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 677: Bitcoin Is Destroying the World

Trading Block: Volume is a little lighter in XBT now. Taleb is not a fan of Bitcoin, at least not without options. Apparently Bitcoin is destroying the world. Question of the week: Everyone's caught Bitcoin fever these days. The first "real" futures...
Posted December 15th, 2017

Trading Block: Volume is a little lighter in XBT now. Taleb is not a fan of Bitcoin, at least not without options.

Apparently Bitcoin is destroying the world.

Question of the week: Everyone's caught Bitcoin fever these days. The first "real" futures launched at CBOE. Our question is simple - are you going to trade them this week?

  • Heck Yes!
  • Hell No!
  • I already traded them
  • Sticking w/Coinbase et al

Odd Block: Closing vertical w/ puts in Time Warner Inc. (TWX). Closing upside calls in Symantec Corp. (SYMC). Size ITM put roll in Sanchez Energy Corp. (SN)

Mail Block: Options question of the week

Options during earnings is a coin flip. But you know you love to do it. What's your earnings options MO?

  • Buy Calls/Call Spreads
  • Buy Puts/Put Spreads
  • Sell Puts/Put Spreads
  • Fly/Iron Fly/Iron Condor

Listener Questions: What's on your minds?

  • Comment from Tom - Let's be honest. If any of us had size bitcoin we would have sold out ages ago and probably be kicking ourselves right now.
  • Question from GiddyFranciscan - Sell in May and go away. What option strategy benefits from the profound market malaise that occurs over the summer?
  • Question from KBX32 - What is the cheapest way to hedge my portfolio with options?

Around the Block/Economic Reports:

  • Dec 15 - Industrial Production

Options News Rundown: Friday, December 15, 2017

Options news you can use for Friday, December 15, 2017
Posted December 15th, 2017

Options news you can use for Friday, December 15, 2017


Options Bootcamp 72: Busting Options Expiration Myths

Basic Training: Expiration Mythbusting What is expiration? Why do options expire? What does Triple Witching mean? Quadruple Witching? How does expiration impact the Greeks? How has expiration changed with the advent of the weeklys? Myth: Is it true...
Posted December 14th, 2017

Basic Training: Expiration Mythbusting

  • What is expiration? Why do options expire? What does Triple Witching mean? Quadruple Witching?
  • How does expiration impact the Greeks? How has expiration changed with the advent of the weeklys?
  • Myth: Is it true that options control the stock market on expiration Friday?
  • What happens when you exercise an option? American vs. European exercise? Can you exercise options early? Should you? How does auto-exercise work?

Mail Call: Fall in for listener questions

  • Question from Christina Rico - Will we ever have daily options?
  • Question from Ian Nichol - Love the show. What do you guys (and lady) think of this VXX debacle with FINRA and Wells Fargo? Seems like a few of the folks at Wells Fargo should have been listening to this show.
  • Question from TradeHer - How do we get more ladies into #options?

Options Playbook Radio 187: Huddle Up

Mark and Brian are back to answer listener questions. In particular: Question from Ariell - Why should I ever buy puts? I can use a stop order in the stock for free and then put that extra capital to work in my trading account. By my math using stops...
Posted December 14th, 2017

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

  • Question from Ariell - Why should I ever buy puts? I can use a stop order in the stock for free and then put that extra capital to work in my trading account. By my math using stops instead of puts can boost your account 5-10% per year. That?s a lot of cheese.
  • Question from The Financial Grynch? - Do you REALLY reckon long options is profitable?
  • Question from Lonesome - Could you explain Theta and how it helps/hurts options traders? Should anyone ever buy OTM options?
  • Question from Tom Matt - What happened to minis? Are they ever coming back?

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, December 14, 2017

Options news you can use for Thursday, December 14, 2017
Posted December 14th, 2017

Options news you can use for Thursday, December 14, 2017


Options News Rundown: Wednesday, December 13, 2017

Options news you can use for Wednesday, December 13, 2017
Posted December 13th, 2017

Options news you can use for Wednesday, December 13, 2017


Option Block 676: Everyone Has Bitcoin Fever

Trading Block: We are living in the Bitcoin futures world. At 5:00 pm CT on Sunday, XBT futures opened at $15,000 and 890 contracts were traded by 7:15 pm. Total volume Sunday overnight was a reported 3,001 contracts, with nearly 20 trading firms...
Posted December 12th, 2017

Trading Block: We are living in the Bitcoin futures world. At 5:00 pm CT on Sunday, XBT futures opened at $15,000 and 890 contracts were traded by 7:15 pm. Total volume Sunday overnight was a reported 3,001 contracts, with nearly 20 trading firms actively participating.

Apparently Bitcoin is destroying the world.

Options Question of the Week: Everyone's caught Bitcoin fever these days. The first "real" futures launched today on CBOE. Our question is simple - are you going to trade them this week?

  • Heck Yes!
  • Hell No!
  • I already traded them
  • Sticking w/Coinbase et al

Odd Block: More Jan 2019 50 "catastrophe" puts in Tesla Motors Inc. (TSLA). Put-palooza in GameStop Corp. (GME). Call love in Nucor Corporation (NUE). Cheapie call roll in Glu Mobile Inc. (GLUU).

Mail Block: Last week's option question of the week

The war for Bitcoin derivatives is heating up again. CME Group is launching futures on 12/18. CBOE just announced a 12/10 launch date. Not enough? Nasdaq also announced futures with a planned Q2 2018 launch. With so many choices-How will you trade Bitcoin in 2018?

  • 50% - CBOE Futures 12/10
  • 28% - CME Futures 12/18
  • 3% - Nasdaq Futures Q2 2018
  • 19% - "Old School" Bitcoin

Listener questions and comments:

  • Question from WillyCat9 - Hi Mark great show keep up the good work! I am used to a diagonal call spread being buying a longer term call with lower strike while selling a shorter term call with higher strike, much like a covered call. However, the TOS platform option scanner often generate a diagonal spread with buying shorter long call while selling the longer term. Can you explain the difference between the two? Why is the TOS identifying selling the longer term while buying the shorter term as high probability trade? I want to trust the TOS scanning result but it seems kind of risky. Would love to hear your thoughts, Thanks!
  • 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

Around the Block/Economic Reports:

  • Dec 12 - PPI, Treasury Budget
  • Dec 13 - CPI, FOMC Meeting
  • Dec 14 - Jobless Claims. Retail Sales
  • Dec 15 - Industrial Production

Options News Rundown: Tuesday, December 12, 2017

Options news you can use for Tuesday, December 12, 2017
Posted December 12th, 2017

Options news you can use for Tuesday, December 12, 2017


This Week in Futures Options 81: What Is the Biggest Options with the Retail Crowd?

Topics this week include: Crude Gold Winners: Soybean Meal, Class 3 Milk Losers: Nat Gas, Oats Futures Options Feedback: Options question of the week The war for Bitcoin derivatives is heating up again. CME Group is launching #futures on 12/18. CBOE...
Posted December 11th, 2017

Topics this week include:

  • Crude
  • Gold
  • Winners: Soybean Meal, Class 3 Milk
  • Losers: Nat Gas, Oats

Futures Options Feedback: Options question of the week

The war for Bitcoin derivatives is heating up again. CME Group is launching #futures on 12/18. CBOE just announced a 12/10 launch date. Not enough? Nasdaq also announced futures with a planned Q2 2018 launch. With so many choices-How will you trade Bitcoin in 2018?

  • CBOE Futures 12/10
  • CME Futures 12/18
  • Nasdaq Futures Q2 2018
  • "Old School" Bitcoin

Listener questions and comments:

  • Comment from Mark Clyde Brant?: Who is listing options first? Probably CBOE!
  • Many thx to Nick @QuikStrike1 for the heads up about miners bitcoin recycling and selling calls thereby dampening call skew! Keep the inside BTC skinny coming!
  • Question from Chilic - Love the TWIFO. Good info. Back to collars - do you guys think bitcoin will be as favorable to collars as other commodities like precious metals?
  • Comment from JonasGrumble - Last night, my 19yr old daughter texted me "Have you invested in #Bitcoin yet?" I think we are near a top. Can you say #Shoeshinegirl?
  • Question from B98 - I know straddle runs are big thing in the indexes. Don't hear them used much in the ags or metals though. Why's that?
  • Question from Baspin - Is gold still the leading candidate for you guys when you're lining up collar trades?
  • Question from JacksonTill - What's the biggest #option with retail crowd? WTI? Emini? Gold? Something else?

Volatility Views 284: Is Bitcoin Going to the Moon...or Higher?

Volatility Review: This week we are featuring guest co-host Bill Valentine of Valentine Ventures. The numbers: VIX Cash, VVIX - 96, CBOE Skew Index ? 131 VIX Options: ADV - 758k, VIX call/put: 3.6, Total 12.7m (9.95m Calls, 2.79m Puts) Bitcoin...
Posted December 11th, 2017

Volatility Review: This week we are featuring guest co-host Bill Valentine of Valentine Ventures.

The numbers:

  • VIX Cash, VVIX - 96, CBOE Skew Index ? 131
  • VIX Options: ADV - 758k, VIX call/put: 3.6, Total 12.7m (9.95m Calls, 2.79m Puts)
  • Bitcoin launching on 12/10.
  • Question from Tortega - Not a vol question, but what's the deal with the Bitcoin futures and the Gemini index they are based on?

Volatility Voicemail: Options question of the week

The war for #Bitcoin #Derivatives is heating up again. CME Group is launching futures on 12/18. CBOE just announced a 12/10 launch date. Not enough? Nasdaq also announced futures w/ for a planned Q2 2018 launch. With so many choices-How will you trade #Bitcoin in 2018?

  • 52% - CBOE Futures 12/10
  • 27% - CME Futures 12/18
  • 3% - Nasdaq Futures Q2 2018
  • 18% - "Old School" Bitcoin

Listener questions and comments:

  • Comment from Mark Clyde Brant - Who is listing options first? Probably CBOE! But Chicago is taking control of BTC exactly as Al Capone took control of booze distribution. He taught the city well!
  • Question from NomNom - I was excited about #bitcoin but this is giving me pause.

Crystal Ball: Wild and reckless prognostication.

