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

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

Options News Rundown: Tuesday, May 15, 2018

Options news you can use for Tuesday, May 15, 2018
Posted May 15th, 2018

Options news you can use for Tuesday, May 15, 2018


This Week in Futures Options 101: Breaking Down Big Equity, Crude and Gold Moves

Today we feature co-host Sean Smith, Managing Director or Derivatives Licensing at FTSE Russell Topics this week include: Equities Crude/WTI Gold Futures Options Feedback: Listeners have their say Comment from Patrick Snoke - Only place #hoglove is...
Posted May 14th, 2018

Today we feature co-host Sean Smith, Managing Director or Derivatives Licensing at FTSE Russell

Topics this week include:

  • Equities
  • Crude/WTI
  • Gold

Futures Options Feedback: Listeners have their say

  • Comment from Patrick Snoke - Only place #hoglove is seriously discussed is @Options #twifo and some underground blogs for lonely farmers. Each for different reasons.
  • Question from Harry H. - Can I buy options on the Russell VIX RVX? My broker doesn't seem to offer them.

Volatility Views 304: Is Spikes the Next Big Thing?

Volatility Viewpoint: Today's special guest is Shelly Brown, EVP, MIAX He discusses: SPIKES volatility index What is it? And more... Volatility Review: A look back at the week from a volatility perspective VIX Cash - 13.25 VVIX ? 93 VXX - 36.50...
Posted May 14th, 2018

Volatility Viewpoint: Today's special guest is Shelly Brown, EVP, MIAX

He discusses:

  • SPIKES volatility index
  • What is it?
  • And more...

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

Volatility Voicemail: Listeners have their say

  • Question from James Emmett - What's your take on the new Spikes volatility product?
  • Question from Union J. - Will we ever have a VIX index product that we can actually buy and sell?

Crystal Ball: Wild and reckless prognostication

Last week:

  • Mark L. -16.05
  • Mark S. -14.25
  • Guest - 15.25

This week:

  • Mark L. -13.55
  • Mark S. -12.75

Options Insider Radio Interviews: Exploring Market Regulation with STA

When Mark was in Florida for the 2018 Options Industry Conference, he had a chance to sit down with Jim Toes, President of STA They discussed: What is the STA? Why is the STA attending the Options Industry Conference? What are the regulatory focuses...
Posted May 14th, 2018

When Mark was in Florida for the 2018 Options Industry Conference, he had a chance to sit down with Jim Toes, President of STA

They discussed:

  • What is the STA?
  • Why is the STA attending the Options Industry Conference?
  • What are the regulatory focuses of the STA?
  • Thoughts on auctions
  • Transparency versus speed
  • Issues in DC

Options News Rundown: Monday, May 14, 2018

Options news you can use for Monday, May 14, 2018
Posted May 14th, 2018

Options news you can use for Monday, May 14, 2018


Options Insider Radio Interviews: Diving into Controversy with MIAX

When Mark was in Florida for the 2018 Options Industry Conference, he had a chance to sit down with Shelly Brown, Executive Vice President of Strategic Planning and Joe Bracco, Senior Vice President and Head of Sales at MIAX. They discussed: The...
Posted May 14th, 2018

When Mark was in Florida for the 2018 Options Industry Conference, he had a chance to sit down with Shelly Brown, Executive Vice President of Strategic Planning and Joe Bracco, Senior Vice President and Head of Sales at MIAX.

They discussed:

  • The proposal for the third MIAX exchange
  • Addressing the critiques
  • What does MIAX bring to the market?
  • Why competition matters
  • What about the liquidity issue?
  • Penny pricing
  • Thoughts on auctions
  • And more...

Options Insider Radio Interviews: Talking Options and Market Data with Burton-Taylor

When Mark was in Florida for the 2018 Options Industry Conference, he had a chance to sit down with Andy Nybo, Director at Burton-Taylor International Consulting. They discussed: What does market data research entail? Sifting through the dearth of...
Posted May 11th, 2018

When Mark was in Florida for the 2018 Options Industry Conference, he had a chance to sit down with Andy Nybo, Director at Burton-Taylor International Consulting.

They discussed:

  • What does market data research entail?
  • Sifting through the dearth of market data
  • The growth in the need for data
  • How to define liquidity
  • Thoughts on auctions
  • What about the number of exchanges?
  • And more...

Option Block 714: Talking VXX, NVDA and VIX

Trading Block: Earnings! Thursday - Nvidia NVDA - ATM straddle: 17, approx. 6.5% Odd Block: More Jan 2019 50 ?catastrophe? put in Tesla Motors (TSLA). Crazy option palooza in Helios and Matheson Analytics (HMNY). Line in the sand puts in HP Inc....
Posted May 11th, 2018

Trading Block: Earnings!

  • Thursday - Nvidia
  • NVDA - ATM straddle: 17, approx. 6.5%

Odd Block: More Jan 2019 50 ?catastrophe? put in Tesla Motors (TSLA). Crazy option palooza in Helios and Matheson Analytics (HMNY). Line in the sand puts in HP Inc. (HPE). Call trade in Nabors Industries Ltd. (NBR).

Mail Block: Options Question of the Week

VIX is back in the mid-teens but the Volatility space is hotter than ever. This is breathing new life into old Volatility products as they try to elbow their way into the VIX spotlight. Which do you think has the best chance of hitting it big with traders?

  • 23% - RealVol- S&P Realized Vol
  • 16% - VolDex -S&P ATM Vol
  • 29% - Spikes- aka SPY VIX
  • 32% - None: There's Only 1 VIX

Around the Block/Economic Reports:

  • May 11 - Import and Export Prices, Consumer Sentiment

Options Insider Radio Interviews: Exploring How to Help Options Market Makers with OCC

When Mark was in Florida for the 2018 Options Industry Conference, he had a chance to sit down with John Davidson, President and Chief Operating Officer at OCC. They discussed: John's tenure in the financial services industry The function of being a...
Posted May 11th, 2018

When Mark was in Florida for the 2018 Options Industry Conference, he had a chance to sit down with John Davidson, President and Chief Operating Officer at OCC.

They discussed:

  • John's tenure in the financial services industry
  • The function of being a clearinghouse
  • Technical upgrades on the horizon
  • The nuts and bolts of clearing
  • The symbology initiative
  • Issues with liquidity
  • Working with Washington
  • And more...

Options News Rundown: Thursday, May 10, 2018

Options news you can use for Thursday, May 10, 2018
Posted May 10th, 2018

Options news you can use for Thursday, May 10, 2018


Options News Rundown: Wednesday, May 9, 2018

Options news you can use for Wednesday, May 9, 2018
Posted May 9th, 2018

Options news you can use for Wednesday, May 9, 2018


Options Insider Radio Interviews: Talking Options Trading Floors with BOX

In this episode, Mark is live at the 2018 Options Industry Conference where he sat down with Ed Boyle, CEO at BOX. They discuss: Update on the BOX trading floor What's trading on the BOX trading floor? What's the theme of the 2018 Options Industry...
Posted May 8th, 2018

In this episode, Mark is live at the 2018 Options Industry Conference where he sat down with Ed Boyle, CEO at BOX.

They discuss:

  • Update on the BOX trading floor
  • What's trading on the BOX trading floor?
  • What's the theme of the 2018 Options Industry Conference?
  • What can be done about the liquidity issue?
  • How to mitigate risk for liquidity providers?
  • Thoughts on auctions
  • The number of exchanges
  • After hours options trading
  • The demand for new products

Option Block 713: More Mystery Option Paloozas

Trading Block: What's moving the options market? Options Volume for April: OCC announced that total cleared contract volume in April reached 405,853,179 contracts, a 27% increase from April 2017 volume of 320,547,848 contracts and marking the highest...
Posted May 8th, 2018

Trading Block: What's moving the options market?

  • Options Volume for April: OCC announced that total cleared contract volume in April reached 405,853,179 contracts, a 27% increase from April 2017 volume of 320,547,848 contracts and marking the highest April on record.

Earnings!

  • Tuesday - The Walt Disney Company
  • Thursday - Nvidia

Odd Block: Bullish paper opening in Coty Inc. (COTY). Rolling calls in Marathon Oil Corporation (MRO). Near ATM earnings calls in Amicus Therapeutics, Inc. (FOLD).

Strategy Block: Uncle Mike Tosaw discusses when it might be better to use verticals or diagonal/calendars.

Around the Block/Economic Reports:

  • May 8: JOLTS
  • May 9: PPI
  • May 10: Jobless Claims, Consumer Price Index, Treasury Budget
  • May 11: Import and Export Prices, Consumer Sentiment

Options Insider Radio Interviews: Talking Options, Volatility and More with Credit Suisse

In this episode, Mark is live at the 2018 Options Industry Conference where he sat down with Pat Luongo, Director of AES Options Sales at Credit Suisse. They discuss: Pat's history in the options industry Who are their customers? Welcoming back...
Posted May 8th, 2018

In this episode, Mark is live at the 2018 Options Industry Conference where he sat down with Pat Luongo, Director of AES Options Sales at Credit Suisse.

