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

Options News Rundown: February 23, 2018

Options news you can use for Friday, February 23, 2018.
Posted February 24th, 2018

Options news you can use for Friday, February 23, 2018.


Option Block 693: Back in the Saddle Again

Option Block 693: Back in the Saddle Again TRADING BLOCK Half-time report for earnings: INTU - $173, ATM straddle - $10.50, approx. 6% GDDY - $55.45, ATM straddle - $4.30, approx. 7.8% ODD BLOCK More Jan 2019 50 ?Catastrophe?...
Posted February 23rd, 2018

Option Block 693: Back in the Saddle Again

TRADING BLOCK

Half-time report for earnings:

INTU - $173, ATM straddle - $10.50, approx. 6%

GDDY - $55.45, ATM straddle - $4.30, approx. 7.8%

ODD BLOCK

More Jan 2019 50 ?Catastrophe? puts in Tesla Motors Inc.

Puts roll in iShares S&P 500 Index Fund (XSP)

Size 1x2s in ILG Inc. (ILG)

STRATEGY BLOCK

Mike Tosaw discusses the 1x2 ratio call spread

AROUND THE BLOCK


Options Playbook Radio 197: PCLN Skip-Strike Butterfly

As we enter the end of earnings season, there are still a few big names left to report, including Priceline, PCLN. This is an interesting opportunity for a skip-strike butterfly. You can find more on page 108 of The Options Playbook, which is always...
Posted February 22nd, 2018

As we enter the end of earnings season, there are still a few big names left to report, including Priceline, PCLN. This is an interesting opportunity for a skip-strike butterfly. You can find more on page 108 of The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition.

Specifically:

  • Earnings + expiration + implied volatility = interesting situation
  • Goal: do the trade for a net credit
  • PLCN announces earnings on 2/27
  • What is the expected move?
  • What is the implied volatility?
  • Selecting the strikes
  • Remember commissions!
  • What's the risk? Reward?
  • When to get out?

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, February 22

Options news you can use for Thursday, February 22
Posted February 22nd, 2018

Options news you can use for Thursday, February 22


Options News Rundown: Wednesday, February 21

Options news you can use for Wednesday, February 21
Posted February 21st, 2018

Options news you can use for Wednesday, February 21


Options News Rundown: Tuesday, February 20, 2018

Options news you can use for Tuesday, February 20, 2018
Posted February 20th, 2018

Options news you can use for Tuesday, February 20, 2018


Advisors Option 64: Looking Back on the Apocalypse

The Buzz: Looking back at one of the craziest weeks in market history. What are everyone's thought on the historic developments in the market last week? Specifically the VIX surge and SPX selloff. What was the outlook in the Swan offices last week?...
Posted February 20th, 2018

The Buzz:


This Week in Futures Options 91: Unpacking a Wild Week

Topics this week include: eMini S&P WTI/Crude Gold Bitcoin Futures Options Feedback: What is on your mind? Question from Scott Somer?: The question I have is, How is the call skew between the July 450 puts and the 550 calls in July Wheat? And...
Posted February 19th, 2018

Topics this week include:

  • eMini S&P
  • WTI/Crude
  • Gold
  • Bitcoin

Futures Options Feedback: What is on your mind?

  • Question from Scott Somer?: The question I have is, How is the call skew between the July 450 puts and the 550 calls in July Wheat? And how far does call skew get when the markets are in FULL WEATHER mode?
  • Question from Chill Bill: Are there any inverse commodity volatility products?

Volatility Views 294: Can We Breathe Again?

Volatility Review: VIX Cash is back in the teens. Are VIX Futures returning to contango? Volatility's awakening spurs a record long position in VIX Futures. Kevin's Weekly Rundown: VIX Options: ADV - 983k, VIX call/put: 2.3, Total 10.6m (7.30m Calls,...
Posted February 19th, 2018

Volatility Review: VIX Cash is back in the teens. Are VIX Futures returning to contango? Volatility's awakening spurs a record long position in VIX Futures.

Kevin's Weekly Rundown:

  • VIX Options: ADV - 983k, VIX call/put: 2.3, Total 10.6m (7.30m Calls, 3.26m Puts)
  • The VIX Whale finally gets his payday
  • The great inverse volatility ETP debate continues.

Volatility Voicemail: Options question of the week

It's been a rocky week for the markets. People are understandably scared and confused. That raises the question: Which product are you most concerned about over the next 30 days? Aka - which product would you not touch with a 10-foot pole?