Last week:

  • Mark L. - 10.25
  • Mark S. - 11.25
  • Russell - 42.5

This week:

  • Mark L.- 9.75
  • Mark S. - 9.15
  • Bill - 10.0
  • Ghost of Russell - 35

Options News Rundown: Monday, December 11, 2017

Options news you can use for Monday, December 11, 2017
Posted December 11th, 2017

Options news you can use for Monday, December 11, 2017


Option Block 675: Talking Skew, VIX, TSLA, Bitcoin, Taxes and More

Trading Block: Someone has the gall to downgrade Tesla, but the stock still rallies. OCC Cleared contract volume increased 1% in November. It was the highest November ever for options volume. Odd Block: Jan 2019 50 "Catastrophe" puts in Tesla Motors...
Posted December 8th, 2017

Trading Block: Someone has the gall to downgrade Tesla, but the stock still rallies. OCC Cleared contract volume increased 1% in November. It was the highest November ever for options volume.

Odd Block: Jan 2019 50 "Catastrophe" puts in Tesla Motors Inc. (TSLA) Paper doubling down in (JBLU). Calls trade in Union Pacific Corp (UNP). Puts trade in Amgen, Inc. (AMGN).

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

Mail Block: Options question of the week.

The war for Bitcoin Derivatives is heating up again. CME Group is launching futures on 12/18. CBOE just announced a 12/10 launch date. Not enough? Nasdaq also announced futures w/ for a planned Q2 2018 launch. With so many choices-How will you trade Bitcoin in 2018?

  • CBOE Futures 12/10
  • CME Futures 12/18
  • Nasdaq Futures Q2 2018
  • "Old School" Bitcoin

Listener Question:

  • Question from Scott Somer -How would movement to treat capital gains to FIFO for the underlying stocks be good or bad for the options market?

Around the Block/Economic Reports:

  • Dec 7: Jobless Claims
  • Dec 8: Unemployment, Consumer Sentiment

Options News Rundown: Friday, December 8, 2017

Options news you can use for Friday, December 8, 2017
Posted December 8th, 2017

Options news you can use for Friday, December 8, 2017


Options Bootcamp 71: Protecting Your Gains Using Options

Basic Training: A Review of How to Protect Your Profits Easiest method: Buy a 2-3 month put ATM or slightly an OTM put. Protect just those gains. What do you do if you have a broad portfolio? Hedging Rule of Thumb. Expect to spend about 2% of your...
Posted December 7th, 2017

Basic Training: A Review of How to Protect Your Profits

  • Easiest method: Buy a 2-3 month put ATM or slightly an OTM put. Protect just those gains.
  • What do you do if you have a broad portfolio?
  • Hedging Rule of Thumb. Expect to spend about 2% of your portfolio for effective 3-6 month protection.
  • How do you reduce the cost of protection?
  • Buy a spread instead of an outright put, set up a collar, or set up a collar with a kicker.

Mail Call: It's time for listener questions

  • Question from Ariell - Why should I ever buy puts? I can use a stop order in the stock for free and then put that extra capital to work in my trading account. By my math using stops instead of puts can boost your account 5-10% per year. That's a lot of cheese.
  • Question from S_Warz - Do you trade options through dark pools
  • Question from Thankfulness - Do you have dark pool access?
  • Comment from H. Schwartz? - Who said option traders don't celebrate holidays!
  • Question from L. Penguin - I have a question for the Options Bootcamp. I'm a new options trader and I want to buy a LEAP call because 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.

Options Playbook Radio 186: Broadcomm Skip-Strike Butterfly

In this episode, we revisit an old favorite: the skip-strike butterfly. You can find more on page 108 ofThe Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Specifically: Broadcomm announces...
Posted December 7th, 2017

In this episode, we revisit an old favorite: the skip-strike butterfly. You can find more on page 108 ofThe Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition.

Specifically:

  • Broadcomm announces earnings soon, and has been very volatile lately
  • Why a skip-strike butterfly?
  • What is the outlook?
  • Selecting strikes
  • What is the cost?
  • What about the maximum gain? Loss?

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, December 6, 2017

Options news you can use for Wednesday, December 6, 2017
Posted December 6th, 2017

Options news you can use for Wednesday, December 6, 2017


Option Block 674: Bitcoin Battles and Long Options Debate

Trading Block: GOP tax plan passes the Senate. CBOE Plans December 10 Launch of Bitcoin Futures Trading Odd Block: Size OTM call paper in Plains GP Holdings LP (PAGP). Funky ratio verticals/stupid in Him Technologies Inc. (HIMX). Weird backwards...
Posted December 5th, 2017

Trading Block: GOP tax plan passes the Senate. CBOE Plans December 10 Launch of Bitcoin Futures Trading

Odd Block: Size OTM call paper in Plains GP Holdings LP (PAGP). Funky ratio verticals/stupid in Him Technologies Inc. (HIMX). Weird backwards post-earnings roll in L Brands Inc. (LB).

Mail Block: Options question of the week

The war for Bitcoin Derivatives is heating up w/ both CME Group and CBOE jumping into the fray. How do you think you'll be trading Bitcoin in 2018?

  • CME BRR Futures
  • CBOE Gemini Futures
  • Stick w/ Regular Bitcoin
  • Still don't trust Crypto

Listeners weigh in:

  • Question from The Financial Grynch - Do you REALLY reckon long options is profitable?

Around The Block/ Economic Reports:

  • Dec 4: Factory Orders
  • Dec 5: International Trade
  • Dec 6: Productivity Costs
  • Dec 7: Jobless Claims
  • Dec 8: Unemployment, Consumer Sentiment

Options News Rundown: Tuesday, December 5, 2017

Options news you can use for Tuesday, December 5, 2017
Posted December 5th, 2017

Options news you can use for Tuesday, December 5, 2017


This Week in Futures Options 80: Can OPEC Bring Back Crude Volatility

Today's CME hot seat guest is Matt Bradbard from RCM ALTS. Topics this week include: Crude Oil WTI Gold Winners - Iron Ore, Nat Gas Losers - Silver, Copper Futures Options Feedback Question from Lil Nic - Updates on CME #bitcoin futures? Question...
Posted December 4th, 2017

Today's CME hot seat guest is Matt Bradbard from RCM ALTS.

Topics this week include:

  • Crude Oil
  • WTI
  • Gold
  • Winners - Iron Ore, Nat Gas
  • Losers - Silver, Copper

Futures Options Feedback

  • Question from Lil Nic - Updates on CME #bitcoin futures?
  • Question from Nick - Update on your covered put spread from 11/10?

OICs Wide World of Options 43: Earning Announcements and Options Growth

WWoO 43: Earning Announcements and Options Growth Bill Ryan of NYSE joins OICs Joe Burgoyne to chat about how earnings announcements can impact your options portfolio. Then, on Profiles & Perspectives, Nasdaqs Jill Malandrino discusses her...
Posted December 4th, 2017

WWoO 43: Earning Announcements and Options Growth

Bill Ryan of NYSE joins OICs Joe Burgoyne to chat about how earnings announcements can impact your options portfolio. Then, on Profiles & Perspectives, Nasdaqs Jill Malandrino discusses her thoughts on historically low volatility and the potential for listed options market growth.


Options News Rundown: Monday, December 4, 2017

Options news you can use for Monday, December 4, 2017
Posted December 4th, 2017

Options news you can use for Monday, December 4, 2017


Option Block 673: TSLA, XRT, CZR, Olive Garden Babies and More

Trading Block: Dow sets new record by hitting 24,000 and SPX hits 2,657. This was the fifth 1,000-point milestone for the Dow this year, first hitting 20,000 on Jan. 25. The market is still in rally mode, awaiting tax deal. North Korea unable to spook...
Posted December 1st, 2017

Trading Block: Dow sets new record by hitting 24,000 and SPX hits 2,657. This was the fifth 1,000-point milestone for the Dow this year, first hitting 20,000 on Jan. 25. The market is still in rally mode, awaiting tax deal. North Korea unable to spook the market.

  • Question from Henry Gannett - Is $VIX way up today due to call buying/pricing? It's at 11.70 right now, instead of maybe 9.0 at other, recent SPX all-time highs. The VIX is umbrage-ing me right now!

Odd Block: More Jan 2019 50 "Catastrophe" puts on the tape yesterday - OI breaks 30k. Funky ratio risk reversal in SPDR S&P Retail ETF (XRT). Put spread vs. near-term calls in Aetna Inc. (AET). Near-term Dec call love in Caesars Entertainment Corp. (CZR).

Strategy Block: Uncle Mike Tosaw discusses buying front month OTM calls and the power of gamma.

Mail Block: Listeners weigh in

Options question of the week: SPY always dominates the options volume charts. But what do you think people are actually trading in SPY? Take a guess at the Top OI position in SPY right now. No cheating (or checking with your broker) - use your grey matter & your "gut" to pick the right one.

  • Jan 262 Call
  • Dec 2019 150 Put
  • Dec 280 Call
  • Jan 240 Put

Questions and comments:

  • Comment from FContangotrader - @OptionPit @Options @OptionVol The best way to show off your Italian heritage :) gluten free. RE: Couple names first child after Olive Garden.
  • Question from Real Yute - I see that every strike have its own bid and ask prices, with different volatility. Now my question is.....can options be day trade....are scalped just like with stocks...? Are is volatility only move few times maybe a month....are from the options market open....the prices for options (strikes) will start to change just like how its changing in the stock market....?

Around the Block/ Economic Reports this Week:

  • Nov 30: Jobless Claims, Personal Income
  • Dec 1: Construction Spending

Options News Rundown: Friday, December 1, 2017

Options news you can use for Friday, December 1, 2017
Posted December 1st, 2017

Options news you can use for Friday, December 1, 2017


Options Playbook Radio 185: Trading into the End of the Year with AAPL Covered Calls

In this episode, Brian explores covered calls to get out of positions before the end of the year.You can find more on page 134 of The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Specifically: ...
Posted November 30th, 2017

In this episode, Brian explores covered calls to get out of positions before the end of the year.You can find more on page 134 of The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition.

Specifically:

  • If you need to thin out your portfolio before the end of the year, consider covered calls
  • Looking at AAPL
  • Selecting an expiration
  • Selecting strikes
  • What is the cost?
  • What do we want to happen?
  • An alternative strategy
  • What is the moral to the story?