They discuss:

  • Pat's history in the options industry
  • Who are their customers?
  • Welcoming back volatility
  • Correcting liquidity concerns
  • Fragmentation of trading venues
  • Stemming the tide of losing liquidity providers
  • After-hours options trading
  • And more

Options News Rundown: Tuesday, May 8, 2018

Options news you can use for Tuesday, May 8, 2018
Posted May 8th, 2018

Options news you can use for Tuesday, May 8, 2018


Options Insider Radio Interviews: Talking Options with Raymond James

In this episode, Mark is live at the 2018 Options Industry Conference where he caught up with Gary Franklin, Vice President of Retail Options Trading and Strategies at Raymond James. They discuss: What brought Raymond James to the Options Industry...
Posted May 7th, 2018

In this episode, Mark is live at the 2018 Options Industry Conference where he caught up with Gary Franklin, Vice President of Retail Options Trading and Strategies at Raymond James.

They discuss:

  • What brought Raymond James to the Options Industry Conference?
  • The evolution of interest in options for advisors
  • Clients driving demand for options growth
  • Demystifying options
  • How has the increase in volatility impacted their clients?
  • And more...

Options Insider Radio Interviews: What Options Traders Can Expect from E*Trade

In this episode, Mark is live at the 2018 Options Industry Conference where he caught up with Chris Larkin, Senior Vice President of Trading Product at E*Trade. They discuss: The acquisition and integration of Options House and E*Trade platforms...
Posted May 7th, 2018

In this episode, Mark is live at the 2018 Options Industry Conference where he caught up with Chris Larkin, Senior Vice President of Trading Product at E*Trade.

They discuss:

  • The acquisition and integration of Options House and E*Trade platforms
  • Rebuilding the platform from the ground up
  • Lowering the barrier to entry for new options traders
  • What percentage of trades happen on mobile devices?
  • Increasing the community offering
  • Addressing the liquidity issue
  • What about after hours options trading?
  • And more..

Options News Rundown: Monday, May 7, 2018

Options news you can use for Monday, May 7, 2018
Posted May 7th, 2018

Options news you can use for Monday, May 7, 2018


This Week in Futures Options 41: Time for a Little Hog Love

Originally Posted February 20th, 2017 Topics this week include: WTI Skew Crude vol Eurodollars Lean Hogs Futures Options Feedback: Listener questions and comments Question from Tom Rios - How has Mexico threatening to buy corn from Brazil and...
Posted May 7th, 2018

Originally Posted February 20th, 2017

Topics this week include:

  • WTI Skew
  • Crude vol
  • Eurodollars
  • Lean Hogs

Futures Options Feedback: Listener questions and comments

  • Question from Tom Rios - How has Mexico threatening to buy corn from Brazil and Argentina, rather than the US, impacted corn volatility?
  • Question from McTinney - Hello to the TWIFO team and guest! Can you give a little more color on the longer term calls you outlined in gold options last show? Is this the beginning of a trend or just a blip on the radar? Any similar action in silver? Thanks for the show.
  • Comment from Jim Church - I like the rent concept. Was that Nick or Mark's idea? I think it should be a regular segment. Maybe "Who's paying the rent this week?"

Best of Volatility Views 191: Earnings Apocalypse

Originally Posted February 8th, 2016 Volatility Review: CBOE to list SPX Wednesday-expiring weeklys options. CBOE to begin overnight dissemination of CBOE Volatility Index (VIX). VIX Options: Total 5.81m (3.93m Calls, 1.88m Puts) Earnings Volatility:...
Posted May 7th, 2018

Originally Posted February 8th, 2016

Volatility Review: CBOE to list SPX Wednesday-expiring weeklys options. CBOE to begin overnight dissemination of CBOE Volatility Index (VIX).

  • VIX Options: Total 5.81m (3.93m Calls, 1.88m Puts)
  • Earnings Volatility: LNKD after the bell: ATM straddle = $22, approx. 11.5%, after-hours move approx. $50.
  • Crude Oil: Wall St. fluctuates as equities track oil prices. Is oil driving the stock market? And should traders care?

Volatility Voicemail: Listener questions and comments

  • Question from GBL - Stock splits are seen to be greatly beneficial to options volume. But do they also decrease volatility, which should hurt options trading?

Around the Block: Prognosticating. Wild and reckless prognosticating.


Options Insider Radio Interviews: Catching Up With the Options Flowmaster

In this episode, Mark is live at the 2018 Options Industry Conference where he caught up with the Flowmaster himself, Henry Schwartz from Trade Alert. They discuss: State of the options industry Concentration of liquidity The optics of tight quotes...
Posted May 4th, 2018

In this episode, Mark is live at the 2018 Options Industry Conference where he caught up with the Flowmaster himself, Henry Schwartz from Trade Alert.

They discuss:

  • State of the options industry
  • Concentration of liquidity
  • The optics of tight quotes versus thin liquidity
  • Unintended consequences of auctions
  • Volume data; where will the year end?
  • Single stocks taking volume back from ETFs
  • The controversey regarding VIX settlement
  • What is coming next from Trade Alert?
  • And more...

Best of Option Block: Jedi vs. Sith vs. Earnings

Originally Posted January 24th, 2017 Trading Block: The Trump Effect: President Donald Trump is set to unleash a cascade of stock-market anxiety - The day of reckoning for the Wall Street is here. McDonalds (MCD) earnings today. Friday close -...
Posted May 4th, 2018

Originally Posted January 24th, 2017

Trading Block: The Trump Effect: President Donald Trump is set to unleash a cascade of stock-market anxiety - The day of reckoning for the Wall Street is here. McDonalds (MCD) earnings today. Friday close - $122.26; ATM Straddle - $3.52, approx. 3%; Open down $.75, Traded as low as $2.44; No more love for all-day breakfast.

Odd Block: Calls and puts trade in Morgan Stanley (MS), calls trade in Home Depot Inc (HD) and calls trade in Lending Club Corp (LC)

Mail Block: Questions, Comments, Polls, and more

Options #QuestionOfTheWeek

Earnings Season awakens! How do you play earnings using options? Are you an Earnings #Jedi or #Sith?

  • 41% - Dark Side (Short Premium)
  • 26% - Light Side (Long Premium)
  • 25% - No Side - Avoid earnings
  • 08% - Other (Reply/DM w/ideas)

Options #QuestionOfTheWeek - Lots of earnings on the horizon. Which company will outperform their earnings straddle by the largest margin?

  • Alphabet - $GOOGL
  • Microsoft - $MSFT
  • Intel - $INTC
  • Starbucks - $SBUX

Listener questions and comments

  • Comment from Steve Place - CREE it is always CREE
  • Question from Chris - Is there a way to subscribe to your posts as they go up on the website so you can get notified via email or mobile phone? Thanks, Chris
  • Question from Fundconcept - Do you think activist investors opportunities will rise considering their experience with mkt volatility?

Around the Block/Earnings Highlights this Week:

  • Tuesday - Alibaba Group, Verizon, Johnson & Johnson, 3M, Kimberly-Clark
  • Wednesday - Boeing, Abbott Labs, eBay, Qualcomm, AT&T
  • Thursday - Alphabet, PayPal, E-Trade, Microsoft, Southwest, Caterpillar, Intel
  • Friday - Honeywell

Options Insider Radio Interviews: Talking Liquidity, Volatility and Options with NASDAQ

In this episode, Mark is live at the 2018 Options Industry Conference where he caught up with Kevin Kennedy, Senior Vice President of U.S. Derivatives at NASDAQ. They discuss: The trading floor at the PHLX The old floor versus the new floor What has...
Posted May 3rd, 2018

In this episode, Mark is live at the 2018 Options Industry Conference where he caught up with Kevin Kennedy, Senior Vice President of U.S. Derivatives at NASDAQ.

They discuss:

  • The trading floor at the PHLX
  • The old floor versus the new floor
  • What has been the 2018 trend for options so far?
  • What a difference a year makes!
  • What does Kevin anticipate for growth for the rest of the year?
  • The trends in liquidity, and how to correct them
  • How can we reverse the trend of people leaving the liquidity business?
  • Thoughts on additional options exchanges
  • Executing complex orders
  • What are they doing in the volatility space?
  • What's NASDAQ doing with crypto?
  • And more...

