2018

Options news you can use for Wednesday, May 23, 2018


Option Block 717: The Dangerous Art of Buying OTM Calls

Trading Block: Earnings! Tuesday - Kohl's Wednesday - Lowe's, Target Thursday - Best Buy Friday - Foot Locker Intuit - $191.30, ATM Straddle: $11, approx. 5.7% Odd Block: Call palooza in PayPal Holdings Inc. (PYPL). Rolling calls in Union Pacific...
Posted May 22nd, 2018

Trading Block: Earnings!

  • Tuesday - Kohl's
  • Wednesday - Lowe's, Target
  • Thursday - Best Buy
  • Friday - Foot Locker
  • Intuit - $191.30, ATM Straddle: $11, approx. 5.7%

Odd Block: Call palooza in PayPal Holdings Inc. (PYPL). Rolling calls in Union Pacific Corporation (UNP). Cheapie calls in Northern Oil & Gas, Inc. (NOG)

Strategy Block: Uncle Mike Tosaw discusses how to profitably buy OTM calls

Around the Block/Economic Reports:

  • May 23 - New Home Sales, FOMC Minutes
  • May 24 - Jobless Claims, Existing Home Sales
  • May 25 - Durable Goods, Consumer Sentiment

If you are interested in what the Federal Reserve has to say or has been saying, this is the week for you. Not only are the notes from the last meeting going to be released on Wednesday, several Fed presidents will be talking this week including three on Monday and on Friday.


Options News Rundown: Tuesday, May 22, 2018

Options news you can use for Tuesday, May 22, 2018
Posted May 22nd, 2018

Options news you can use for Tuesday, May 22, 2018


Volatility Views 305: Picking VIX Is Easy

Volatility Review: A look back at the week from a volatility perspective. VIX Cash - 13.43, almost unchanged from last week. VVIX - 93 VIX Options - ADV: 592k, VIX call/put: 2.7/1, Total 5.86m (4.26m Calls, 1.59m Puts) VXX - 34.87 Volatility...
Posted May 21st, 2018

Volatility Review: A look back at the week from a volatility perspective.

  • VIX Cash - 13.43, almost unchanged from last week.
  • VVIX - 93
  • VIX Options - ADV: 592k, VIX call/put: 2.7/1, Total 5.86m (4.26m Calls, 1.59m Puts)
  • VXX - 34.87

Volatility Voicemail: Listener questions and comments

  • Question from Trevor Salsman - Why no love for ZIV on volatility views?
  • Comment from Tom Frank - Not sure I agree with your consensus that covered calls are better for novice options traders. Puts typically have higher implied volatility and should generate higher returns than covered calls over time and have a better risk/reward. The novices would probably appreciate the higher returns.
  • Question from OliveTrader2 - What kind of volatility reaction should we expect if trade talks are successful or unsuccessful?
  • Question from Bruce Stern - I know that contango in VIX futures is the best scenario to foster VXX erosion. But is there a particular degree of slope or term structure that is optimal for maximum roll decay in the VXX product? Or is it just a question of the steeper the term structure slope the better?
  • Question from NMZ56 - Not sure my fav vol product has been invented yet. Outside of a truly tradable cash VIX, maybe we need some sort of cool earnings volatility product. Maybe something that allows you to trade the straddle without actually having to trade it? I think that would open the strategy up to more people.
  • Question from MTimes - What do you guys think of UPRO? Does the levered nature of this product make it a decent stand-in for some of the other vol products out there that have been defanged recently like SVXY or delisted like XIV?

Crystal Ball: Wild and reckless prognostication

Last week:

  • Mark L. - 13.55
  • Mark S. - 12.75

This week:

  • Mark L. - 13.25
  • Mark S. - 12.75

This Week in Futures Options 102: Talking Tacos and Tokens with Tim

Today's co-host is Tim McCourt, the Global Head of Equity Products at CME Group. Topics this week include: Equities Trade at Cash Open (TACO) Crude Gold Bitcoin/Crypto Futures Options Feedback: Listener questions and comments Question from Andrew...
Posted May 21st, 2018

Today's co-host is Tim McCourt, the Global Head of Equity Products at CME Group.