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, November 30, 2017

Options news you can use for Thursday, November 30, 2017
Posted November 30th, 2017

Options news you can use for Thursday, November 30, 2017


Options News Rundown: Wednesday, November 29, 2017

Options news you can use for Wednesday, November 29, 2017
Posted November 29th, 2017

Options news you can use for Wednesday, November 29, 2017


Options News Rundown: Tuesday, November 28, 2017

Options news you can use for Tuesday, November 28, 2017
Posted November 28th, 2017

Options news you can use for Tuesday, November 28, 2017


Options Bootcamp 70: Mistakes to Avoid When Trading Options

In this episode, Mark, Dan Passarelli and Jill Malandrino take on listener questions. Options Drills: Today's topic was inspired by this listener question: Question from MarkLitwin: How do you lose money in options in the most effective way? Don't by...
Posted November 28th, 2017

In this episode, Mark, Dan Passarelli and Jill Malandrino take on listener questions.

Options Drills: Today's topic was inspired by this listener question:

Question from MarkLitwin: How do you lose money in options in the most effective way?

  • Don't by ATM straddles
  • Don't load up on far OTM options because they're cheap
  • Don't trade earnings
  • Be careful with trading weeklies
  • Watch out when selling options going into weekends or holidays

Mail Call: Listeners take over

  • Question from ejh4isu: IF I buy/sell a vertical on SPX (or any equity stock for that matter) and hold until expiration, and SPX settles between the strikes, what happens? Example: sell 2395/2400 and SPX settles at 2397.
  • Question from Darqane: Assigned on short SPX puts means getting long the underlying? But how does that work if it's cash settled?
  • Question from Lesnod: How do you get out of the straddles? One side of a straddle is always a loss correct?
  • Question from Bobster: Can you trade options outside of U.S. trading hours?
  • Question from ejh4isu: Let's say you're short naked a bunch of puts and the trade goes against you, and you don't have the money to pony up? What can your broker do?
  • Question from BULZEYE7: Are options worth it for day-traders? Or just for swing-traders?

The Option Block Episode 672: Comfortably Craptastic

Comfortably Craptastic
Posted November 27th, 2017

The Trading Block: SQ and QCOM dominating the options charts today. Looks like QCOM activity is actually a dividend play. Light on earnings this week. Goldman execs cash out decade-old options just days before they expire.

The Odd Block: TSLA tracker; Weird house-money put roll in WDC; Tons of Dec 26 puts in DKS; Size near-term call love in NEM.

The Mail Block: Options question of the week

SPY always dominates the #options volume charts. But what do you think people are actually trading in SPY? Take a guess at the top OI position in SPY right now. No cheating (or checking with your broker) - use your grey matter and your "gut" to pick the right one.

  • Jan 262 call
  • Dec 2019 150 put
  • Dec 280 call
  • Jan 240 put

Listener questions and comments

  • Question from PBiggers?: how will the market react if the tax bill fails to pass in the senate on Thursday? Bullish, modest correction or major correction?
  • Comment from Robert Baker: in response to your questions regarding TSLA catastrophe puts Jan 19 $50; I believe that they are insurance policies for model 3 depositors to recover their $5000 deposit in the event that Tesla goes bankrupt. After all, it's the cheapest form of insurance because the $50 put will be worth $5000 if TSLA goes to zero. Keep up with your show - it's fun.

Options Insider Radio Interviews: Exploring the Irrelevant VIX with OptionMetrics

In this episode, Mark is joined by David Hait, founder of OptionMetrics, LLC. They discuss: Is VIX irrelevant? The Pros and Cons of VIX, the Market's Fear Gauge Are the answers lurking in the VIX futures term structure? What would an ideal VIX look...
Posted November 27th, 2017

In this episode, Mark is joined by David Hait, founder of OptionMetrics, LLC.

They discuss:

  • Is VIX irrelevant? The Pros and Cons of VIX, the Market's Fear Gauge
  • Are the answers lurking in the VIX futures term structure?
  • What would an ideal VIX look like?
  • Single name volatility products?
  • Skew analysis and volatility
  • Findings and takeaways from ORC 2017
  • ?The Risk Premium That Never Was: A Fair Value Explanation of the Volatility Spread?
  • Thoughts on Bitcoin
  • And more

Options News Rundown: Monday, November 27, 2017

Options news you can use for Monday, November 27, 2017
Posted November 27th, 2017

Options news you can use for Monday, November 27, 2017


Options Insider Radio Interviews: New Contract Tackles Volatile Freight Markets

In this episode, Mark is joined by Craig Fuller, CEO of TransRisk and Paul Cusenza, Chairman and CEO of the Nodal Exchange. They discuss: Their backgrounds and how they came to finance What is TransRisk? What is the Nodal Exchange? How do they work...
Posted November 24th, 2017

In this episode, Mark is joined by Craig Fuller, CEO of TransRisk and Paul Cusenza, Chairman and CEO of the Nodal Exchange.

They discuss:

  • Their backgrounds and how they came to finance
  • What is TransRisk? What is the Nodal Exchange?
  • How do they work together?
  • What are trucking freight futures?
  • Similarities to the energy markets
  • How will the contracts settle?
  • Portfolio margining
  • What is the timing for releasing these futures?
  • What has the early response been?
  • Nodal's first foray into the options market
  • And more...

Best of Option Block

We are not letting the Thanksgiving holiday get in the way of you getting your Option Block fix on.
Posted November 24th, 2017

We are not letting the Thanksgiving holiday get in the way of you getting your Option Block fix on.


Best of Volatility Views

Black Friday should not keep you from enjoying your favorite volatility podcast.
Posted November 24th, 2017

Black Friday should not keep you from enjoying your favorite volatility podcast.


Best of This Week in Futures Options

While you're in line for your Black Friday deals, why not check out the best of This Week in Futures Options?
Posted November 24th, 2017

While you're in line for your Black Friday deals, why not check out the best of This Week in Futures Options?


Options News Rundown: Friday, November 24, 2017

Options news you can use for Friday, November 24, 2017
Posted November 24th, 2017

Options news you can use for Friday, November 24, 2017


Best of Options Playbook Radio: Listener Questions

For your listening pleasure, we bring you an all-listener question episode of Options Playbook Radio.
Posted November 23rd, 2017

For your listening pleasure, we bring you an all-listener question episode of Options Playbook Radio.


Advisors Option 61: Exploring Volatility in the Age of Trump

Tricks of the Trade: What is the Fitness Function? How can an option-oriented advisor/asset manager use this? The Buzz OCC Cleared contract volume up 20% in October. Big names outperforming during earnings season. How to approach trading into an...
Posted November 22nd, 2017

Tricks of the Trade:

  • What is the Fitness Function?
  • How can an option-oriented advisor/asset manager use this?

The Buzz

Office Hours: Listeners have their say

  • Comment from Don - Guys, If I live to be 100, I will never, ever, understand utter gibberish such as this article. All the technical analysis, all the pseudo-science, charting, etc., all to reach what conclusion? In essence, that the market is due for a correction and is going to tank! Why use VIX for that? Does he want any sane, rational human being to conclude that VIX has a mind of its own and is going to explode all by itself, and THEN, a market correction will ensue?? Now, don't get me wrong: we could certainly have a massive market correction at any time. But, it is beyond asinine to imply that what will set it off will be a huge rally in the VIX. The entire investment public is made up of 99% horses' asses. And garbage like this article doesn't help. Don.

Options question of the week: Bitcoin just blew past $100B in "market cap." If options were available how would you trade them?

  • Buy Calls/Call Spreads
  • Buy Puts/Put Spreads
  • Sell Covered Calls
  • Other/Hate #Crypto

Options News Rundown: Wednesday, November 22, 2017

Options news you can use for Wednesday, November 22, 2017
Posted November 22nd, 2017

Options news you can use for Wednesday, November 22, 2017


OICs Wide World of Options 42: Panel - Your Key to Understanding Options: A Discussion with the Pros

WWoO 42: Panel - Your Key to Understanding Options: A Discussion with the Pros Take a deep dive into basic options concepts with a panel of experienced professionals, including Joe Burgoyne from The Options Industry Council as well as Peter...
Posted November 22nd, 2017

WWoO 42: Panel - Your Key to Understanding Options: A Discussion with the Pros

Take a deep dive into basic options concepts with a panel of experienced professionals, including Joe Burgoyne from The Options Industry Council as well as Peter Lusk, a senior instructor for The Options Institute at CBOE, that will engage in a lively discussion that will challenge new traders to better understand how options fit into a modern trading strategy.

In this rebroadcast OICs webinar panel takes a deep dive into basic options concepts with a panel of experienced professionals that will help you understand how options fit into bullish, bearish and sideways market situations.


Option Block 670: Thanksgiving Listener Question Palooza

Mail Block: It's all listener questions and comments today Options question of the week: The war for Bitcoin Derivatives is heating up w/ both CME Group and CBOE jumping into the fray. How do you think you'll be trading Bitcoin in 2018? CME BRR...
Posted November 21st, 2017

Mail Block: It's all listener questions and comments today

Options question of the week: The war for Bitcoin Derivatives is heating up w/ both CME Group and CBOE jumping into the fray. How do you think you'll be trading Bitcoin in 2018?

  • CME BRR Futures
  • CBOE Gemini Futures
  • Stick w/ Regular Bitcoin
  • Still don't trust Crypto

Questions and Comments:

  • Question from Nikbak - When do you think we'll have #bitcoin options?
  • Question from Scott Somer - Another question I would like to see is - Do you think that Nasdaq PHLX will have the most volume on a given trading day over CBOE as the leading medallion.
  • Question from MarkLitwin: Thank you for your time and explanation! Appreciate! I was thinking of using options leverage with a limited risk of losing premium by buying an option long enough to cover a span between earnings and the one which is already In the Money with the Delta of 1 and selling that option just before the next ER. Would you comment on that idea please!
  • Question from Albert Deckel - Two questions: While I understand how to convert a "Delta" into meaning, I really don't understand what consists of a "high" vs. "low" Gamma, Theta or Vega. For example, when is theta so high that it makes the purchase of a contract dubious, or Vega so high that it makes the purchase of an OTM contract desirable? Also, if I were to write an ITM put, what combination of Delta, Gamma, Theta or Vega am I looking for? Thanks so much!! Al
  • Question from USA Patriot - What is ADV??
  • Comment from Charlie T. - Not really an options guy. I don't need the headache of yet another unknown element aka time. It's hard enough just picking my stocks, deciding price points, exit points, etc.
  • Question from L Penguin - I'm a new options trader and I want to buy a LEAP call because 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.

Options News Rundown: Tuesday, November 21, 2017

Options news you can use for Tuesday, November 21, 2017.
Posted November 21st, 2017

Options news you can use for Tuesday, November 21, 2017.