Options Insider Radio Interviews: Talking Options Content with TD Ameritrade

In this episode, Mark is at the Options Industry Conference, where he caught up with JJ Kinahan, Chief Market Strategist and Managing Director at TD Ameritrade. They discuss: How has the integration with Scottrade gone? Focusing on options education...
Posted May 3rd, 2018

In this episode, Mark is at the Options Industry Conference, where he caught up with JJ Kinahan, Chief Market Strategist and Managing Director at TD Ameritrade.

They discuss:

  • How has the integration with Scottrade gone?
  • Focusing on options education with the new clients
  • The evolution of options broker
  • How options educational content is evolving
  • How is the reception for TD Ameritrade's new content?
  • How does TD Ameritrade build and foster a community?
  • And more...

Options Playbook Radio 207: Hot Topics from the World of Options

Mark and Brian are on location at the Options Industry Conference, the annual event that brings everyone in the options industry together. They discuss: Specifically: Launching new products to meet retail investor needs Liquidity concerns Exchanges...
Posted May 3rd, 2018

Mark and Brian are on location at the Options Industry Conference, the annual event that brings everyone in the options industry together. They discuss:

Specifically:

  • Launching new products to meet retail investor needs
  • Liquidity concerns
  • Exchanges fragmenting liquidity through extra strikes and expirations
  • What about price improvement?
  • Unlimited quoting
  • What did they learn at this year's event?

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].


Option Block 712: AAPL, SNAP, TSLA Earnings Options Breakdown

Trading Block: Earnings! Monday - McDonalds Tuesday - Apple, Snap Inc. Wednesday - Tesla Thursday - Activision/Blizzard, WWE Friday - CBOE Odd Block: Jan 2020 50 "catastrophe" puts in Tesla Motors Inc. (TSLA). Closing/rolling paper in ILG Inc....
Posted May 1st, 2018

Trading Block: Earnings!

  • Monday - McDonalds
  • Tuesday - Apple, Snap Inc.
  • Wednesday - Tesla
  • Thursday - Activision/Blizzard, WWE
  • Friday - CBOE

Odd Block: Jan 2020 50 "catastrophe" puts in Tesla Motors Inc. (TSLA). Closing/rolling paper in ILG Inc. (ILG). Buying a put stupid in PowerShares DB US Dollar Index (UUP). Crazy put-paoolza in Sea Foods Co (DF)

Strategy Block: Uncle Mike Tosaw discusses ways in which to look at covered calls in a channeling market.

Around the Block/Economic Reports:

  • Apr 30: Personal Income, Chicago PMI
  • May 1: Construction Spending
  • May 2: FOMC Meeting
  • May 3: Jobless Claims, International Trade, Factory Orders
  • May 4: Unemployment

Options News Rundown: Tuesday, May 1, 2018

Options news you can use for Tuesday, May 1, 2018
Posted May 1st, 2018

Options news you can use for Tuesday, May 1, 2018


This Week in Futures Options 100: The Volatile, and Controversial, World of Ags

Today's special guest is Jared Caplan, Head of Commodities Trading, Akuna Capital. Topics this week include: Corn Soybeans Futures Options Feedback: In which the listeners take over. Question from T Mal - Jared, What is your opinion on the current...
Posted April 30th, 2018

Today's special guest is Jared Caplan, Head of Commodities Trading, Akuna Capital.

Topics this week include:

  • Corn
  • Soybeans

Futures Options Feedback: In which the listeners take over.

  • Question from T Mal - Jared, What is your opinion on the current speculative interest in corn/beans? It seems large right now. What is your opinion on the extremely large open interest? Corn open interest in particular is very large.
  • Question from Adam Coker - Can you explain the nature of options liquidity for the Ags. They seem to have a unique trading structure that's focused around the planting and harvesting cycle. Are those the months that generally have the most volume and volatility?

Volatility Views 303: Harvesting Volatility with ETFs

Volatility Viewpoint: Today we are joined by Jonathan Molchan, Portfolio Manager, Horizons ETF Management. He discusses: What does Horizons ETF Management do? Horizons ETF products Why are there so few options-oriented ETFs? Volatility Review: A...
Posted April 30th, 2018

Volatility Viewpoint: Today we are joined by Jonathan Molchan, Portfolio Manager, Horizons ETF Management.

He discusses:

  • What does Horizons ETF Management do?
  • Horizons ETF products
  • Why are there so few options-oriented ETFs?

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

  • VIX Cash - 16.50
  • VVIX - 95
  • VIX Options - ADV: 943k, VIX call/put: 2.6/1, Total 7.06m (5.11m Calls, 1.96m Puts)
  • VXX - 42.32
  • Earnings Volatility - AMZN, MSFT, INTC & GOOGL

Volatility Voicemail: Otpions question of the week.

We dig up many strange options positions at the Options Insider. Some seem credible while others are just head scratching. Which of the following open options positions do you think has the best chance of actually becoming a winner?

  • 32% - 49K TSLA Jan 2019 50 P
  • 32% - 197K VXX Jan 2019 10 P
  • 25% - 65K GLD Jan 2019 200 C
  • 11% - 146K SPY Dec 2019 150P

Listener questions and comments:

  • Question from Illir -So VXX Jan 10 puts are worth about .03. But VXX2 (or VXXB -not sure which) Jan 10 puts with exact same strike and days to expiration are worth 2.60 (a 1 lot just traded this morning)? Am I missing something?
  • Comment from LLLC1 - I think the world just woke up to a new risk for vol products - "issuer panic risk." We all knew it was in the prospectus but now we've seen it materialize. I wonder how this will affect risk premiums in these products going forward.
  • Question from Bortega - Why are there no options on VXAPL? Will there ever be options listed on this product?

Crystal Ball: Wild prognosticating found here.

Last week:

  • Mark L. -16.35
  • Mark S. - 14.25
  • Mike Thompson - 15.85

This week:

  • Mark L. - 16.05
  • Mark S. - 14.25
  • Jonathan Molchan: 15.25

Options News Rundown: Monday, April 30, 2018

Options news you can use for Monday, April 30, 2018
Posted April 30th, 2018

Options news you can use for Monday, April 30, 2018


Options Insider Radio Interviews: Celebrating A Tasty Victory with Tom Sosnoff

In this episode, Mark is joined by Tom Sosnoff, Co-CEO at Tasty Trade. They discuss: Winning the Options Broker Madness tournament in their first year participating What sets Tasty Trade apart from the competition? The first year in the live of Tasty...
Posted April 27th, 2018

In this episode, Mark is joined by Tom Sosnoff, Co-CEO at Tasty Trade.

They discuss:

  • Winning the Options Broker Madness tournament in their first year participating
  • What sets Tasty Trade apart from the competition?
  • The first year in the live of Tasty Trade
  • New entrants shaking up the options space
  • No charge for closing trades!
  • Is there any intention of going public?
  • The challenge of creating compelling content

Listener questions:

  • When can I trade futures options in an IRA account on Tasty Works?
  • Does Tasty Works offer portfolio margin and API access?
  • What is his option of portfolio margining?
  • What about the lack of after-hours trading for options?

Tom talks about

  • Market making
  • Liquidity
  • Naked calls in an IRA

Option Block 711: AMZN, MSFT and INTC Earnings Palooza

Trading Block: Earnings: AMZN - 1460, ATM straddle 90, approx. 6% MSFT - 92, ATM straddle 4, approx. 4% INTC - 51.38, ATM straddle 2.40, approx. 5% GOOGL - ATM straddle 54, approx. 5% Odd Block: More Jan 2019 50 "catastrophe" puts in Tesla Motors...
Posted April 27th, 2018

Trading Block: Earnings:

  • AMZN - 1460, ATM straddle 90, approx. 6%
  • MSFT - 92, ATM straddle 4, approx. 4%
  • INTC - 51.38, ATM straddle 2.40, approx. 5%
  • GOOGL - ATM straddle 54, approx. 5%

Odd Block: More Jan 2019 50 "catastrophe" puts in Tesla Motors (TSLA). Apr 12.5 Puts in CNH Industrial NV (CNHI). Line in the sand puts in L Brands Inc. (LB). Line in the sand puts in Dicks Sporting Goods Inc. (DKS).

Mail Block: Options question of the week

We dig up many strange options positions at the Options Insider. Some seem credible while others are just head scratching. Which of the following open options positions do you think has the best chance of actually becoming a winner?

  • 49K TSLA Jan 2019 50 P
  • 197K VXX Jan 2019 10 P
  • 65K GLD Jan 2019 200 C
  • 146K SPY Dec 2019 150P

Listener questions and comments:

  • Question from BTavares -Hey great show. I'm looking at this chart from FT and it makes me wonder if I should concentrate my trading in the last 30 minutes of the day to increase the liquidity for my options trades. I wonder if this also applies to less-liquid options names.
  • Question from Yancy - I heard Tom Sosnoff say on your interview show that there are 20 active names and 75 tradeable names in the options market for retail and that's about it. Do you concur?