  • VIX
  • SVXY
  • SPY
  • Bitcoin: XBT, BTC, etc.

Listener questions and comments:

  • Question from Volbug: Mark and friends, now that SVXY has been reset or beaten, would another big VIX surge day have the same impact on it? Thanks.
  • Comment from Pete Yarbro? - I feel like I have a better understanding of $VIX, $VX and the volatility ETFs than some very high profile stock market commentators, and all I do is listen to a podcast. @Options @OptionPit @OptionVol
  • Comment from Dog Shogun - Vol Views rules
  • Comment from Olivetrader2 - It's amazing what you can learn from podcasts. I am not sure I want to tell everybody though

Crystal Ball: Back to wild and reckless prognostication

Next week:

  • Mark L. - 17.55
  • Mark S. - 16
  • Kevin - 19

Option Block 692: Mixing Things Up A Bit

Trading Block: Is the VIX "Whistleblower" just more noise or it there some teeth this time? Volatility's awakening spurs record long position in VIX futures. Strategy Block: Discusses legging into OTM vertical call spreads Odd Block: More JAN 2019 50...
Posted February 16th, 2018

Trading Block: Is the VIX "Whistleblower" just more noise or it there some teeth this time? Volatility's awakening spurs record long position in VIX futures.

Strategy Block: Discusses legging into OTM vertical call spreads

Odd Block: More JAN 2019 50 "Catastrophe" puts in Tesla Motors (TSLA), long-term put love in Community Health Systems (CYH), and calls trade in Radian Group Inc. (RDN).

Mail Block: Options question of the week

It's been a rocky week for the markets. People are understandably scared and confused. That raises the question: Which product are you most concerned about over the next 30 days? Which product would you not touch with a 10-foot pole?

  • VIX
  • SVXY
  • SPY
  • Bitcoin: XBT, BTC, etc.

Listener questions and comments:

  • Comment from Matt Williamson - Good guesses and discussion. It's much simpler. $5 covered calls trading for $4.30. Again, why? How? Buy the $5 put and arb for 15% ROI!...Sure. I bought some 15s, some 20s, some 5s. Guess no one is concerned about a 97% correction over the next year...
  • Question from J3dingle - Hi Mark, In yesterday's Option Block, you said you personally took an options position in SVXY. I was curious, if you could say, what kind of position a pro takes. Thanks, Joseph
  • Comment from Scott Somer - Another day another day with a very large sell off heading into the start of the Option Block and an up move in the S&P Futures during the "Trading Block" #OptionInsiderRadio #OptionBlock #GreasyMeatball #RockLobster...If we get a Rule 80B Sell off, that will finish off $SVXY unless second month VIX Futures are north of 40.
  • Comment from MrMagoo? - There are no regulators working under Trump. It's a free for all with HFTs eating retailers for lunch.

Around the Block: How will VIX run going forward? S&P closed three points above the 200-day moving average. Can we make another run at the all-time highs?


Trading Tech Talk 62: Exploring the Nexus of Machine Learning, AI and the Options Markets

Mark is joined by co-host Matt Amberson, Principal at Option Research & Technology Services (ORATS). CTO Interview: Our gest today is Michael Mescher, Founder of Gammon Capital. He discusses: What is Gammon Capital? You've talked a lot about the...
Posted February 16th, 2018

Mark is joined by co-host Matt Amberson, Principal at Option Research & Technology Services (ORATS).

CTO Interview: Our gest today is Michael Mescher, Founder of Gammon Capital.

He discusses:

  • What is Gammon Capital?
  • You've talked a lot about the dangers of selling volatility and how short vol managers aren't worth their fees. What are your thoughts on the maelstrom of the past week? How have your funds fared over the past week?
  • Machine learning is a hot buzzword these days, but what are some of the practical applications that you're seeing in the financial markets right now? Is it ready for prime time or still in the nascent phase?
  • Unsupervised learning/ fundamental strategies?
  • Supervised learning / quantitative strategies?
  • Classification vs. Regression problems
  • Hiring machine learning specialists vs. Products specialists
  • 90% of the world's data was created in the past two years. Is that an opportunity or a terrifying statistic?
  • Testing models on out-of-sample data vs. carefully constructed back tests?
  • Should managers be concerned that the robots are coming to take their jobs and their clients?