Options Bootcamp 69: Simple Options Tips for Stock Traders

Mark, Dan, and Jill were all in the Options Insider studio to record this session. Eduuation, and hilarity, ensued. Options Drills: What are options trading ideas that an active stock trader can use in their portfolio? Getting paid to take on risk,...
Posted November 20th, 2017

Mark, Dan, and Jill were all in the Options Insider studio to record this session. Eduuation, and hilarity, ensued.

Options Drills: What are options trading ideas that an active stock trader can use in their portfolio?

  • Getting paid to take on risk, cash-secured put
  • The wheel trade
  • Stock replacement strategy; what about using LEAPS?
  • Using a diagonal spread to generate income

Mail Call: Fall in for listener questions and comments

  • Question from Tiim: Why isn't it standard or maybe required to let people close out shorts for free below $.10?
  • Question from USA Patriot: What is ADV??
  • Question from Richard D: Are there any trades that if you did not have to pay brokerage fees would be excellent types of trades? I recently have been given the opportunity to trade options and equities for a near zero trading costs for about a year. I had in the past found some multi-leg spreads or underlyings with a really low prices unworkable because the trading costs made the potential gains or expected value too low. Thank you for your time and for the great shows you consistently point out! Best, Richard
  • Question from Ascentaa: What can happen to the current options being held of KITE which is acquired by GILD and is being delisted?
  • Question from Yieldhawk: What is the biggest size one could buy in options? If one had a long position of $1B and want to hedge w $10 million worth is that ok?
  • Question from Lonesome: Could you explain Theta and how it helps/hurts options traders? Should anyone ever buy OTM options?
  • Question from Butcherboyz: What options trading strategy would you say is best suited to people with absolutely zero knowledge of options? Thanks.

This Week in Futures Options 79: Crude and Nat Gas Options Breakdown

This week we are featuring special guest Jeff White, Executive Director of Energy Products. Topics this week include: WTI Options Crude Oil Nat. Gas Winners - Rough Rice, Corn Losers - Lean Hogs, Lumber Futures Options Feedback: Listener Questions...
Posted November 20th, 2017

This week we are featuring special guest Jeff White, Executive Director of Energy Products.

Topics this week include:

  • WTI Options
  • Crude Oil
  • Nat. Gas
  • Winners - Rough Rice, Corn
  • Losers - Lean Hogs, Lumber

Futures Options Feedback: Listener Questions and Comments

  • Question from Last J - Hello Mark, Nice and guest - Loving the podcast. I'm new to Crude, and I'm trying to wrap my head around WTI. You said WTI 6-mo calendar spread went backward for the first time in 3 years. So does that mean it's usually in contango? Is there a good way to trade this reversion? Also, where is the spread quoted? Can I trade it on most major platforms?

Volatility Views 282: FINRA VXX Smackdown, Plus VIX Stupids

Volatility Review: A look back at the week from a volatility perspective The numbers: VIX Cash - Back above 12, briefly Bitcoin vs. VIX - What Has Been More Volatile in 2017? VVIX - 100.15 CBOE Skew Index - 136 Russell's Weekly Rundown VIX Options:...
Posted November 20th, 2017

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

The numbers:

  • VIX Cash - Back above 12, briefly
  • Bitcoin vs. VIX - What Has Been More Volatile in 2017?
  • VVIX - 100.15
  • CBOE Skew Index - 136

Russell's Weekly Rundown

  • VIX Options: ADV - 739k, VIX Call/Put - 3.7, Total 9.69m (7.64m Calls, 2.05m Puts)
  • FINRA Orders Wells Fargo to Pay $3.4M over Volatility-Linked ETPs

Volatility Voicemail: Stream of consciousness questions and comments

  • Question from Andrew Giovinazzi? - Why is the rock lobster so handsome?
  • Comment from David - $VXX is clearly the worst ETF. It has destroyed pretty much all of the value invested in it since inception. Or does that make it the best if you're short?
  • Comment from OphirGottlieb - $VIX hello, friend. I've missed you. You appear to want to stay this time. @Options @RussellRhoads
  • Comment from SaqibReports - Shhh. You will scare it away!
  • Question from Lonesome - Could you tell us the process of how options market makers mitigate risk/remain delta neutral?

Crystal Ball: Wild and reckless prognostication.

Last week:

  • Mark L. - 9.65
  • Mark S. - 9.99
  • Russell - 9.15

This week:

  • Mark L. - 9.75
  • Mark S. - 9.99
  • Russell - 10.59

Options News Rundown: Monday, November 20, 2017

Options news you can use for Monday, November 20, 2017.
Posted November 20th, 2017

Options news you can use for Monday, November 20, 2017.


Option Block 669: Breaking Down the Binaries

Trading Block: Featuring special guest Dan Cook from NADEX. What are the uses for binary options? Binaries as a way to trade options. VIX coming back to life. House passes tax reform, will congress unify behind a single plan? Uncle Mike speculates on...
Posted November 17th, 2017

Trading Block: Featuring special guest Dan Cook from NADEX.

What are the uses for binary options? Binaries as a way to trade options. VIX coming back to life. House passes tax reform, will congress unify behind a single plan? Uncle Mike speculates on winter weather and resulting oil demand. There is still earnings on the horizon, including: AMAT, GAP and WMT after the bell today.

Odd Block: More TSLA 50 ?Catastrophe? puts. Put-palooza in Time Warner Inc. (TWX). Funky far OTM outs in Restoration Hardward (RH). Call vertical/roll in Dicks Sporting Goods Inc.DKS.

Strategy Block: Dan Cook discusses binary options.

Mail Block: Options question of the week

The war for #Bitcoin #Derivatives is heating up w/ both @cmegroup and @cboe jumping into the fray. How do you think you'll be trading #Bitcoin in 2018?

  • CME BRR Futures
  • CBOE Gemini Futures
  • Stick w/ Regular #Bitcoin
  • Still don't trust #Crypto

Listners weigh in:

  • Question from JLC8 - What is shortest term option available? Is it equity or commodity?

Around the Block: After-the-close earnings update. Will option vol come down? Are people going to take the money and run?


Options News Rundown: Friday, November 17, 2017

Options news you can use for Friday, November 17, 2017
Posted November 17th, 2017

Options news you can use for Friday, November 17, 2017


Options Insider Radio Interviews: Talking Options, Millennials, and Crypto with StockTwits

In this episode, Mark is joined by Ian Rosen, CEO of StockTwits. They discuss: Ian's history in the financial services industry What is Stocktober Fest? What's new from StockTwits? Demographics of StockTwits users Flattening the onramp to investing...
Posted November 16th, 2017

In this episode, Mark is joined by Ian Rosen, CEO of StockTwits.

They discuss:

  • Ian's history in the financial services industry
  • What is Stocktober Fest?
  • What's new from StockTwits?
  • Demographics of StockTwits users
  • Flattening the onramp to investing
  • What percentage of users are active options traders?
  • How many people are discussing crypto?
  • Bringing in new options traders
  • StockTwits users level of interest in crypto

Options Playbook Radio 184: AAPL Covered Call

The holiday season brings to mind covered calls. In this episode, Brian covers: Last week's trade in DIS What did we want to happen? What DID happen? Avoidint the stupid award The holidays are coming, that means shortened trading weeks It might be a...
Posted November 16th, 2017

The holiday season brings to mind covered calls.

In this episode, Brian covers:

  • Last week's trade in DIS
  • What did we want to happen?
  • What DID happen?
  • Avoidint the stupid award
  • The holidays are coming, that means shortened trading weeks
  • It might be a good time to trade covered calls
  • Getting "free" time decay with holidays
  • Where is AAPL?
  • Selecting strikes
  • And more...

Options News Rundown: Thursday, November 16, 2017

Options news you can use for Thursday, November 16, 2017
Posted November 16th, 2017

Options news you can use for Thursday, November 16, 2017


Options News Rundown: Wednesday, November 15, 2017

Options news you can use for Wednesday, November 15, 2017
Posted November 15th, 2017

Options news you can use for Wednesday, November 15, 2017


Option Block 668: AMZN Loves Hobbits, and Your Questions

Trading Block: Earnings! Are we heading for more carnage? Putin says he didn't do anything to the election. GE gets smoked. Amazon up over 1% thanks to Lord of the Rings. Odd Block: Catastrophe puts in Tesla Motors Inc. (TSLA). Size put roll in...
Posted November 14th, 2017

Trading Block: Earnings! Are we heading for more carnage? Putin says he didn't do anything to the election. GE gets smoked. Amazon up over 1% thanks to Lord of the Rings.

Odd Block: Catastrophe puts in Tesla Motors Inc. (TSLA). Size put roll in (SEAS). Put-palooza in Square.

Mail Block: Options question of the week

The war for Bitcoin derivatives is heating up w/ both CMEGroup and CBOE jumping into the fray. How do you think you'll be trading #Bitcoin in 2018?

  • CME BRR Futures
  • CBOE Gemini Futures
  • Stick w/ Regular #Bitcoin
  • Still don't trust #Crypto

Listnener Questions: What's on your mind?

  • Question from Nikster1001 - I am new to options trading and have been following you for three weeks now...thanks for all your insights...I am still holding NVDA calls for end of this week...any update on NVDA?

Around the Block: Earnings! WMT, DKS, BBY, and more.Uncle Mike is looking at oil and financials. Sebas is wondering what will happen on Tuesday.


Options News Rundown: Tuesday, November 14, 2017

Options news you can use for Tuesday, November 14, 2017
Posted November 14th, 2017

Options news you can use for Tuesday, November 14, 2017


This Week in Futures Options 77: The Great Bitcoin Bonanza

Bitcoin Madness Strikes the Audience #TWIFO Question of the week: Which options product do you want us to discuss live this Friday 1:30pm CT? Natural Gas Russell 2000 WTI Crude Oil Or...Bitcoin What Is Bitcoin Reference Rate? The CME CF Bitcoin...
Posted November 13th, 2017

Bitcoin Madness Strikes the Audience

#TWIFO Question of the week: Which options product do you want us to discuss live this Friday 1:30pm CT?

  • Natural Gas
  • Russell 2000
  • WTI Crude Oil
  • Or...Bitcoin

What Is Bitcoin Reference Rate?