Around the Block: What's on the radar for the all-stars?


Options News Rundown: Friday, April 27, 2018

Options news you can use for Friday, April 27, 2018
Posted April 27th, 2018

Options news you can use for Friday, April 27, 2018


Options Playbook Radio 206: Facebook Earnings Play

We are in the tech portion of earnings season, so let's take a look at Facebook. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, or on the Amazon Kindle edition. Specifically: Where is FB trading right...
Posted April 26th, 2018

We are in the tech portion of earnings season, so let's take a look at Facebook. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, or on the Amazon Kindle edition.

Specifically:

  • Where is FB trading right now?
  • What is the situation with FB?
  • Can we sell the put spread for enough of a credit to buy a call?
  • Setting up the put spread
  • Selecting strikes
  • Looking to buy a call from the proceeds
  • Selecting the strike
  • What do we want to happen?
  • What is the risk? Reward?
  • How you can double up to catch up
  • Some rationale on time frame

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, April 26, 2018

Options news you can use for Thursday, April 26, 2018
Posted April 26th, 2018

Options news you can use for Thursday, April 26, 2018


Options News Rundown: Wednesday, April 25, 2018

Options news you can use for Wednesday, April 25, 2018
Posted April 25th, 2018

Options news you can use for Wednesday, April 25, 2018


Option Block 710: You Are All Stupid

Trading Block: VIX down. Vol futures down. Gold vol is very low. 10-year yield at 3%. Metals get the crap kicked out of them. Earnings: GOOGL - ATM straddle: 54, approx. 5%. More tech earnings to come. Odd Block: More Jan 2019 50 "catastrophe" puts in...
Posted April 24th, 2018

Trading Block: VIX down. Vol futures down. Gold vol is very low. 10-year yield at 3%. Metals get the crap kicked out of them.

Earnings: GOOGL - ATM straddle: 54, approx. 5%. More tech earnings to come.

Odd Block: More Jan 2019 50 "catastrophe" puts in Tesla Motors (TSLA). Puts trade in Chicago Bridge & Iron Company (CBI). Calls trade in D. R. Horton Inc. (DHI). Puts trade in CBL & Associates Properties, Inc. (CBL).

Strategy Block: Uncle Mike Tosaw discusses hedging during earnings.

Mail Block: Options question of the week

VIX is back in the mid-teens. Are you buying this Volatility reprieve or is this merely calm before the storm? Quite simply - Where do you think VIX will end the week?

  • 24% - Here: 16-18
  • 19% - Higher: 18-20
  • 18% - Even Higher: 20-25
  • 39% - Lower: 14-16

Options Flash Poll: The proposed third exchange from @MIAXexchange 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 feedback:

  • Question from LNC - SVXY calls suck now. What about selling the puts? Is there any juice in those or have they been drained as well by the bid redo last week?

Around the Block: GOOGL post-earnings. Andrew wants to let it all out. SVXY makes him angry. Will tech earnings produce a higher SPX?


Options News Rundown: Tuesday, April 24, 2018

Options news you can use for Tuesday, April 24, 2018
Posted April 24th, 2018

Options news you can use for Tuesday, April 24, 2018


This Week in Futures Options 99: Talking Crazy Crude and Crypto

Topics this week include: Crude Gold/Metals Indices Bitcoin Futures Options Feedback: Listeners have their say Question from GWCH - You buying that this cryptocurrency rally is based on the sharia law approval? Question from Kennedy -Soros is...
Posted April 23rd, 2018

Topics this week include:

  • Crude
  • Gold/Metals
  • Indices
  • Bitcoin

Futures Options Feedback: Listeners have their say

  • Question from GWCH - You buying that this cryptocurrency rally is based on the sharia law approval?
  • Question from Kennedy -Soros is getting into Crypto. Time to sell?
  • Comment from CTWills - The news of a 16th options exchange make me appreciate the predominantly centralized futures options market. With so many exchanges it's hard to even get a 10-lot spread off these days.
  • Question from Taz41 - Can the strategy screener tool handle ratio spreads and iron condors? Thanks for the great show and so many great tools.
  • Question from BLIO3T -Which products are the ones that you guys have the hardest time wrapping your heads around? For me, it's the hogs. No thanks.
  • 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.

Volatility Views 302: Mother of All VIX Bombs

Volatility Review: A look back at the week from a volatility perspective. VIX Cash is still hanging around in the teens. VVIX - 97, pretty much unchanged from last week. VIX Options - ADV: 1.05M, VIX call/put: 2.6/1, Total 6.29m (4.55m Calls, 1.74m...
Posted April 23rd, 2018

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

  • VIX Cash is still hanging around in the teens.
  • VVIX - 97, pretty much unchanged from last week.
  • VIX Options - ADV: 1.05M, VIX call/put: 2.6/1, Total 6.29m (4.55m Calls, 1.74m Puts)
  • How is the VIX July 10-75 strangle doing?
  • VXX - 42.50
  • OIV - 26.5, 2.5 points lower than last week.
  • GVZ: 12.25, 1.25 points lower than last week.

Volatility Voicemail: Last week's volatility flash poll

Which product/segment do you think will experience the most Volatility over the coming trading week (through the close on Friday 2/20) SPY SPX VIX WTI Crude Gold Bitcoin BTC GLD USO

  • 28% - S&P500: SPY, SPX. VIX
  • 8% - Gold: GLD, Comex
  • 28% - Crude Oil: WTI, USO
  • 36% - Bitcoin: BTC

Options question of the week

VIX is back in the mid-teens. Are you buying this Volatility reprieve or is this merely calm before the storm? Quite simply - Where do you think VIX will end the week?

  • Here: 16-18
  • Higher: 18-20
  • Even Higher: 20-25
  • Lower: 14-16

Yet Another Options Flash Poll:

The proposed third exchange from @MIAXexchange 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?

  • More Exchanges the Better
  • Please Make It Stop
  • Don't Care: I get filled
  • Comment from Patrick Snoke -The more the merrier....my fills are.

Listener questions and comments:

  • Question from Scott Somer -Think this product will get enough liquidity? https://twitter.com/MIAXexchange/status/986334029338300416
  • Question from Niddles - VIX settlement WTF?!?
  • Question from Allen - What are the VIX mullet guys up to these days?

Crystal Ball: Wild and reckless prognostication

Last week:

  • Mark L. -17.17
  • Mark S. - 15.00

This week:

  • Mark L. -16.35
  • Mark S. - 15
  • Mike - 15.85

Options News Rundown: Monday, April 23, 2018

Options news you can use for Monday, April 23, 2018
Posted April 23rd, 2018

Options news you can use for Monday, April 23, 2018


Advisors Option 66: The Great Listener Question Palooza

Office Hours: It 's all listener questions today Comment from Avery - Interesting piece about when to fire your financial advisor on the street today. Your thoughts?...
Posted April 20th, 2018

Office Hours: It 's all listener questions today

  • Comment from Avery - Interesting piece about when to fire your financial advisor on the street today. Your thoughts? https://www.thestreet.com/story/13747897/1/5-justifiable-reasons-why-you-can-and-should-fire-your-financial-advisor.html
  • Question from B. Goldberg - I have a large number of SMAs with smaller balances (typically $5,000 - $10,000) from new clients. Most are younger clients willing to try their hands at newer products beyond stocks including options. What are some good options use cases for these types of smaller accounts?
  • Question from Leslie Necing - Morningstar has an option-based category for their funds. But it includes everything from volatility funds to overlays so it 's hardly useful for comparison purposes. What categories should they include to provide more meaningful comparisons for people looking for options funds?
  • 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?
  • Comment from Papa Scalp - What 's scary is how many "advisors" don 't have a clue, not even for portfolio protection or insurance.
  • Question from FKnight67 - Is there one position or strategy that you feel applies best to the vast majority of financial advisors and asset managers.
  • Question from Mark Clyde Brant:Will rising vol persist all year? VIX above 20, VXX above 40, half the time? What is the current version of the Swan process? Someone should back test how often fading the skew, by buying the cheaper options, wins.
  • 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 Nevos - There are a ton of tickers for the Swan DRS. Are they pretty much all the same or is there a primary fund that I should look for?
  • Question from Bill T. - Is there a platform you recommend for advisors looking on onboard more options clients?


Option Block 709: Tech Wreck, plus Well-Timed VIX Puts

Trading Block: That's right. We are up to 16 exchanges now. MIAX Options and MIAX PEARL options exchanges, today announced that it intends to launch MIAX Emerald as its third fully electronic options exchange in 2019. Options Flash Poll: The proposed...
Posted April 20th, 2018

Trading Block: That's right. We are up to 16 exchanges now. MIAX Options and MIAX PEARL options exchanges, today announced that it intends to launch MIAX Emerald as its third fully electronic options exchange in 2019.