The Inbox: Listener questions and comments

  • Question from BLAL9 - What do you see as the outlook for AI and machine learning in the financial management space going forward? I see a lot of smoke but is there much fire? Are there many funds currently using it to generate alpha right now?
  • Question from Tonc - What are the best ways to invest in blockchain right now?
  • Question from Mark Kalis - How are comps getting the edge on us in trading? Is it just pure correlation trading?
  • Comment from tDok3 - No debate to be had there. It's a simple & foregone conclusion. Higher fees ==> lower participation perhaps goal for CB market manipulation
    In response to tweet: Are exchanges shooting themselves in the foot by continually hiking market data fees?
  • 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.

Options News Rundown: Thursday, February 15, 2018

Options news you can use for Thursday, February 15, 2018
Posted February 15th, 2018

Options news you can use for Thursday, February 15, 2018


OICs Wide World of Options 46: How To Get Started in Options and Investor Services

WWoO 46: How To Get Started in Options and Investor Services Host Joe Burgoyne welcomes back Dan Sheridan who will discuss what investors need to know about trading options. Then on Profiles & Perspectives, Ed Modla of OIC's Investor...
Posted February 15th, 2018

WWoO 46: How To Get Started in Options and Investor Services

Host Joe Burgoyne welcomes back Dan Sheridan who will discuss what investors need to know about trading options. Then on Profiles & Perspectives, Ed Modla of OIC's Investor Services team provides some historical context to OCC's role in the industry.


Options Playbook Radio 196: Short-Term WYNN Butterfly

We are back to the playbook this week and taking a close look at Wynn Resorts. There is a lot of volatility in the stock these days with the CEO in the news quite a bit these days. We are looking at a very short-term butterfly. You can find more on...
Posted February 14th, 2018

We are back to the playbook this week and taking a close look at Wynn Resorts. There is a lot of volatility in the stock these days with the CEO in the news quite a bit these days. We are looking at a very short-term butterfly. You can find more on page 104 of The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition.

Specifically:

  • Why a very short-term trade?
  • What is the desired outcome?
  • What about the stock going ex-dividend?
  • Setting up the trade
  • Why use puts?
  • Selecting strikes
  • What is the cost?
  • When to get out?
  • Looking at net theta versus net delta

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, February 14, 2018

Options news you can use for Wednesday, February 14, 2018
Posted February 14th, 2018

Options news you can use for Wednesday, February 14, 2018


Option Block 691: The Calm After the Storm

Trading Block: One week later, how is everyone doing? SPY is back in rally mode. VIX back in the mid-20s. It's been a wild week for CBOE. Stock took a hit, threatened $100, now rallying up 4%. Earnings this week include APRN, before the bell tomorrow....
Posted February 14th, 2018

Trading Block: One week later, how is everyone doing? SPY is back in rally mode. VIX back in the mid-20s. It's been a wild week for CBOE. Stock took a hit, threatened $100, now rallying up 4%. Earnings this week include APRN, before the bell tomorrow. ATM straddle $0.65, approx. 20%. Volatility's awakening spurs a record long position in VIX Futures

Odd Block: Review from 2/8: Someone unloading calls in (UNP), Pre earnings action in Under Armor (UAA).

Mail Block: Options question of the week

VIX is moving like crazy today. It's already blown past 23 and is threatening 35. So let's dial up our $VIX threshold for extra #ZombieApocalypse fun. You buying or selling these levels? Quite Simply: Where will $VIX close on Friday?

  • 21% - Crazy Town: 30-35
  • 22% - ZombieApocalypse: >35
  • 19% - Crazy: 25-30
  • 38% - Mildly Crazy: <25

Options question of the week, part two: It's been a rocky week for the markets. People are understandably scared and confused. That raises the question: Which product are you most concerned about over the next 30 days? Which product would you not touch with a 10-foot pole?

  • VIX
  • SVXY
  • SPY
  • Bitcoin: XBT, BTC, etc.

Listener questions and comments:

  • Follow-up from Matt Williamson - Disclosure time: I'm in those FB $5.00 calls. But why??? I think Mike will see it first...No, you were actually close with your box theory. I just think Mike be the first to slap his forehead.
  • Question from JohnnyBananas1 - If you buy a put option and the strike price is $5 and the 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 and my option is worth ~$4?...so I don't have to sell if I reach my strike price? Is the same with call options? That's what confuses me is the strike$. #learning
  • Question from Chris T. - The most I can lose buying SVXY is the price I pay, correct? So can I buy it ~$10 and treat it like a lotto ticket call?

Around the Block: Earnings! Blue Apron, Under Armor. Can we get back into positive territory for the year in the S&P? Can get get three days of up? Or a couple of days of "not up so much"?