  • The CME CF Bitcoin Reference Rate (?BRR?) is a daily reference rate Of the U.S. Dollar price of one bitcoin as of 4:00 p.m. London time. It is representative of the bitcoin trading activity on Constituent Exchanges and is geared towards resilience and replicability.
  • METHODOLOGY: Aggregation of trade executions occurring on Constituent Exchanges between 3:00 p.m. and 4:00 p.m. London time
  • All Relevant Transactions are added to a joint list, recording the trade price and size for each transaction. The list is partitioned into 12 equally-sized time intervals of 5 minutes each. For each partition separately, the volume weighted median trade price is calculated from the trade prices and sizes of all Relevant Transactions, i.e. across all Constituent Exchanges. A volume weighted median differs from a standard median in that a weighting factor, in this case trade size, is factored into the calculation. The BRR is then given by the equally-weighted average of the volume-weighted medians of all partitions
  • DISSEMINATION: Once per day, every day of the year including weekends and holidays, between 4:00 p.m. and 4:30p.m. London time

Bitcoin Futures Contract Specs

  • BRR: Currently $6811
  • SIZE: 5 bitcoin, as defined by the CME CF Bitcoin Reference Rate (BRR)
  • Minimum Price Fluctuation: Outright: $5.00 per bitcoin = $25.00 per contract. Calendar Spread and Basis Trade at Index Close (BTIC): $1.00 per bitcoin = $5.00 per contract
  • Position Limits: Spot Position Limits are set at 1,000 contracts. A position accountability level of 5,000 contracts will be applied to positions in single months outside the spot month and in all months combined. The reportable level will be 25 contracts.
  • Price Limits: Special price fluctuation limits equal to 7% above and below prior settlement price and 13% above and below prior settlement price and a price limit of 20% above or below the previous settlement price. Trading will not be permitted outside the 20% above and below prior settlement price.

Could Bitcoin Futures Rein in the Big Price Swings?

  • After CME announced that they would soon be offering Bitcoin futures, the price of the digital currency took a big upward swing. However, CME is of the opinion that futures could actually put a stop to Bitcoin?s synonymous volatility.
  • CME will be putting in place special price fluctuation limits that will help protect investors from the notorious price swings, but these same protections could also help ease the price swings and make the digital currency settle down somewhat.
  • After CME announced that they would soon be offering Bitcoin futures, the price of the digital currency took a big upward swing. However, CME is of the opinion that futures could actually put a stop to Bitcoin?s synonymous volatility.
  • CME will be putting in place special price fluctuation limits that will help protect investors from the notorious price swings, but these same protections could also help ease the price swings and make the digital currency settle down somewhat.
  • Many believe that it is these violent swings that are stopping mass adoption of the digital currency, especially as a currency. If there was a more steady rate, then Bitcoin would be able to stretch more towards being a currency while still holding onto its power as a store of value.

Other topics this week include:

  • Crude
  • Gold

Futures Options Feedback: Listeners have their say

  • Question from Vamp111:Ciao, anyone know when exactly CME Group will launch Bitcoin Futures??
  • Comment from tmal: IMO BTC initially has monster call skew. Bring BTC to the masses.
  • Question from Folfox: Do you prefer iron condor vs. iron butterfly? (I know 1 strategy wont work every time, but what scenario is preferred)
  • Comment from JNL09:Not sure about the bitcoin implied volatility stated on the show last week. I was sure its at least 200.

Volatility Views 280: Tapping the Secret Sources of VIX Info

Volatility Review: A look back at the week from a volatility perspective VIX cash: VIX briefly flirted with 12 VVIX: 98.5 - 7 points higher than last week CBOE SKEW Index: 129 - 8 points higher than last week VXN: 15.04 - .5 points higher than last...
Posted November 13th, 2017

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

  • VIX cash: VIX briefly flirted with 12
  • VVIX: 98.5 - 7 points higher than last week
  • CBOE SKEW Index: 129 - 8 points higher than last week
  • VXN: 15.04 - .5 points higher than last week

Russell's Weekly Rundown:

VIX Options:

  • ADV - 758k
  • Thurs - 1m
  • Weds - 632k
  • Tues - 899k
  • Mon - 442k
  • VIX call/put: 3.8 - Russell is nervous

Hot VIX strikes

  • 710842 .VIX Dec 20th 25.0 C, chg +67163
  • 515136 .VIX Dec 20th 15.0 C, chg -1377
  • 400697 .VIX Nov 15th 20.0 C, chg +5029
  • 372447 .VIX Dec 20th 12.0 P, chg +829
  • 334283 .VIX Nov 15th 21.0 C, chg -5413
  • 308546 .VIX Dec 20th 22.0 C, chg +4167
  • 263899 .VIX Nov 15th 17.0 C, chg +11157
  • 240963 .VIX Dec 20th 20.0 C, chg +7087
  • 226612 .VIX Nov 15th 15.0 C, chg -3270
  • 222571 .VIX Dec 20th 17.0 C, chg +4591
  • Total 12.7m (10.1m Calls, 2.61m Puts)

VXX: 34 - almost unchd from last week

Top VXX positions

  • 114719 VXX Jan19 10.0 P, chg +22
  • 75429 VXX Jan 10.0 P (Nonstd VXX2), no chg
  • 75157 VXX Jan19 5.0 P (Nonstd VXX2), no chg
  • 60900 VXX Jan 5.0 P (Nonstd VXX2), no chg
  • 55450 VXX Jan 5.0 P (Nonstd VXX1), no chg
  • 55150 VXX Mar 24.0 P, chg +408
  • 49560 VXX Jan 7.0 P (Nonstd VXX2), no chg
  • 46458 VXX Nov 38.0 C, chg -1763
  • 43537 VXX Jan 20.0 C (Nonstd VXX2), no chg
  • 43457 VXX Jan 8.0 P (Nonstd VXX2), chg +6
  • Total 3.88m (1.78m Calls, 2.10m Puts)

Volatility Voicemail: Listener questions and comments

Options question of the week: Trading #Options during #Earnings is a coin flip. But you know you love to do it. What's your #Earnings #Options MO?

  • Buy Calls/Call Spreads
  • Buy Puts/Put Spreads
  • Sell Puts/Put Spreads
  • Fly/Iron Fly/ Iron Cond.

Listener questions and comments

  • Comment from TMal: Big options sell firm gain AUM as they do well. They are another "natural seller" of options (weekly and monthly).
  • Question from Chris Thomas: Hey guys. Trading a long calendar on VIX is a bad idea in that what you pay isn't the max loss. It's possible for the closer expiration to experience a larger move than the back month and thus you can lose more than you make? I believe I understand that correctly so my actual question is, is this true for SVXY and VXX? Thanks for imparting your knowledge so us plebeians can learn.
  • Question from Encinoj: Here?s my time strangle trade idea for VIX. Buy 1-2 yr VXX 20% OTM puts and also buy approx. 3 mth. 20% OTM VIX calls.

Crystal Ball: Wild prognostication ensues

Last week:

  • Andrew: 9.99
  • Russell: 8.95
  • Mark L: 9.55

This week:

  • Mark S.: 9.99
  • Russell: 9.15
  • Mark L.: 9.65

Options News Rundown: Monday, November 13, 2017

Options news you can use for Monday, November 13, 2017
Posted November 13th, 2017

Options news you can use for Monday, November 13, 2017


Option Block 667: Return of the Viceroy, Plus DIS and NVDA

Trading Block: The Return of the Viceroy! OCC cleared contract volume up 20% in October. Earnings! Disney - ATM straddle $5, approx. 4.5% NVDA - ATM straddle $16, approx. 8% Odd Block: Put roll in Time Warner Inc. (TWX). Size call love ENSCO PLC...
Posted November 10th, 2017

Trading Block: The Return of the Viceroy! OCC cleared contract volume up 20% in October.

Earnings!

  • Disney - ATM straddle $5, approx. 4.5%
  • NVDA - ATM straddle $16, approx. 8%

Odd Block: Put roll in Time Warner Inc. (TWX). Size call love ENSCO PLC (ESV).

Strategy Block: Uncle Mike Tosaw discusses the pulse of the market.

Mail Block: Options question of the week

Trading #Options during #Earnings is a coin flip. But you know you love to do it. What's your #Earnings #Options MO?

  • 28% - Buy Calls/Call Spreads
  • 5% - Buy Puts/Put Spreads
  • 33% - Sell Puts/Put Spreads
  • 34% - Fly/Iron Fly/ Iron Cond.

Around the Block: Earnings check-in from DIS and NVDA. Uncle Mike is looking for 2600 in S&P. How many tax brackets? Taxes. Taxes. Taxes. High-yield bond charts look ugly.


Options News Rundown: Friday, November 10, 2017

Options news you can use for Friday, November 10, 2017
Posted November 10th, 2017

Options news you can use for Friday, November 10, 2017


Options News Rundown: Thursday, November 9, 2017

Options news you can use for Thursday, November 9, 2017
Posted November 9th, 2017

Options news you can use for Thursday, November 9, 2017


Options Playbook Radio 183: DIS Backspread into Earnings

Since it is still earnings season, it makes sense to capture the movement surrounding earnings announcements. In this case, we are looking at a bullish ratio spread in DIS. In this episode: A recap of what happened with last week's FB position After...
Posted November 9th, 2017

Since it is still earnings season, it makes sense to capture the movement surrounding earnings announcements. In this case, we are looking at a bullish ratio spread in DIS.

In this episode:

  • A recap of what happened with last week's FB position
  • After AMZN, FB looked a little boring
  • DIS reports earnings after the close on Thursday, November 9
  • What is the sentiment on DIS?
  • Looking at the long straddle to figure out pricing
  • Setting up a backspread in DIS
  • Picking the strikes and expirations
  • What is the downside? Upside?
  • What do we want to happen?

Options News Rundown: November 8, 2017

Options news you can use for Wednesday, November 8, 2017
Posted November 8th, 2017

Options news you can use for Wednesday, November 8, 2017


Option Block 666: Earnings Trades, 7 VIX and T-Rexes

Trading Block: Earnings! Monday - Weight Watchers Tuesday - CBOE, Valeant, Snap Inc. Thursday - Nvidia, Macys, Kohl?s Friday - JCPenney Odd Block: Size call love in MRO. Opening calendar/stupid in RSX. Call 1x3 in RCX. Mail Block: So many...
Posted November 7th, 2017

Trading Block: Earnings!

  • Monday - Weight Watchers
  • Tuesday - CBOE, Valeant, Snap Inc.
  • Thursday - Nvidia, Macys, Kohl?s
  • Friday - JCPenney

Odd Block: Size call love in MRO. Opening calendar/stupid in RSX. Call 1x3 in RCX.

Mail Block: So many questions!