Options Flash Poll: The proposed third exchange from MIAX exchange 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?

  • More Exchanges the Better
  • Please Make It Stop
  • Don't Care: I get filled

Earnings:

  • E-Trade - 58.50, ATM straddle ~ 2, approx. 3.5%
  • Netflix (from Monday) - 307, ATM straddle ~ 28, approx. 9%

Odd Block: Well-times paper in VIX (VIX). Put love in Market Vectors Semiconductor ETF (SMH). Deep ITM calls in NXP Semiconductors NV (NXPI). Call spread in Alcoa Corp (AA).

Mail Block: Last week's options question of the week.

SPOT is the latest hot IPO to join the Options market. So many recent Options listings started off hot then suddenly cooled so we have to ask - which hot recent IPO will you be slinging Options on in 2019?

  • 38% - SPOT
  • 16% - DBX
  • 41% - SNAP
  • 5% - Other

This week's options question of the week:

VIX is back in the mid-teens. Are you buying this Volatility reprieve or is this merely calm before the storm? Quite simply - Where do you think VIX will end the week?

  • Here: 16-18
  • Higher: 18-20
  • Even Higher: 20-25
  • Lower: 14-16

Listener questions and comments:

  • Comment from J3dingle -Mark, do you realize this is what almost won your Broker Madness tournament?
  • Question from Dhasone Riley -I have a general question because I'm struggling with hedges. Do most people buying calls or put options as hedges, hedge in, at or out the money?

Around the Block: ETrade rallied a bit after earnings, but still a meh. The more exchanges the better? Silver is moving again. Will the maket move back above 2700? Sebas is more bullish than Tosaw.


Options News Rundown: Friday, April 20, 2018

Options news you can use for Friday, April 20, 2018
Posted April 20th, 2018

Options news you can use for Friday, April 20, 2018


Options Playbook Radio 205: GOOGL Skip Strike Butterfly

GOOGL Skip Strike Butterfly
Posted April 20th, 2018

Welcome to Options Playbook Radio
On this episode we discuss:

  • A review of our earnings trade in NFLX
  • A complete breakdown of our new earnings skip-strike butterfly in GOOGL.

Options News Rundown: Thursday, April 19, 2018

Options news you can use for Thursday, April 19, 2018
Posted April 19th, 2018

Options news you can use for Thursday, April 19, 2018


Options News Rundown: Wednesday, April 18, 2018

Options news you can use for Wednesday, April 18, 2018
Posted April 18th, 2018

Options news you can use for Wednesday, April 18, 2018


Option Block 708: VIX Is Dead...Long Live VIX

Trading Block: What is happening that might move the markets? Calm coming soon? A silent Trump Twitter account helps. A calmer backdrop for equities would bring pain to speculators, or more kindly, reduce the value of their hedges. Earnings Season Is...
Posted April 17th, 2018

Trading Block: What is happening that might move the markets?

Earnings:

  • Monday - Netflix (after the bell) $307, ATM straddle $28, approx. 9%
  • Tuesday - IBM, Johnson & Johnson, United
  • Wednesday - American Express, Alcoa, Abbott
  • Thursday ? E*Trade
  • Friday - GE, P&G, Honeywell, Waste Management

Odd Block: More Jan 2019 50 "catastrophe" puts in Tesla Motors (TSLA). Closing roll to puts in Yandex NV (YNDX). Call love in Devon Energy Corp (DVN). Short puts in PagSeguro Digital Ltd (PAGS).

Strategy Block: Uncle Mike Tosaw discusses synthetic trades.

Around the Block/Economic Reports:

  • Apr 16 - Retail Sales, Business Inventories, Treasury International
  • Apr 17 - Housing Starts, Industrial Production
  • Apr 18 - Beige Book
  • Apr 19 - Jobless Claims

Options News Rundown: Tuesday, April 17, 2018

Options news you can use for Tuesday, April 17, 2018
Posted April 17th, 2018

Options news you can use for Tuesday, April 17, 2018


This Week in Futures Options 98: The Madness of Crude Oil

Special Guest Co-Host - Tracy Shuchart, @CHIGIRL Topics this week include: Crude/WTI Gold/Metals Futures Options Feedback/Volatility Flash Poll Which product/segment do you think will experience the most Volatility over the coming trading week...
Posted April 16th, 2018

Special Guest Co-Host - Tracy Shuchart, @CHIGIRL

Topics this week include:

  • Crude/WTI
  • Gold/Metals
  • Futures Options Feedback/Volatility Flash Poll

Which product/segment do you think will experience the most Volatility over the coming trading week (through the close on Friday 2/20) SPY SPX VIX WTI Crude Gold Bitcoin BTC GLD USO

  • S&P500: SPY, SPX. VIX
  • Gold: GLD, Come
  • Crude Oil: WTI, USO
  • Bitcoin: BTC

Listener questions and comments:

  • Question from Ken Aidan -I'm a crude swinger mostly trading short-term direction intraday in the futures. Are the options good for this use case or is that more for long term strategies?
  • Question from Luke T. - Why does USO suck so badly? Not sure why anyone would trade this over the futures?
  • Question from Thomas F. - I used to trade a lot of spy options but I've been lured over to the eMinis. Not sure why more people don't trade these things. What do you think it is that keeps people trading spy instead of eMini and what can be done to bring them to the dark side?
  • Question from Mark Brant -I'm partial to selling 45d straddles. Does QS highlight the highest IV% straddles of the CME products? It would be cool to sell the richest straddles daily!...45d straddle decay is the universal sweet spot to avoid gamma risk, but only at IV extremes, and even then one can lose a little. SPAN margin is ideal for CME straddles. I will gladly pay for 45d straddle IV reports. Rich straddles are an edge!
  • Question from GWCH: You buying that this cryptocurrency rally is based on the sharia law approval?
  • Question from BLIO3T:Which products are the ones that you guys have the hardest time wrapping your heads around? For me it's the hogs. No thanks.
  • Comment from Mark Brant:Long beans! Also NOB spread has no quit in it!
  • Question from Kennedy: Soros is getting into Crypto. Time to sell?

Volatility Views 301: Trade War Vs. Real War

Volatility Review: A look back at the week from a volatility perspective. VIX Cash is back in the teens. Could it possibly reach 15 again? The market is tanking and rallying on both trade war and real war concerns. VVIX - 97 VIX Options - ADV: 1.05M,...
Posted April 16th, 2018

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

  • VIX Cash is back in the teens. Could it possibly reach 15 again?
  • The market is tanking and rallying on both trade war and real war concerns.
  • VVIX - 97
  • VIX Options - ADV: 1.05M, VIX call/put: 2.2/1, Total 8.50m (5.85m Calls, 2.66m Puts)
  • Paper sells May 20/22 call spread and buy May 17 puts 84,000 times.
  • VXX - 47, almost unchanged from last week.
  • Bitcoin futures up another 400 today.

Volatility Voicemail: Volatility Flash Poll

  • Which product/segment do you think will experience the most Volatility over the coming trading week (through the close on Friday 2/20) SPY SPX VIX WTI Crude Gold Bitcoin BTC GLD USO
  • S&P500: SPY, SPX. VIX
  • Gold: GLD, Comex
  • Crude Oil: WTI, USOF
  • Bitcoin: BTC

Listener questions and comments:

  • Question from Loades - What will it take to get VIX back into the 15 handle?
    Comment from Jack -I'm with the questioner from last week. It's a huge pain to figure out which VIX future the weekly options are trading on. CBOE needs to hold more brokers feet to the fire to surface that stuff much more readily.
  • Question from Alfred - Any updates on the VIX whistle blower?
  • Comment from Chingis - Dudes, how about a weekly rundown of the hot VIX ETFs and ETNs?
  • Question from Elandra -If you could have your ideal volatility product what would it be?
  • Question from DKMan - Why no options on TVIX?

Crystal Ball: Wild prognostication

Last week:

  • Mark L. - 17.15
  • Mark S. - 17.89
  • Russell - 19.99

This week:

  • Mark L. - 17.17
  • Mark S. - 15.00

Options News Rundown: Monday, April 16, 2018

Options news you can use for Monday, April 16, 2018
Posted April 16th, 2018

Options news you can use for Monday, April 16, 2018


Trading Tech Talk 63: What the Heck Is a Smart Router?

CTO Interview: Today we feature special guest co-host Peter Maragos, CEO, Dash Financial. Catching up with Dash: When Peter was last on Dash had just acquired the LiquidPoint business from Convergex with the help of private equity firm GTCR. Now...
Posted April 13th, 2018

CTO Interview: Today we feature special guest co-host Peter Maragos, CEO, Dash Financial.