Topics this week include:

  • Equities
  • Trade at Cash Open (TACO)
  • Crude
  • Gold
  • Bitcoin/Crypto

Futures Options Feedback: Listener questions and comments

  • Question from Andrew Sullivan - When, oh when, are we going to get bitcoin options? I don't want to touch the futures so I'm left sitting on my hands during these crazy moves.
  • Question from Flyer - How is Bitcoin's volatility calculated? Is the limited supply and abundant demand a current driver upwards for the price?

Options News Rundown: Monday, May 21, 2018

Options news you can use for Monday, May 21, 2018
Posted May 21st, 2018

Options news you can use for Monday, May 21, 2018


Option Block 716: Secrets That Option Muggles Don't Know

Trading Block: Featuring special guest host Greg Stevens, VP of Product Development for Options at Fidelity. Earnings! Tuesday - Home Depot Wednesday - Cisco, Macy's Thursday - Walmart, Applied Materials, JC Penney, Nordstrom Friday - John Deere AMAT...
Posted May 18th, 2018

Trading Block: Featuring special guest host Greg Stevens, VP of Product Development for Options at Fidelity.

Earnings!

  • Tuesday - Home Depot
  • Wednesday - Cisco, Macy's
  • Thursday - Walmart, Applied Materials, JC Penney, Nordstrom
  • Friday - John Deere
  • AMAT - 54.30, ATM straddle: 2.25, approx. 4%

Odd Block: Line in the sand puts in Teva Pharmaceutical Industries (TEVA). Call love in General Electric Company (GE). Roll/stupid in Mylan NV (MYL).

Mail Block: Options question of the week.

CME Group just announced a new Ether index this week - expanding the universe of Crypto indices. But, at the end of the day, we all want more tradeable products. Which derivatives product would you like to see next in the Crypto space? Bitcoin Ether Ripple LightCoin

  • Bitcoin Options
  • Ether Futures
  • Ripple Futures
  • LightCoin Futures

Listener questions and comments:

  • Question from Litnic - What is the best "secret" options indicator that you use that isn't widely known or followed?
  • Question from Brian P. - What's your favorite underlying to trade options on?
  • Question from Alexi K. - How large do you think the universe of readily tradeable options is for the investing public?
  • Question from QZ98 -Do you trade options on stocks below 5? What's the cutoff? 1

Around the Block: What are the all-stars keeping their eyes on?


Live from the 2018 Options Industry Conference: Industry Leaders Panel

Exchange leaders, alongside OCC leadership, touched on an array of current topics affecting the options industry. Moderator: J.J. Kinahan, TD Ameritrade Panelists Ed Boyle, BOX Andy Lowenthal, Cboe Shelly Brown, MIAX Kevin Kennedy, Nasdaq Ivan Brown,...
Posted May 17th, 2018

Exchange leaders, alongside OCC leadership, touched on an array of current topics affecting the options industry.

Moderator: J.J. Kinahan, TD Ameritrade

Panelists

  • Ed Boyle, BOX
  • Andy Lowenthal, Cboe
  • Shelly Brown, MIAX
  • Kevin Kennedy, Nasdaq
  • Ivan Brown, NYSE
  • Scot Warren, OCC

Live from the 2018 Options Industry Conference: Options Liquidity in the Face of Changing Regulation

Key industry panelists discuss the evolution of market regulation and its impact on listed options liquidity across multiple market segments. Moderator: John J. Fennell, OCC Panelists: Steve Crutchfield, CTC Mauricio Izurieta, BAML Dennis Davitt,...
Posted May 17th, 2018

Key industry panelists discuss the evolution of market regulation and its impact on listed options liquidity across multiple market segments.