Options question of the week: Bitcoin just blew past $100B in "market cap." If #Options were available how would you trade them?

  • 52% - Buy Calls/Call Spreads
  • 18% - Buy Puts/Put Spreads
  • 13% - Sell Covered Calls
  • 17% - Other/Hate #Crypto

Listener questions and comments:

  • Comment from Tony Varriale? - HODL
  • Comment from Contrlkaos - Call broken wing butterflies

ANOTHER Options question of the week:

Earnings is a coin flip. But you know you love to do it. What's your #Earnings #Options MO?

  • Buy Calls/Call Spreads
  • Buy Puts/Put Spreads
  • Sell Puts/Put Spreads
  • Fly/Iron Fly/ Iron Cond.

More comments!

  • Comment from Ophir Gottlieb? - $TSLA oh, if there was after hours option trading @Options
  • Comment from Folfox - Do you prefer iron condor vs. iron butterfly? (I know 1 strategy wont work every time, but what scenario is preferred)
  • Question from ThinkTankTrading - I have a question regarding funds like vxx and this quote from its prospectus...In connection with these limits, the Dodd-Frank Act has required the CFTC to adopt regulations establishing speculative position limits applicable to regulated futures and OTC derivatives and impose aggregate speculative position limits across regulated U.S. futures, OTC positions and certain futures contracts traded on non-U.S. exchanges. In December 2016, the CFTC re-proposed rules on position limits with respect to the 25 physical delivery commodity futures and options contracts, as well...What happens with cheap low Vol prices and this position limit, and they can't get the Vol exposure needed to track the benchmark? ...Positive or inverse ETFs?...One will have massive margin lending/ borrowing costs and the other won't be allowed to buy more futures at some point...The second that happens the Nav will be out of wack and become a closed end fund with Arb to Nav opportunities aka the death spiral - would you agree? Or am I missing something - thanks in advance...Asking for a friend hahahah kidding.

Around the Block: RCM webinar on Wednesday, November 8th, 12:00 CST - How to Webinar: Trading Options on Stocks & Futures

Economic Reports this Week:

  • Nov 7 - JOLTS
  • Nov 8 - EIA Petroleum Status Report
  • Nov 9 - Jobless Claims
  • Nov 10 - Consumer Sentiment, Treasury Budget

Options News Rundown: Tuesday, November 7, 2017

Options news you can use for Tuesday, November 7, 2017
Posted November 7th, 2017

Options news you can use for Tuesday, November 7, 2017


Volatility Views 279: FB, AAPL and TSLA Earnings Volatility

Volatility Review: A look back at the week from a volatility perspective. The Numbers: VVIX - 91.5 CBOE Skew Index - 136 VXN - 14.7 Russell's Weekly Rundown VIX Options: ADV - 833k, VIX Call/Put - 3.9, Total 11.7m (9.37m Calls, 2.37m Puts) Earnings...
Posted November 6th, 2017

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

The Numbers:

  • VVIX - 91.5
  • CBOE Skew Index - 136
  • VXN - 14.7

Russell's Weekly Rundown

  • VIX Options: ADV - 833k, VIX Call/Put - 3.9, Total 11.7m (9.37m Calls, 2.37m Puts)
  • Earnings Volatility: Apple, Facebook, Tesla
  • Commodity Volatility: Crude/OIV, Gold/GVZ

Volatility Voicemail: Listener questions and comments

  • Comment from Don S: Ah, if you had called me for the last VV, I would have regaled you with stories from the Morgan Stanley trading desk about Black Monday. But none would have been better than the one of my buddy and colleague, Peter, who in August 1987 decided that the market was overdone and invested $20,000 of his own money in OTM SPX November puts. Those options, which were 1/8 before the crash, went to $50, and his $20,000 turned into 400 times that, or ... wait for it! ... $8 million! Ah, the good ol' days. :-) Don
  • Question from Hawkeye - To ye merry band of Magical Voice, grease laden Meatballs, favorite Uncles, and Lobsters with Tubs of butter: I already get that SVXY, XIV, and other short ETF/ETNs can go bust overnight due to the front 2 futures doubling. What would happen if I held long SVXY puts in an IRA and the fund had to close because the SHTF? How would I exercise them if the fund doesn't trade? I can't cover due to underlying frozen, but I can't exercise without covering because that would put me short in an IRA? Or would they still allow it as an exception? How would it all unwind? Thanks for all you guys keeping me learning, laughing, and most of all, thinking. Your longtime listener - Hawkeye

Crystal Ball: Wild and reckless prognostication.

Last week:

  • Mark L. - 9.65
  • Mark S. - 10.16
  • Ophir - 9.8
  • Ghost of Russell - 38.3

This week:

  • Mark L. - 9.55
  • Andrew - 9.99
  • Russell - 8.95

This Week in Futures Options 76: Talking All Things Crude, Gold, and Bitcoin

Topics this week include: Crude Oil Gold/Metals Wheat/Ags Winners: Live Cattle, RBOB Losers: Rough Rice, Lumber Futures Options Feedback: Options question of the week. Bitcoin just blew past $100B in "market cap." If #Options were available how...
Posted November 6th, 2017

Topics this week include:

  • Crude Oil
  • Gold/Metals
  • Wheat/Ags
  • Winners: Live Cattle, RBOB
  • Losers: Rough Rice, Lumber

Futures Options Feedback: Options question of the week.

Bitcoin just blew past $100B in "market cap." If #Options were available how would you trade them?

  • Buy Calls/Call Spreads
  • Buy Puts/Put Spreads
  • Sell Covered Calls
  • Other/Hate #Crypto

Listener questions:

  • Question from Mantauk - What is the actual implied volatility of bitcoin?

Options Insider Radio Interviews: Predicting Political Volatility and Bitcoin with Predata

In this episode, Mark is joined by Jim Shinn, Predata's co-founder and CEO. They discuss: Jim's background Using big data to predict behavior The political VIX: PVIX Bitcoin, AI, and the future of fintech How do they analyze social media to predict...
Posted November 6th, 2017

In this episode, Mark is joined by Jim Shinn, Predata's co-founder and CEO.

They discuss:

  • Jim's background
  • Using big data to predict behavior
  • The political VIX: PVIX
  • Bitcoin, AI, and the future of fintech
  • How do they analyze social media to predict behavior?
  • Monitoring metadata from conversations
  • How do they work with options traders?
  • What is the PVIX predicting?
  • Find out more at predata.com

Options Insider Radio Interviews: Exploring the Ultra Fast Cloud with Apcela

In this episode, Mark is joined by Mark Casey, President and CEO of Apcela. They discuss: Mark's backgound in the financial services space What is Apcela? What sets Apcela's trading platform apart? The race to zero Cloud adoption, or lack thereof...
Posted November 6th, 2017

In this episode, Mark is joined by Mark Casey, President and CEO of Apcela.

They discuss:

  • Mark's backgound in the financial services space
  • What is Apcela?
  • What sets Apcela's trading platform apart?
  • The race to zero
  • Cloud adoption, or lack thereof
  • Improving the adoption of public cloud technologies
  • The market data wars
  • And more...


Options News Rundown: Monday, November 6, 2017

Options news you can use for Monday, November 6, 2017
Posted November 6th, 2017

Options news you can use for Monday, November 6, 2017


Option Block 665: Debating Hobbitry; Plus Apple and Tesla

Trading Block: Earnings season review: Apple after the bell. ATM straddle - $7.25, approx. 4.3% Facebook and Tesla Odd Block: Options tracker in Tesla Inc. (TSLA), call-palooza ahead of earnings in Pandora Media Inc (P), and size upside buywrite in...
Posted November 3rd, 2017

Trading Block: Earnings season review:

  • Apple after the bell. ATM straddle - $7.25, approx. 4.3%
  • Facebook and Tesla

Odd Block: Options tracker in Tesla Inc. (TSLA), call-palooza ahead of earnings in Pandora Media Inc (P), and size upside buywrite in Marathon Oil Corporation (MRO).

Strategy Block: Uncle Mike Tosaw discusses tax savings.

Mail Block: Options question of the week

Bitcoin just blew past $100B in "market cap." If #Options were available how would you trade them?

  • 52% - Buy Calls/Call Spreads
  • 20% - Buy Puts/Put Spreads
  • 19% - Sell Covered Calls
  • 9% - Other/Hate #Crypto

Around the Block: RCM webinar on Wednesday, November 8th, 12:00 CST - How to Webinar: Trading Options on Stocks & Futures.


Options News Rundown: November 3, 2017

Options news you can use for Friday, November 3, 2017
Posted November 3rd, 2017

Options news you can use for Friday, November 3, 2017


Options Insider Radio Interviews: A New Way to Fund Fintech

Options Insider Radio Interviews: A New Way to Fund Fintech In this episode, Mark is joined by Frank Johnson, Managing Dand Kurt Smith, CFO, at Revenue-Share Capital They discuss: What was the genesis for Revenue-Share Capital? How did OptionScape...
Posted November 2nd, 2017

Options Insider Radio Interviews: A New Way to Fund Fintech

In this episode, Mark is joined by Frank Johnson, Managing Dand Kurt Smith, CFO, at Revenue-Share Capital

They discuss:

  • What was the genesis for Revenue-Share Capital?
  • How did OptionScape influence Revenue-Share Capital?
  • What differentiates Revenue-Share Capital from traditional venture capitalists?
  • Generating income from cash flow, not profit
  • Performing due diligence
  • Start up interests: fintech and blockchain
  • Who do they want to partner with?

Options Playbook Radio 182: FB Ratio Put Spread

Today we are going to look at a ratio spread with puts on FB. In this episode: A review of last week's skip-strike butterfly in AMZN What was the strategy? Expectation? Where is AMZN now? What about GOOGL? How do you want the market to move wihen you...
Posted November 2nd, 2017

Today we are going to look at a ratio spread with puts on FB.