Catching up with Dash:

  • When Peter was last on Dash had just acquired the LiquidPoint business from Convergex with the help of private equity firm GTCR. Now they've just partnered with Flexpoint Ford, another PE firm. What was the impetus behind the second transaction?
  • Dash has an impressive suite of diverse products and services - smart order routers and algos, the Dash360 analytics platform, trading workflow tools, an options ATS and even human traders.
  • What are the upcoming projects/initiatives at Dash?
  • Peter's views on crypoto trading

Hot Topics in Tech: Smart Routers

  • Today's topic was inspired by the following listener question: Question from See16: Can you please do a deep dive into smart routers on a future program? They are the secret sauce of the market these days but no one really seems to understand how they work. Shedding some light on the otherwise dark world of routing would be a great service. Smart Routing Deep Dive: Quite a few things happen after you hit the trade button in the options market - probably much more than most people realize. Your order has to get routed from your broker/execution platform to the exchange. But it's not a simple path. That's where smart routers come in. What is a smart router? What do they do? What makes them smart? What are the different rules/filters/configurations that most smart routers have to consider? - NBBO, exchange fees, size, exchange pricing model, PIP auctions, payment for order flow rates, etc. What about resting orders? Are the smart routers constantly monitoring them and rerouting if necessary? Why do we need them in the options market? How do options smart routers differ from equity smart routers? Why have smart routers become so controversial in the options market? Spreads: This is the Achilles heel for many "smart" routers since every exchange has its own spread book and they don't talk to each other. So you could easily work a spread order that lines up on one exchange but, because your order was routed to a different spread book, your trade isn't filled. How do we overcome the spread routing issue in 2018? Is it a tech problem or a regulatory problem? Final thoughts/takeaways on smart routers?

The Inbox: Listener questions and comments

  • Question from Nikes T: Hey Options Insider! Love the network particularly the tech talk. We need more episodes! On an upcoming show do you think you guys could talk about why dark pools don't exist in the options market? Is it a tech limitation or something else?
  • Question from LaLaLad: Does block chain have any practical use on the trading front or is it all just back office stuff?

Option Block 707: When to Roll Short Puts

Trading Block: A look back at what moved the market this week Volatility ETFs nearly double. Top Performing ETFs of the Year Bitcoin?s Price Jumps $1,000 In 30 Minutes Of Market Growth Across The Board Why Bitcoin Behaves Like the Flu Odd Block:...
Posted April 13th, 2018

Trading Block: A look back at what moved the market this week

Odd Block: More Jan 2019 50 "Catastrophe" puts in Tesla Motors (TSLA), sweep puts in CNH Industrial NV (CNHI), line in the sand puts in L Brands Inc (LB), call butterfly in Facebook (FB)

Strategy Block: ;Uncle Mike Tosaw discusses when to close shorts

Mail Block: Options question of the week

SPOT is the latest hot #IPO to join the #Options market. So many recent #Options listings started off hot then suddenly cooled. So we have to ask - which hot recent #IPO will you still be slinging #Options on in 2019?

  • SPOT
  • DBX
  • SNAP
  • Other (Reply/DM w/choice)

Listener questions and comments:

  • Question from Ladmos - Feeling the pain on this TSLA rundown. Probably should have rolled my puts last week rather than waiting for this week when they are now ITM. If stock hits $295 then I?m definitely pulling the trigger. How do you guys determine when to roll? Is it stock based or option price/volatility based? Question from Bob Thompson: I would like to know the best options strategy to use with a small account?
  • Around the Block/Economic Reports:
  • Apr 13: Consumer Sentiment, JOLTS

Options News Rundown: Friday, April 13, 2018

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

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


Options Playbook Radio 204: NFLX Butterfly Before Earnings

In this episode, Brian looks at a NFLX butterfly before earnings, including: Selecting strikes & expiration Watch out for skew Plan the trade, trade the plan And more...
Posted April 12th, 2018

In this episode, Brian looks at a NFLX butterfly before earnings, including:

  • Selecting strikes & expiration
  • Watch out for skew
  • Plan the trade, trade the plan
  • And more...

Options News Rundown: Thursday, April 12, 2018

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

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


Options News Rundown: Wednesday, April 11, 2018

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

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


Option Block 706: VIX Likes Stormy Daniels

Trading Block WWE stock selling off post Wrestlemania - still very lofty. Big contracts today - April 34 puts and April 40 calls. Spotify options starting on April 9. Big launch day for Dropbox with nearly 10k contracts. Odd Block: Some of the...
Posted April 10th, 2018

Trading Block WWE stock selling off post Wrestlemania - still very lofty. Big contracts today - April 34 puts and April 40 calls. Spotify options starting on April 9. Big launch day for Dropbox with nearly 10k contracts.

Odd Block: Some of the stranger paper we saw trade today

  • More Jan 2019 50 "Catastrophe" puts in Tesla Motors (TSLA)
  • Weekly call palooza in GameStop Corp. (GME)
  • Someone spooked in VanEck Vectors Russia ETF (RSX)
  • Rolling down calls in Yandex NV (YNDX)

Mail Block: Options question of the week

SPOT is the latest hot #IPO to join the #Options market. So many recent #Options listings started off hot then suddenly cooled. So we have to ask - which hot recent #IPO will you still be slinging #Options on in 2019?

  • SPOT
  • DBX
  • SNAP
  • Other (Reply/DM w/choice)

Listener questions and comments:

  • Question from Mark Davis - Hello, I have written in previously and got some great feedback on my question, so hoping you can help me out again.I am still playing (paper trading) with options while in my real account I purchase shares outright. After having quite a few good years, with the increase in volatility lately I have taken some pretty rough hits, so far for the YTD I lost about 16% of my portfolio. I should also mention I currently only deal with Index funds (S&P, International, & Small cap). I go in and out of these stocks based on various parameters that may have me holding a certain stock for less than a month to a little more than a month. Is your stock replacement strategy a good use for this or maybe not since time horizon is generally not long. Example. Tomorrow I may buy 100 Shares of SPY @ 25 each, likely selling the shares in about 20 days. I am trying to figure a way to get the same (or close to same) movement as if I owned the shares outright while limiting the downside of at least setting a li e in the sand. I am having trouble wrapping my head around the right strategy or if what I want to do is even possible. So in the example above my portfolio had I bought outright and the stock is at 30 in 20 days I'm at $500 but what do I do to get close to this using Options. On the flip side if SPY was at 20, I am thinking there is a way that I would can protect myself from losing some of that $500. Another thing I'm not sure of when doing this should I only be buying enough Contracts that I could afford it were I to exercise the options, i.e. if I have $200 in my account and the underlying is $1/share would I only want to buy 2 calls even though I would ideally have enough money to buy more contracts? Thanks for your feedback

Around the Block/Economic Reports:

  • Apr 10 - PPI
  • Apr 11 - CPI, FOMC Minutes, Treasury Budget
  • Apr 12 - Jobless Claims
  • Apr 13 - Consumer Sentiment, JOLTS

Options News Rundown: Tuesday, April 10, 2018

Options news you can use for Tuesday, April 10, 2018
Posted April 10th, 2018

Options news you can use for Tuesday, April 10, 2018


This Week in Futures Options 97: Tariff Battle Explodes Ag Volatility

Today's episode features special guest co-host Todd Colvin, Senior Vice President at Ambrosino Brothers. Topics this week include: Soybeans Corn Hogs Energy/Crude oil Rates Indices Metals/Gold
Posted April 9th, 2018

Today's episode features special guest co-host Todd Colvin, Senior Vice President at Ambrosino Brothers.

Topics this week include:

  • Soybeans
  • Corn
  • Hogs
  • Energy/Crude oil
  • Rates
  • Indices
  • Metals/Gold

Volatility Views 300: Trade Wars Shed More Blood

Volatility Review: A look back at the week from a volatility perspective Happy 25th Birthday of VIX! This week CBOE is launching a month-long celebration of the 25th anniversary of the introduction of the CBOE Volatility Index (VIX Index), which CBOE...
Posted April 9th, 2018

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

  • Happy 25th Birthday of VIX!
  • This week CBOE is launching a month-long celebration of the 25th anniversary of the introduction of the CBOE Volatility Index (VIX Index), which CBOE began publishing in April 1993.
  • VIX cash is back in the teens.
  • The market is tanking and rallying on trade war concerns.
  • VVIX - 92

Russell's Weekly Rundown

  • VIX Options: ADV - 1.05M, VIX call/put - 2.3/1, Total 8.06m (5.57m Calls, 2.49m Puts)

Volatility Voicemail: Listener questions and comments

  • Question from HFL9 -Would you rather see options on bitcoin futures or more futures listed on more crypto products first?
  • Question from Lil Nicker - How do I tell which future a VIX options trades off of?
  • Question from Barry -How do I tell which future my VIX options are priced from? I've been looking at some calls expiring on April 18th. Thanks for the shows.
  • Question from Mark Clyde Brant -Will rising vol persist all year? VIX above 20, VXX above 40, half the time?