Moderator: John J. Fennell, OCC

Panelists:

  • Steve Crutchfield, CTC
  • Mauricio Izurieta, BAML
  • Dennis Davitt, Harvest Volatility Advisors

Live from the 2018 Options Industry Conference: Current and Future State of Volatility

Elinor Comlay from EQ Derivatives lead an engaging session on volatility and its impact on trading participants in the options market. Moderator: Elinor Comlay, EQ Derivatives Panelists: Rob Hocking, DRW Euan Sinclair, Talton Capital Management Aash...
Posted May 17th, 2018

Elinor Comlay from EQ Derivatives lead an engaging session on volatility and its impact on trading participants in the options market.

Moderator: Elinor Comlay, EQ Derivatives

Panelists:

  • Rob Hocking, DRW
  • Euan Sinclair, Talton Capital Management
  • Aash Vyas, Pier88 Investment Partners

Options Playbook Radio 209: Long Call Spread with a Possible Roll

We are back in the saddle discussing options strategies. With the VIX in the low- to mid-teens, that makes for an interesting time to look at volatility. We are going to look at a long call spread, possibly with a roll. You can find more in The...
Posted May 17th, 2018

We are back in the saddle discussing options strategies. With the VIX in the low- to mid-teens, that makes for an interesting time to look at volatility. We are going to look at a long call spread, possibly with a roll. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, or on the Amazon Kindle edition.

Specifically:

  • Indexes and volatility
  • Looking to do this trade for positive theta
  • Selecting expriations
  • What's a time bomb butterfly?
  • Setting up the trade
  • Selecting strikes
  • What do we want to happen?
  • What is the max risk? Reward?
  • To adjust or not to adjust?

Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected].


Options News Rundown: Thursday, May 17, 2018

Options news you can use for Thursday, May 17, 2018
Posted May 17th, 2018

Options news you can use for Thursday, May 17, 2018


Live from the 2018 Options Industry Conference: State of the Industry

Henry Schwartz from Trade Alert presented a detailed look at trends and current hot issues in today's options market.
Posted May 16th, 2018

Henry Schwartz from Trade Alert presented a detailed look at trends and current hot issues in today's options market.


Live from the 2018 Options Industry Conference: Sullivan Award Presentation

2018 Joseph W. Sullivan Award: Gary Katz Gary Katz is the former President and Chief Executive Officer of the International Securities Exchange (ISE), the first all-electronic options exchange in the United States and one of the world?s leading...
Posted May 16th, 2018

2018 Joseph W. Sullivan Award: Gary Katz

Gary Katz is the former President and Chief Executive Officer of the International Securities Exchange (ISE), the first all-electronic options exchange in the United States and one of the world?s leading exchanges. Prior to that, he served as ISE?s Chief Operating Officer.

Mr. Katz is one of the principal developers of the unique options market structure ? an auction market on an electronic platform ? used by all ISE exchanges and is named as inventor or co-inventor on six patents that the Company received or applied for relating to its proprietary trading system and technology.


Live from the 2018 Options Industry Conference: Exchange and Industry Updates

This year's panel for exchange and industry updates included: Patty Schuler, BOX Eric Frait, Cboe Joe Bracco, MIAX Sean Feeney, Nasdaq Mark Krommenhoek, NYSE Amy Lawson, OCC Frank Tirado, OIC Ellen Greene, SIFMA Jim Toes, STA
Posted May 16th, 2018

This year's panel for exchange and industry updates included:

  • Patty Schuler, BOX
  • Eric Frait, Cboe
  • Joe Bracco, MIAX
  • Sean Feeney, Nasdaq
  • Mark Krommenhoek, NYSE
  • Amy Lawson, OCC
  • Frank Tirado, OIC
  • Ellen Greene, SIFMA
  • Jim Toes, STA

Options News Rundown: Wednesday, May 16, 2018

Options news you can use for Wednesday, May 16, 2018
Posted May 16th, 2018

Options news you can use for Wednesday, May 16, 2018


OICs Wide World of Options 47: Panel - How to Build a Calm, Patient Trader Psychology

WWoO 47: Panel - How to Build a Calm, Patient Trader Psychology This rebroadcast of OICs webinar program focuses on what may cause an investor to lose control of their trading mind under pressure. Learn what needs to be done in order to produce...
Posted May 15th, 2018

WWoO 47: Panel - How to Build a Calm, Patient Trader Psychology

This rebroadcast of OICs webinar program focuses on what may cause an investor to lose control of their trading mind under pressure. Learn what needs to be done in order to produce the calm, patient mind necessary for effective trading.