Options News Rundown: Tuesday, February 13, 2018

Options news you can use for Tuesday, February 13, 2018
Posted February 13th, 2018

Options news you can use for Tuesday, February 13, 2018


This Week in Futures Options 90: The Revenge of Volatility

Topics this week include: Indices Crude Bitcoin Winners: Soybean meal, EuroDollar Losers: WTI, Heating Oil Futures Options Feedback: Listener questions and comments Question from Jill - What happened to S&P skew after this week's selloff?...
Posted February 12th, 2018

Topics this week include:

  • Indices
  • Crude
  • Bitcoin
  • Winners: Soybean meal, EuroDollar
  • Losers: WTI, Heating Oil

Futures Options Feedback: Listener questions and comments

  • Question from Jill - What happened to S&P skew after this week's selloff?
  • Comment from Volvic - Liked all the rates talk. More of that please.
  • Question from El Nino3 - Are the skews between eMini, SPY and SPX all correlated?
  • Question from McNuggins - Fun show! Maybe bring back the crazy trade of the week? Like the gold trade. Thanks.

Volatility Views 293: The Great XIV Debate, Continued

Volatility Review: The great inverse volatility ETP debate continues. Are they "Frankenproducts" that shouldn't exist? Or are they performing as advertised, but the investing public simply doesn't understand them? Maybe there's a third camp? VIX Cash:...
Posted February 12th, 2018

Volatility Review: The great inverse volatility ETP debate continues. Are they "Frankenproducts" that shouldn't exist? Or are they performing as advertised, but the investing public simply doesn't understand them? Maybe there's a third camp? VIX Cash: Spiked to 46.34 on Tues - Quite possibly the craziest week in VIX history.

Kevin's Weekly Rundown

  • VIX Options: ADV - 983k, VIX call/put: 2.8
  • Commodity Volatility
  • Bitcoin has been moving in lockstep with the market.

Volatility Voicemail: Volatility flash poll
XIV is headed to the graveyard. But, as of this writing, $SVXY is still trading. Do you still have confidence in this product? Quite simply - do you think $SVXY will still be trading at the end of the year (12/31/18)?

  • Yes
  • No
  • I'm hiding under the bed

Options question of the week:

VIX is moving like crazy today day. It's already blown past 23 and is threatening 35. So let's dial up our $VIX threshold for extra #ZombieApocalypse fun. You buying or selling these levels? Quite Simply: Where will $VIX close on Friday?

  • Crazy Town: 30-35
  • ZombieApocalypse: >35
  • Crazy: 25-30
  • Mildly Crazy: <25

Listener questions and comments:

  • Question from Chris T - The most I can lose buying SVXY is the price I pay, correct? So can I buy it around 10 and treat it like a lotto ticket call?
  • Comment from Scott Somer - Another day another day with a very large sell off heading into the start of the Option Block and an up move in the S&P Futures during the "Trading Block" #OptionInsiderRadio #OptionBlock #GreasyMeatball #RockLobster
  • Question from Lamina - $VIX cash is trading above the futures right now. How is that possible? Isn't the cash value derived from the futures?

Options News Rundown: Monday, February 12, 2018

Options news you can use for Monday, February 12, 2018
Posted February 12th, 2018

Options news you can use for Monday, February 12, 2018


Option Block 690: Debating XIV and SVXY

Trading Block: A review of the week to date. VIX back up over 30 S&P is back in selloff mode despite decent earnings. We are all now living in a post VIX/Monday selloff world. Everyone is attacking the "Frankenproducts" like XIV and SVXY. VXX was...
Posted February 9th, 2018

Trading Block: A review of the week to date.

  • VIX back up over 30
  • S&P is back in selloff mode despite decent earnings.
  • We are all now living in a post VIX/Monday selloff world.
  • Everyone is attacking the "Frankenproducts" like XIV and SVXY.
  • VXX was briefly back above its post-split levels.
  • Earnings are getting lost in the macro maelstrom - TSLA, CMG, TWTR, SNAP, ETC
  • Earnings Highlights:
    • NVDA: ATM Straddle - $18, approx. 8%
    • ATVI: ATM Straddle - $5.50, approx. 8%
    • CBOE stock is getting crushed.

Odd Block: More Jan 2019 50 "catastrophe"puts in Tesla Motors (TSLA); Unloading Mar 30 calls in (UNP).