In this episode:

  • A review of last week's skip-strike butterfly in AMZN
  • What was the strategy? Expectation?
  • Where is AMZN now?
  • What about GOOGL?
  • How do you want the market to move wihen you have a butterfly position
  • FB earnings are coming up. Let's look at a ratio spread
  • What is the outlook?
  • Setting up the trade
  • Selecting strikes
  • What is the cost?
  • What do we want to happen?
  • What is the cost?
  • Remember volatility

Options News Rundown: Thursday, November 2, 2017

Options news you can use for Thursday, November 2, 2017
Posted November 2nd, 2017

Options news you can use for Thursday, November 2, 2017


Options News Rundown: Wednesday, November 1, 2017

Options news you can use for Wednesday, November 1, 2017
Posted November 1st, 2017

Options news you can use for Wednesday, November 1, 2017


Advisors Option 60: Exploring the Hidden Nuances of VIX

Tricks of the Trade: An overview of VIX settlement. How does it work? Can it be manipulated? The Buzz: FINRA Orders Wells Fargo to Pay $3.4M Over Volatility-Linked ETPs. Office Hours: Listener questions and comments Question from T_Aldo -Just...
Posted October 31st, 2017

Tricks of the Trade: An overview of VIX settlement. How does it work? Can it be manipulated?

The Buzz: FINRA Orders Wells Fargo to Pay $3.4M Over Volatility-Linked ETPs.

Office Hours: Listener questions and comments


Options Bootcamp 68: Mail Call Palooza

Mail Call: Fall in while your drill instructors answer your questions. Comment from Andrew McNichol -Big fan of your podcast. I appreciate how you start at square one and then walk listeners through every element of options and options trading....
Posted October 31st, 2017

Mail Call: Fall in while your drill instructors answer your questions.

  • Comment from Andrew McNichol -Big fan of your podcast. I appreciate how you start at square one and then walk listeners through every element of options and options trading. Thanks.
  • Question from Tim D. - How high do rates need to be before I need to worry about rho?
  • Question from Kraken1975 -Which of the Greeks do you utilize the most and why?
  • Question from Meatz - Would you describe successful options trading as primarily singles and doubles or more swing for the fences home runs?
  • Question from LCB - This is a challenging time to sell options due to low volatility. So does it stand that the opposite is true? Is it a good time to buy options? Particularly protective puts?
  • Question from Mary - What's the shortest expiry available for plain vanilla options?
  • Question from Ejh4isu - What qualifications do I need to work in the industry as a professional, i.e. as a trader? Is that a career path I'd even want to consider?
  • Question from Privateer - Permission to speak freely sirs! Hi guys, Love the show and the entertaining military themed education. I've recently been learning about an exciting strategy called writing call options with CFDs. The claim by the teacher is that CFDs can leverage the return on premium selling by ten times, and reduce your break even significantly. I'm very invested in how this could apply in selling both legs i.e. covered strangles or straddles. Can you discuss the downsides, upsides and hedging strategies used in this scenario,and how to mitigate risk especially on the put leg. Sirs yes sir!
  • Question from Axel D. - Why does open interest only update once a day?

Option Block 664: The Great Invisible Leggings Debate

Trading Block: Earnings Season Review. This season's theme "Buy Premium"! Under Armor before the bell tomorrow. Review of: Chipotle, Twitter, Amazon, Google & Microsoft. Odd Block: Size OTM call paper in Plains GP Holdings LP (PAGP). Pre-earnings...
Posted October 31st, 2017

Trading Block: Earnings Season Review. This season's theme "Buy Premium"! Under Armor before the bell tomorrow. Review of: Chipotle, Twitter, Amazon, Google & Microsoft.

Odd Block: Size OTM call paper in Plains GP Holdings LP (PAGP). Pre-earnings put-palooza in Under Armor Inc. (UAA). Rolling puts in ENSCO PLC (ESV).

Mail Block: Options question of the week.

Bitcoin just blew past $100B in "market cap." If #Options were available how would you trade them.

  • Buy Calls/Call Spreads
  • Buy Puts/Put Spreads
  • Sell Covered Calls
  • Other/Hate #Crypto

Around the Block: RCM webinar on Wednesday, November 8th, 12:00 CST - How to Webinar: Trading Options on Stocks & Futures.


Options News Rundown: Tuesday, October 31, 2017

Options news you can use for Tuesday, October 31, 2017
Posted October 31st, 2017

Options news you can use for Tuesday, October 31, 2017


This Week in Futures Options 75: A Furious Frenzy of Nasdaq Options

Topics this week include: Nasdaq Skew Crude Oil Gold/Metals Winners: Lumber, RBOB Losers: Iron Ore, Nat Gas Futures Options Feedback: Listeners have their say Question from Danubs - Can I buy options on milk? Question from Bxvets - What's your...
Posted October 30th, 2017

Topics this week include:

  • Nasdaq Skew
  • Crude Oil
  • Gold/Metals
  • Winners: Lumber, RBOB
  • Losers: Iron Ore, Nat Gas

Futures Options Feedback: Listeners have their say

  • Question from Danubs - Can I buy options on milk?
  • Question from Bxvets - What's your favorite sell signal?
  • Question from Bullobo11 -What was your most recent and promising buy signal and how did you come across it?
  • Question from AdmiralTweezers - Do you foresee any innovations in market making such that it might become less centralized or more crowdsourced?
  • Question from Michaelbozzello - What's the most valuable lesson you learned as a market maker that you would tell retail traders trading options?
  • Question from LL0C -Mine or not to mine? Do you guys rec mining bitcoin before trading it?

Volatility Views 278: The Great Earnings Volatility Explosion

Volatility Review: A look back at the week from a volatility perspective. VVIX - 97.73 CBOE Skew Index - 135 VIX Options, ADV - 852k, VIX Call/Put - 4 Total 10.8m (8.65m Calls, 2.19m Puts) Earnings: CMG, Twitter, Amazon, Google and Microsoft ...
Posted October 30th, 2017

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

  • VVIX - 97.73
  • CBOE Skew Index - 135
  • VIX Options, ADV - 852k, VIX Call/Put - 4
  • Total 10.8m (8.65m Calls, 2.19m Puts)
  • Earnings: CMG, Twitter, Amazon, Google and Microsoft

Volatility Voicemail: Options question of the week.

It looks like you all REALLY want after-hours #Options trading. The question now - what is the best way to make it happen?

  • 24% - Pilot For Earnings Season
  • 52% - Top Names Only -$AMZN,etc
  • 21% - Basic Limit Order Book
  • 3% - Other - Reply/DM w/answer

Listener questions and comments:

  • Comment from j3dingle -Dear Mark Longo, Long time listener (at least a year or two, so maybe not that long!), first time emailer. I would guess I'm not the first to suggest this, but have you considered some excerpt of some rendition of "On Top of Spaghetti" for Mark Sebastian's theme song? Looks like the song even has some Chicago heritage: https://en.wikipedia.org/wiki/On_Top_of_SpaghettiIn 30 seconds of you-tubing, I found Biondi's version which is pretty "good": https://www.youtube.com/watch?v=Mu4EiTJNP1kOh, the dreams/nightmares one has on a Sunday night slumber!

Crystal Ball: Wild and reckless prognostication.

Last week:

  • Mark L. - 9.65
  • Mark S. - 10.16
  • Russell - 9.87

This Week:

  • Mark L. - 9.65
  • Mark S. - 10.16
  • Ophir - 9.80

Options News Rundown: Monday, October 30, 2017

Options news you can use for Monday, October 30, 2017.
Posted October 30th, 2017

Options news you can use for Monday, October 30, 2017.


Option Block 663: Earnings Palooza: AMZN, TWTR, GOOGL and More

Trading Block: Earnings! Chipotle (CMG) - ATM straddle: $20, approx. 6.25% Twitter (TWTR) - ATM straddle: $1.50, nearly 9% Amazon (AMZN) - ATM straddle: $39, approx. 4% Google (GOOGL) - ATM straddle: $41, approx. 4% Microsoft (MSFT) - ATM straddle:...
Posted October 27th, 2017

Trading Block: Earnings!

  • Chipotle (CMG) - ATM straddle: $20, approx. 6.25%
  • Twitter (TWTR) - ATM straddle: $1.50, nearly 9%
  • Amazon (AMZN) - ATM straddle: $39, approx. 4%
  • Google (GOOGL) - ATM straddle: $41, approx. 4%
  • Microsoft (MSFT) - ATM straddle: $1.75, approx. 2.2%

Odd Block: Review from 8/7: Call frenzy in Procter & Gamble (PG)

Strategy Block: Uncle Mike Tosaw discusses SPY and risk reversals.

Mail Block: Listener questions and comments

  • Question from Hawkeye - To ye merry band of Magical Voice, grease laden Meatballs, favorite Uncles, and Lobsters with Tubs of butter: I already get that SVXY, XIV, and other short ETF/ETNs can go bust overnight due to the front 2 futures doubling. What would happen if I held long SVXY puts in an IRA and the fund had to close because the SHTF? How would I exercise them if the fund doesn't trade? I can't cover due to underlying frozen, but I can't exercise without covering because that would put me short in an IRA? Or would they still allow it as an exception? How would it all unwind? Thanks for all you guys keeping me learning, laughing, and most of all, thinking.

Around the Block: Reviewing what's happening post-earnings. Earnings. Earnings. Earnings. Is North Korea testing hydrogen bombs? After-hours options trading would have been fun this week.


Options News Rundown: Friday, October 27, 2017

Options news you can use for Friday, October 27, 2017
Posted October 27th, 2017

Options news you can use for Friday, October 27, 2017


Options Insider Radio Interviews. Talking Regs, Data Privacy and Crypto Tax with RSM

In this episode, Mark is joined by Matt Gill, Director of Risk Advisory Services at RSM US LLP. They discuss: What is RSM? How to deal with the fluid regulatory environment Dodd-Frank Data privacy Cyber security A global view on data privacy...
Posted October 26th, 2017

In this episode, Mark is joined by Matt Gill, Director of Risk Advisory Services at RSM US LLP.

They discuss:

  • What is RSM?
  • How to deal with the fluid regulatory environment
  • Dodd-Frank
  • Data privacy
  • Cyber security
  • A global view on data privacy regulation
  • Choice Act/Volcker Rule
  • System safeguards and regulator
  • Crypto currency from an accounting point-of-view
  • Today's Bitcoin event
  • And more...

Options News Rundown: Thursday, October 26, 2017

Options news you can use for Thursday, October 26, 2017.
Posted October 26th, 2017

Options news you can use for Thursday, October 26, 2017.