Option Block 715: What Zone is VIX in Today?

Trading Block: Earnings! Tuesday - Home Depot Wednesday - Cisco, Macy's Thursday - Walmart, Applied Materials, JC Penney, Nordstrom Friday - John Deere Odd Block: Crazy call palooza in Caesars Entertainment Corp (CZR). Bullish risk reversal in...
Posted May 15th, 2018

Trading Block: Earnings!

  • Tuesday - Home Depot
  • Wednesday - Cisco, Macy's
  • Thursday - Walmart, Applied Materials, JC Penney, Nordstrom
  • Friday - John Deere

Odd Block: Crazy call palooza in Caesars Entertainment Corp (CZR). Bullish risk reversal in QUALCOMM, Inc. (QCOM).

Strategy Block: Uncle Mike Tosaw discusses what skew is.

Mail Block: Options question of the week

CME Group just announced a new Ether index this week - expanding the universe of Crypto indices. But, at the end of the day, we all want more tradeable products. Which derivatives product would you like to see next in the Crypto space? Bitcoin Ether Ripple LightCoin

  • 73% - Bitcoin Options
  • 13% - Ether Futures
  • 7% - Ripple Futures
  • 7% - LightCoin Futures

Listner comment:

  • Shared from Sonic Merlin - My Monday SPY puts.

Around the Block/Economic Reports:

  • May 15 - Retail Sales, Business Inventories, Treasury International Capital
  • May 16 - Housing Starts, Industrial Production
  • May 17 - Jobless Claims

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A dynamic mix of current events, investor resources, & strategy insights.

Trading Tech TalkAudio

We break down all the amazing technology that takes your trades from the click of a mouse to the clearinghouse.

Options Playbook RadioAudio

Break down cutting-edge options strategies and learn how to incorporate them into your portfolio

Options OdditiesAudio

We track all the unusual options trading activity on Options Oddities.

This Week in Futures OptionsAudio

The program designed to help active futures options traders stay on top of this ever-changing marketplace. 

The Business ShowAudio

If you like business, if you like humor, if you like stock symbols, this is the podcast for you.
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The Options Insider Radio Network

The Options News Rundown

Your source for the most important news and information from the world of options.

The Options News Rundown

The Options Insider Radio Network

All of our radio programs in one convenient place.

The Options Insider Radio Network

Options Insider Radio

The original options podcast. Features interviews with leading options figures.

Options Insider Radio

The Option Block

This high-octane program features education, analysis, strategies and unusual activity.

The Option Block

Volatility Views

The premier radio program for volatility traders.

Volatility Views

The Long And Short Of Futures Options

Your source for futures options information.

The Long And Short Of Futures Options

The Advisor's Option

Arming advisors with the info necessary to manage risk.

The Advisor's Option

Options Boot Camp

Get into peak options trading shape.

Options Boot Camp

Options Insider Special Events

Compelling panel & special event recordings from the options world.

Options Insider Special Events

OIC's Wide World of Options

A dynamic mix of current events, investor resources, & strategy insights.

OIC's Wide World of Options

Trading Tech Talk

We break down all the amazing technology that takes your trades from the click of a mouse to the clearinghouse.

Trading Tech Talk

Options Playbook Radio

Break down cutting-edge options strategies and learn how to incorporate them into your portfolio

Options Playbook Radio

Options Oddities

We track all the unusual options trading activity on Options Oddities.

Options Oddities

This Week in Futures Options

The program designed to help active futures options traders stay on top of this ever-changing marketplace. 

This Week in Futures Options

The Business Show

If you like business, if you like humor, if you like stock symbols, this is the podcast for you.

The Business Show