Crystal Ball: Wild and reckless prognostication

Last week:

  • Mark L. - 16.85
  • Andrew - 17.76
  • Euan - 19.50

This week:

  • Mark L. - 17.15
  • Mark S. - 17.89
  • Russell - 19.99

Options News Rundown: Monday, April 9, 2018

Options news you can use for Monday, April 9, 2018
Posted April 9th, 2018

Options news you can use for Monday, April 9, 2018


Option Block 705: The Bulls Strike Back

Trading Block: TSLA - up $50 in a few days. FB up over $7 since yesterday. SPOT options start on April 9. Dropbox has a big launch day with nearly 10k contracts. OCC cleared contract volume up 15% in March. Odd Block: More Jan 2019 50"Catastrophe"...
Posted April 6th, 2018

Trading Block: TSLA - up $50 in a few days. FB up over $7 since yesterday. SPOT options start on April 9. Dropbox has a big launch day with nearly 10k contracts. OCC cleared contract volume up 15% in March.

Odd Block: More Jan 2019 50"Catastrophe" puts in Tesla Motors (TSLA), weekly call-palooza in GameStop Corp. (GME), crazy call spread in Energy Transfer Partners LP (ETP), and call love in Array Biopharma Inc. (ARRY).

Strategy Block: Uncle Mike Tosaw discusses selling a spread vs buying a spread.

Mail Block: Options Broker Madness

  • The battle is over - there can only be one. Congratulations to the 2018 #Options #BrokerMadness champions @TheTastyWorks! Thanks to all who participated.

Listener questions and comments:

  • Question from Jilian - The whole inverse volatility thing has me spooked about other inverse ETFs like SQQQ (3X short nasdaq 100), UVXY and SDS (2X short S&P 500). Should I be worried that these can be wiped out next?

Around the Block/Economic Reports:

  • Apr 4: Jobless Claims, International Trade
  • Apr 5: Unemployment

Options Insider Radio Interviews: Talking Technical Analysis with Prognos Analytics

In this episode, Mark is joined by Tony Kolton, Founder and CEO of Prognos Analytics. They discuss: Tony's background in the options industry Surviving the crash of '87 The genesis of his research methodology Options Geiger counter Determining what...
Posted April 5th, 2018

In this episode, Mark is joined by Tony Kolton, Founder and CEO of Prognos Analytics.

They discuss:

  • Tony's background in the options industry
  • Surviving the crash of '87
  • The genesis of his research methodology
  • Options Geiger counter
  • Determining what the "smart" money is doing
  • WYNN, TSLA
  • Crypto, crypto, crypto
  • What is the purest asset class?
  • How to learn more about Prognos

Options Playbook Radio 203: Short-Term UNH Butterfly

We are back in the saddle discussing options strategies. As we are a few days away from earnings, let's look at something that is not driven by earnings. While we're waiting for volatility to slow down, let's look at a short-term butterfly in UNH. You...
Posted April 5th, 2018

We are back in the saddle discussing options strategies. As we are a few days away from earnings, let's look at something that is not driven by earnings. While we're waiting for volatility to slow down, let's look at a short-term butterfly in UNH. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, or on the Amazon Kindle edition.

Specifically:

  • UNH announces earnings on 4/16
  • Doing a very short-term butterfly to not contain earnings
  • What are we hoping to happen?
  • What is the implied volatility?
  • Selecting strikes
  • Setting up the trade
  • What is the maximum risk? Reward?
  • What about time decay?

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, April 5, 2018

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

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


Options News Rundown: Wednesday, April 4, 2018

Options news you can use for Wednesday, April 4, 2018
Posted April 4th, 2018

Options news you can use for Wednesday, April 4, 2018


Option Block 704: The Streets Run With Blood

Trading Block: OCC Cleared contract volume up 15% in March. Highest first quarter volume and highest first quarter for equity options on record. Cleared futures average daily volume for quarter up six percent from Q1 2017. Odd Block: More Jan 2019 50...
Posted April 3rd, 2018

Trading Block: OCC Cleared contract volume up 15% in March. Highest first quarter volume and highest first quarter for equity options on record. Cleared futures average daily volume for quarter up six percent from Q1 2017.

Odd Block: More Jan 2019 50 "Catastrophe" puts in Tesla Motors (TSLA); put-palooza in SPDR S&P Biotech (XBI), call-palooza in GameStop Corp. (GME), and rolling puts in The Hartford Financial Services Group (HIG).

Mail Block: It's the finals!

  • TastyWorks vs Lightspeed!
  • Comment from MarkClydeBrant1 -Got free options from Robin Hood and very impressed! Super-fast but only cash secured trades for now. Ideal for newbies because everything is explained simply at every step. Pros will love the speed! App trading is the best! Remember SS futures? Ha-ha
  • Comment from KToddMorgan - WNSSS, while a cool new name, haven't fared much better lately. I'm betting that changes, but as of yet, they're getting whacked too.

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


Options News Rundown: Monday, April 2, 2018

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

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


Best of Volatility Views: The Year VIX Died

Volatility Review: A look back at 2017 from a volatility perspective. VIX cash was back in double digits, briefly. Kevin's Weekly Rundown: VIX Options: ADV - 672k, VIX call/put - 4, Total 9.78m (7.83m Calls, 1.94m Puts) Looking back on the 2017:...
Posted March 30th, 2018

Volatility Review: A look back at 2017 from a volatility perspective.

  • VIX cash was back in double digits, briefly.

Kevin's Weekly Rundown:

  • VIX Options: ADV - 672k, VIX call/put - 4, Total 9.78m (7.83m Calls, 1.94m Puts)
  • Looking back on the 2017: The year without volatility.
  • Which trades stood out to you in 2017?
  • CBOE files to list 6 bitcoin ETFs after being first major exchange to trade cryptocurrency futures.

Crystal Ball: Your prognostication headquarters

Last week:

  • Mark L. - 9.65
  • Andrew - 8.99
  • Russell - 9.25

Where will VIX close at the end of 2018?

  • Mark L. - 17.25
  • Mark S. - 11.01
  • Kevin - 14.04

The Best of This Week in Futures Options: The Big 2017 Wrap-Up Palooza

Topics this week include: WTI Gold Bitcoin Futures Options Feedback: The final options question of the week for 2017. Our Final #QOTW for 2017 is an easy one. Quite simply: what is your enduring market memory/event/trend/etc. of 2017? Have a...
Posted March 30th, 2018

Topics this week include:

  • WTI
  • Gold
  • Bitcoin

Futures Options Feedback: The final options question of the week for 2017.

Our Final #QOTW for 2017 is an easy one. Quite simply: what is your enduring market memory/event/trend/etc. of 2017? Have a suggestion of your own? We encourage you to choose "Other" and send in your thoughts. We'll share the interesting ones on the network. Happy New Year!

  • Death of Volatility/VIX
  • Rise of Bitcoin
  • The Unstoppable Bull
  • Other: Reply/DM w/ideas
  • Comment from Olivewanabroker: The oats bull market. Very important.

Option Block 703: Mystery TSLA Puts for the Win

TRADING BLOCK Is the trade war over? Market back in rally mode. VIX off a few handles. Have the FANGs been de-fanged? Opinion: If the FAANGs have got you down, it's time to win with the WNSSS stocks ...
Posted March 30th, 2018

TRADING BLOCK

ODD BLOCK

  • More Jan 2019 50 "catastrophe" puts in Tesla Motors (TSLA)
  • Call love in Kellogg Company (K)
  • Mid-market love in Eldorado Resorts Inc. (ERI)

STRATEGY BLOCK

The Rock Lobster discusses the "VIX Zone" concept

AROUND THE BLOCK

It's Final Four time!

  • Battle 1: Tasty vs. Ally Invest (TradeKing)
  • Battle 2: Tradestation vs. Lightspeed

Advisors Option 65: A Little Volatility Goes A Long Way

Tricks of the Trade featuring Special Guest Co-Host: Jon Cherry, Head of U.S. Options, Northern Trust - Capital Markets. Looking back at the recent tariff-induced market volatility. We've seen violent selloff and equally violent rallies. What are...
Posted March 29th, 2018

Tricks of the Trade featuring Special Guest Co-Host: Jon Cherry, Head of U.S. Options, Northern Trust - Capital Markets.

  • Looking back at the recent tariff-induced market volatility.
  • We've seen violent selloff and equally violent rallies.
  • What are your thought on the recent market volatility?
  • How can options be implemented on behalf of clients in these types of markets?

The Buzz: What do informed advisors need to know?

Office Hours: What is on your mind?