Options Playbook Radio 181: AMZN Skip Strike Butterfly into Earnings

This is probably the biggest week of earnings reporting, when the most valuable stocks report. There are things to take into account because of earnings: Remember that implied volatilities rise around earnings Why a skip strike butterfly? Setting up...
Posted October 26th, 2017

This is probably the biggest week of earnings reporting, when the most valuable stocks report. There are things to take into account because of earnings:

  • Remember that implied volatilities rise around earnings
  • Why a skip strike butterfly?
  • Setting up the trade to pay for itself
  • Where is AMZN trading right now?
  • What is the long straddle aka the expected move
  • Using the long straddle to select strikes
  • Earnings-related risks
  • What is the expected move?
  • Setting up the trade
  • What is the upside? Downside?
  • Nuances of options pricing
  • Remember time premium


Options Insider Radio Interviews: Crowd Sourcing Algos with QuantConnect

In this episode, Mark is joined by Jared Broad, Founder and CEO of QuantConnect. They discuss: The genesis of QuantConnect What is QuantConnect? Fast-tracking people's development Making data more accessible The challenge of the crypto market What...
Posted October 25th, 2017

In this episode, Mark is joined by Jared Broad, Founder and CEO of QuantConnect.

They discuss:

  • The genesis of QuantConnect
  • What is QuantConnect?
  • Fast-tracking people's development
  • Making data more accessible
  • The challenge of the crypto market
  • What kinds of algos are coming up for Bitcoin?
  • What is the Broadcast tab?
  • And more


Options Insider Radio Interviews: Talking Real-Time Margin with Hanweck

In this episode, Mark is joined by Tom Watson, Head of Sales at Hanweck. They discuss: What is Hanweck's enhanced data feed? Going beyond implied vols and Greeks Real-time margin functionality The benefits of outsourcing Parallell processing...
Posted October 25th, 2017

In this episode, Mark is joined by Tom Watson, Head of Sales at Hanweck.

They discuss:

  • What is Hanweck's enhanced data feed?
  • Going beyond implied vols and Greeks
  • Real-time margin functionality
  • The benefits of outsourcing
  • Parallell processing capabilities
  • Working with The OCC
  • The fluid regulatory environment
  • Filling a void in broker capacity
  • And more

Options News Rundown: Wednesday, October 25, 2017

Options news you can use for Wednesday, October 25, 2017
Posted October 25th, 2017

Options news you can use for Wednesday, October 25, 2017


Option Block 662: The Great After Hours Debate Continues

Trading Block: Earnings! Tuesday - McDonalds, GM, Chipotle, AT&T. Chipotle Mexican Grill (CMG), ATM straddle - $20, approx. 6.25% Wednesday - VISA Thursday - Twitter, Amazon, Google, Microsoft Friday - ExxonMobil, Merck Odd Block: Calls trade in...
Posted October 24th, 2017

Trading Block: Earnings!

  • Tuesday - McDonalds, GM, Chipotle, AT&T. Chipotle Mexican Grill (CMG), ATM straddle - $20, approx. 6.25%
  • Wednesday - VISA
  • Thursday - Twitter, Amazon, Google, Microsoft
  • Friday - ExxonMobil, Merck

Odd Block: Calls trade in Fortuna Silver Mines Inc. (FSM). Combo/straddle trade in iShares MSCI Japan ETF (EWJ). Size buy/write in West Fraser Timber Co. Ltd.(WFT)

Mail Block: Options question of the week

It looks like you all REALLY want after-hours #Options trading. The question now - what is the best way to make it happen?

  • Pilot For Earnings Season
  • Top Names Only -$AMZN,etc.
  • Basic Limit Order Book
  • Other

Listener Questions and Comments: What's on your mind?

  • Question from John Hopkins - Hi I was inquiring if Al Sherbin's spreadsheets from his book, how to price and trade options is still available, it is not on the Wiley website anymore. And I can not get it from my O'Reilly subscription service either. I have developed my own kelly spreadsheet, but I would like an experts to see if I am right, mine works ok, it has increased my winning trades greatly. Thanks I realize this is not part of your usual discussion, many apologies.

Around the Block: What are we looking at for the rest of the week? Earnings!


Options News Rundown: Tuesday, October 24, 2017

Options news you can use for Tuesday, October 24, 2017
Posted October 24th, 2017

Options news you can use for Tuesday, October 24, 2017


Volatility Views 277: The Birth of Modern Volatility Skew

Volatility Review: A look back at the week from a volatility perspective. Black Monday. Happy 30th Birthday to Volatility Skew! The numbers: VIX - 93.33 CBOE Skew Index - 146 VXN - 14.64 Russell's Weekly Rundown: VIX ADV - 876k VIX call/put - 4.1...
Posted October 23rd, 2017

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

Black Monday. Happy 30th Birthday to Volatility Skew!

The numbers:

  • VIX - 93.33
  • CBOE Skew Index - 146
  • VXN - 14.64

Russell's Weekly Rundown:

  • VIX ADV - 876k
  • VIX call/put - 4.1
  • VXX - 34.39
  • XIV - 105.87

Volatility Voicemail: Options question of the week

Earnings Season is here! Which name do you plan to trade most actively this cycle?

  • 27% - Tesla - $TSLA
  • 34% - Amazon - $AMZN
  • 23% - Apple - $AAPL
  • 16% - Alphabet - $GOOGL

Listener questions and comments:

Comment form MoneyEngine X3.5 - Buying CVS calls.

  • Crystal Ball: Wild and reckless prognostication

Last week:

  • Mark L. - 9.55
  • Mark S. - 10.25
  • Ghost of Russell - 28
  • Kevin - 10

This week:

  • Mark L. - 9.65
  • Mark S. - 10.16
  • Russell - 9.87

This Week in Futures Options 74: Copper Records and Natural Gas Surprises

Today in the CME hot seat is Derek Sammann, CME Group Global Head of Commodities and Options Products. Topics this week include: Looking back on ?Black Monday? Crude Oil/WTI Gold/Metals Winner this week: Lean Hogs Futures Options Feedback:...
Posted October 23rd, 2017

Today in the CME hot seat is Derek Sammann, CME Group Global Head of Commodities and Options Products.

Topics this week include:

  • Looking back on ?Black Monday?
  • Crude Oil/WTI
  • Gold/Metals
  • Winner this week: Lean Hogs

Futures Options Feedback: Listeners have their say

  • Comment form T6BTL -Big on Fed watch. Any other cool tech coming to the site?

Options question of the week: Do you think #Options should be traded after-hours like stock?

  • 71% - Yes!
  • 25% - No!
  • 4% - Don't Care!

Options News Rundown: Monday, October 23, 2017

Options news you can use for Monday, October 23, 2017
Posted October 23rd, 2017

Options news you can use for Monday, October 23, 2017


Options Insider Radio Interviews: Talking Tech, Trading, and More with TradeStation

In this episode, Mark is joined by Nick LeMaina, Senior Vice President of Strategic Brokerage Services at TradeStation. They discuss: Who are the customers of TradeStation's Strategic Brokerage Services? What asset classes are their primary focus?...
Posted October 20th, 2017

In this episode, Mark is joined by Nick LeMaina, Senior Vice President of Strategic Brokerage Services at TradeStation.

They discuss:

  • Who are the customers of TradeStation's Strategic Brokerage Services?
  • What asset classes are their primary focus?
  • How do their customers use options?
  • What are the most popular tools on the TradeStation platform?
  • The evolution of back-testing tools
  • Commissions and fees
  • What is TradeStation doing on the idea generation front?
  • Optimizing the mobile experience
  • Overnight trading

Option Block 661: Unhappy Anniversary

Trading Block: Black Monday 30th Anniversary, October 19, 1987. Earnings: GE Honeywell P&G SunTrust Odd Block: Massive closing paper in Norfolk Southern Corp. (NSC), and review from 8/17 - Rolling winning puts in WisdomTree India Earnings Fund...
Posted October 20th, 2017

Trading Block: Black Monday 30th Anniversary, October 19, 1987.

Earnings:

  • GE
  • Honeywell
  • P&G
  • SunTrust

Odd Block: Massive closing paper in Norfolk Southern Corp. (NSC), and review from 8/17 - Rolling winning puts in WisdomTree India Earnings Fund (EPI).

Strategy Block: Uncle Mike Tosaw discusses hedging stock

Mail Block: Options question of the week

EarningsSeason is here! Which name do you plan to trade most actively this cycle?

  • 31% - Tesla, $TSLA
  • 41% - Amazon, $AMZN
  • 17% - Apple, $AAPL
  • 11% - Alphabet, $GOOGL

Options question of the week, volume two:

Do you think #Options should be traded after-hours like stock?

  • 71% - Yes!
  • 25% - No!
  • 4% - Don't Care!

Listener Questions and Comments: What is on your mind?

  • Question from Darqane - Assigned on short SPX puts means getting long the underlying? But how does that work if it?s cash settled?
  • Question from ButcherBoyz - What options trading strategy would you say is best suited to people with absolutely zero knowledge of options? Thanks.
  • Question from Axel D. - Why does open interest only update once a day?

Around the Block: Earnings, earnings, earnings.


Options News Rundown: Friday, October 20, 2017

Options news you can use for Friday, October 20, 2017
Posted October 20th, 2017

Options news you can use for Friday, October 20, 2017


Options Insider Radio Interviews: Predicting Bitcoin with Level Trading Field

In this episode Mark is joined by Lanre Sarumi, Founder and CEO of Riskbone LLC. They discuss: What is Riskbone RMS? What was the genesis of the product? What does it do? What are the primary products that CTAs are using on the platform? What is...
Posted October 19th, 2017

In this episode Mark is joined by Lanre Sarumi, Founder and CEO of Riskbone LLC.

They discuss:

  • What is Riskbone RMS?
  • What was the genesis of the product?
  • What does it do?
  • What are the primary products that CTAs are using on the platform?
  • What is Level Trading Field?
  • Research in the crypto market
  • What would volatility skew look like on Bitcoin options if they were listed today?
  • Will there be a crypto futures exchange in the future?

Options Playbook Radio 180: Huddling Up on Low VIX, Naked Puts and More

Mark and Brian are back to answer listener questions. Question from Ejh4isu - Let's say you're short naked a bunch of puts and the trade goes against you, and you don't have the money to pony up? What can your broker do? Question from LCB - This is a...
Posted October 19th, 2017

Mark and Brian are back to answer listener questions.

  • Question from Ejh4isu - Let's say you're short naked a bunch of puts and the trade goes against you, and you don't have the money to pony up? What can your broker do?
  • Question from LCB - This is a challenging time to sell options due to low volatility. So does it stand that the opposite is true? Is it a good time to buy options? Particularly protective puts?
  • Question from Andrew Lane - I tried searching for options on the major advisor news sources including Pensions & Investments and Financial Advisors magazine and came up blank. Why do these mainstream outlets ignore this space? Where should I go to learn more about options for advisors?

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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