  • Question from Ed Bankert - Debating on using covered calls or short puts. Which is better for a less experienced options trader who wants to make money?
  • 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 JohnnyBananas -Quick question, if you buy a put option and the strike price is $5 and the stock drops to $3, is it still worth $ even if it's 3$ under - even though my strike price is 5$?? So if the stock price is $7 drop to 5(strike), but end up going to 3, my option is worth ~$4? So I don't have to sell if I reach my strike price? Is this the same with call options? What confuses me is the strike$. #learning

Options Playbook Radio 202: Huddle Edition

It's time to huddle up, in which Brian and Mark address listener questions and comments. In this episode: Question from Ed Bankert: Debating on using covered calls or short puts. Which is better for a less experienced options trader who wants to make...
Posted March 29th, 2018

It's time to huddle up, in which Brian and Mark address listener questions and comments.

In this episode:

  • Question from Ed Bankert: Debating on using covered calls or short puts. Which is better for a less experienced options trader who wants to make money?
  • Question from Duffy: How do you handle the fixed-time aspect of trading options?
  • 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.

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, March 29, 2018

Options news you can use for Thursday, March 29, 2018
Posted March 29th, 2018

Options news you can use for Thursday, March 29, 2018


Options Insider Special Events: Finding the Edge - How Options Traders Use Alternative Datasets

The explosion of new alternative datasets emerging every day adds an exciting yet daunting spin for the capital markets industry. The challenges of assessing alt data ? such as the wide range of data and types available, lack of historical analysis...
Posted March 28th, 2018

The explosion of new alternative datasets emerging every day adds an exciting yet daunting spin for the capital markets industry. The challenges of assessing alt data ? such as the wide range of data and types available, lack of historical analysis and alignment of data sourcing ? can make it time-consuming and difficult to ingest and take action.

Our esteemed panel of industry experts weighed the opportunities and risks associated with alternative data for options and equities traders as well as quantitative analysts and portfolio managers.

The panelists included:

  • Catherine Clay (moderator) Vice President, Global Head of Information Solutions, Cboe
  • Michael Izhaky CEO, FT Options
  • Henry Schwartz President, TradeAlert
  • Barry L. Star CEO, Wall Street Horizon
  • Robin Mess CEO, big xyt

Options News Rundown: Wednesday, March 28, 2018

Options news you can use for Wednesday, March 28, 2018.
Posted March 28th, 2018

Options news you can use for Wednesday, March 28, 2018.


Option Block 702: The Apocalypse Is Over...For Now

Trading Block: The market is back in rally mode, is the trade war over? VIX off a few handles. Tesla breaks the magical $300 level. The Facebook selloff continues. Odd Block: More Jan 2019 50 "Catastrophe" puts in Tesla Motors (TSLA), funky stupid in...
Posted March 27th, 2018

Trading Block: The market is back in rally mode, is the trade war over? VIX off a few handles. Tesla breaks the magical $300 level. The Facebook selloff continues.

Odd Block: More Jan 2019 50 "Catastrophe" puts in Tesla Motors (TSLA), funky stupid in MGM Resorts International (MGM), buying Jan upside in Newmont Mining Corp (NEM), and size call sweep in Finish Line Inc. (FINL)

Mail Block: It's Madness

  • We have 2 more match ups to see who makes it to the #FinalFour of #BrokerMadness. Next up, @TradeStation vs. @IBKR.
  • Second match up for #options #brokermadness #FinalFour placement sees @AllyInvest taking on @RobinhoodApp. @AllyInvest (as TradeKing) won the whole tournament two years ago. Will @RobinhoodApp crush that dream?

Around the Block: Will the uptick continue? What about Facebook?


Options News Rundown: Tuesday, March 27, 2018

Options news you can use for Tuesday, March 27, 2018
Posted March 27th, 2018

Options news you can use for Tuesday, March 27, 2018


This Week in Futures Options 96: Breaking Down Big Moves in Crude, Gold and Indices

Topics this week include: Crude/WTI Gold Indices Winners: Heating Oil, WTI Losers: Oats, KC Wheat Futures Options Feedback: Listeners have their say Question from Anders - Can we get some Ags on the TWIFO show this week? Question from Neil Brennan...
Posted March 26th, 2018

Topics this week include:

  • Crude/WTI
  • Gold
  • Indices
  • Winners: Heating Oil, WTI
  • Losers: Oats, KC Wheat

Futures Options Feedback: Listeners have their say

  • Question from Anders - Can we get some Ags on the TWIFO show this week?
  • Question from Neil Brennan - Nick has ATM implieds for #crypto can he also interpolate skews?

Volatility Views 299: VIX Is Back...Again

Volatility Review Segment: A look back at the week from a volatility perspective The market in tanking on trade war concerns. Steel tariffs - officials are not loving it. VIX cash is back in the 20's this week. VVIX - 122; VIX Options: ADV - 1M, VIX...
Posted March 26th, 2018

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

  • The market in tanking on trade war concerns.
  • Steel tariffs - officials are not loving it.
  • VIX cash is back in the 20's this week.
  • VVIX - 122; VIX Options: ADV - 1M, VIX call/put - 2.4/1, Total 7.26m (5.11m Calls, 2.15m Puts)
  • How's the VIX July 10-75 strangle?

Volatility Voicemail: Listeners weigh in

  • 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 JelloFan - VXX 1-yr 50% OTM puts plus VIX 3 month 15% OTM call verticals - 5 or 10 handles wide. Is that the secret sauce?
  • Question from LNC -$SVXY calls suck now. What about selling the puts? Is there any juice in those or have they been drained as well by the bid redo last week?
  • Question from Oswald -Are you part of the SVXY class action?

Crystal Ball: Your prognostication headquarters

Last week

  • Mark L. - 15.15
  • Andrew - 14.75

This week

  • Mark L. - 16.85
  • Mark S. - 17.76
  • Euan - 19.50

Options Insider Radio Interviews: Fighting For Screen Real Estate with Fidessa

In this episode, Mark is joined by Yuriy Shterk, the Head of Product Management for Derivatives - Americas at Fidessa. They discuss: Is there a particular product the are focusing on these days? How has the increase in volatility impacted their...
Posted March 26th, 2018

In this episode, Mark is joined by Yuriy Shterk, the Head of Product Management for Derivatives - Americas at Fidessa.

They discuss:

  • Is there a particular product the are focusing on these days?
  • How has the increase in volatility impacted their clients?
  • Volatility is bringing in new participants to the market
  • Where is the biggest up-tick in activity?
  • Any plans to enter the crypto space?
  • Fidessa's options trading tools
  • Post-trade work flow optimization
  • Fighting for screen real estate
  • And more...

Option Block 701: Revenge of the Trade War

Trading Block: The market is tanking on trade war concerns: Trump is at it again. Volatility returns - VIX back in the 20s. The tech selloff continues - FB closed $185 on 3/16 - traded as low as $163.72 today, down nearly 12%. Fed hikes rates as...
Posted March 23rd, 2018

Trading Block:

  • The market is tanking on trade war concerns: Trump is at it again.
  • Volatility returns - VIX back in the 20s.
  • The tech selloff continues - FB closed $185 on 3/16 - traded as low as $163.72 today, down nearly 12%.
  • Fed hikes rates as expected.
  • US weekly jobless claims total 226,000, in line with expectations
  • Earnings: NKE: $65.30, ATM straddle - $3.60, approx. 5.5%

Odd Block: Calls trade in Deere & Company (DE), puts trade in CNH Industrial NV (CNHI) and split ticket calls in TC Pipelines LP (TRP).

Strategy Block: Uncle Mike Tosaw discusses selling naked puts

Mail Block: Listener questions and comments

  • Question from Ed Bankert - Debating on using covered calls or short puts. Which is better for a less experienced options trader who wants to make money?
  • Question from Scott Somer? - WMT now below 100 premarket @Options @OptionPit @OptionVol How is that proposed @CBOE premarket earnings related equity options pilot going?

Around the Block/Economic Reports

  • Mar 23: Durable Goods, New Home Sales

Options News Rundown: Friday, March 23, 2018

Options news you can use for Friday, March 23, 2018
Posted March 23rd, 2018

Options news you can use for Friday, March 23, 2018


The Options News RundownAudio

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

The Options Insider Radio NetworkAudio

All of our radio programs in one convenient place.

Options Insider RadioAudio

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

The Option BlockAudio

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

Volatility ViewsAudio

The premier radio program for volatility traders.

The Long And Short Of Futures OptionsAudio

Your source for futures options information.

The Advisor's OptionAudio

Arming advisors with the info necessary to manage risk.

Options Boot CampAudio

Get into peak options trading shape.

Options Insider Special EventsAudio

Compelling panel & special event recordings from the options world.

OIC's Wide World of OptionsAudio

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.
x

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