Strategy Block: Mike Tosaw discusses buying the dip

Mail Block: Options question of the week

VIX is moving like crazy today day. It's already blown past 23 and is threatening 35. So let's dial up our $VIX threshold for extra #ZombieApocalypse fun. You buying or selling these levels? Quite Simply: Where will $VIX close on Friday?

  • Crazy Town: 30-35
  • Zombie Apocalypse: >35
  • Crazy: 25-30
  • Mildly Crazy: <25

Listener questions and comments:

  • Question from Matt Williamson - What's up with FB $5 calls (yes, FIVE DOLLAR calls) in Jan 2019? OI climbing past 12k?
  • Question from Johnny Bananas - Quick question. If you buy a put option and the strike price is $5 and the drops to $3. Is it still worth money even if it's $3 under?

Around the Block/Earnings This Week:

  • Thursday - Twitter, Nvidia, Activision/Blizzard
  • Friday - CBOE

Options Playbook Radio 195: Mystery FB Calls and TSLA Puts

It's time to huddle up and take on listener questions in this episode of Options Playbook Radio. Question from Janice: Hi Brian! I have a question about the way you talk about the alternatives available for managing the LEAPS option put spread if the...
Posted February 8th, 2018

It's time to huddle up and take on listener questions in this episode of Options Playbook Radio.

  • Question from Janice: Hi Brian! I have a question about the way you talk about the alternatives available for managing the LEAPS option put spread if the market goes down. Can you please explain?
  • Question from Matt: What's up with the FB $5 calls?
  • Question from Johnny Bananas: If you buy a put option and the strike price is $5 and the stock drops to $3, is it still worth money?

Options News Rundown: Thursday, February 8, 2018

Options news you can use for Thursday, February 8, 2018
Posted February 8th, 2018

Options news you can use for Thursday, February 8, 2018


Options News Rundown: Wednesday, February 7, 2018

Options news you can use for Wednesday, February 7, 2018
Posted February 7th, 2018

Options news you can use for Wednesday, February 7, 2018


Options Insider Radio Interviews: Exploring Covered Call ETFs with Horizons

In this episode, Mark is joined by Jonathan Molchan Portfolio Manager, Horizons ETF Management (US), LLC. They discuss: What is Horizon's ETF Management? Jonathan's background in financial services The Horizon's flagship product: QYLD Current and...
Posted February 6th, 2018

In this episode, Mark is joined by Jonathan Molchan Portfolio Manager, Horizons ETF Management (US), LLC.

They discuss:

  • What is Horizon's ETF Management?
  • Jonathan's background in financial services
  • The Horizon's flagship product: QYLD
  • Current and upcoming products, including using Russell Indexes
  • Why cap the upside?
  • What about commodities?
  • Passive versus active portfolio management
  • To learn more, visit the Horizons website

Option Block 689: It's The End of the World

Trading Block: Dow loses over 1,000 points on the day. SPX opened at 2,683 on Jan 2. VIX cash now threatening 35! XBT below $7000; good thing for "uncorrelated assets." Earnings Highlights this Week: Tuesday - GM, Snap Inc., Walt Disney Company...
Posted February 6th, 2018

Trading Block: Dow loses over 1,000 points on the day. SPX opened at 2,683 on Jan 2. VIX cash now threatening 35! XBT below $7000; good thing for "uncorrelated assets."

Earnings Highlights this Week:

  • Tuesday - GM, Snap Inc., Walt Disney Company
  • Wednesday - Tesla, ICE
  • Thursday - Twitter, Nvidia, Activision/Blizzard
  • Friday - CBOE

Odd Block: From last Monday: Near-term call paper in (CL)

Mail Block: Question of the week

Holy Crap! $VIX is threatening 23! Is this the beginning of the #ZombieApocalypse or a great time to sell some #Volatility? In a nutshell - how do you think $VIX will finish the week?

  • Elevated: 21-25
  • Crazy Town: 25+
  • Frothy: 17-21
  • Bubbly: < 17

Updated Question of the Week #2

$VIX is moving like crazy today day. It's already blown past 23 and is threatening 35. So let's dial up our $VIX threshold for extra #ZombieApocalypse fun. You buying or selling these levels? Quite Simply: Where will $VIX close on Friday?

  • Crazy Town: 30-35
  • ZombieApocalypse: >35
  • Crazy: 25-30
  • Mildly Crazy: <25

Listener Questions and Comments:

  • Question from Matt Williamson - What's up with FB $5 calls (yes, FIVE DOLLAR calls) in Jan 2019? OI climbing past 12k?

Around the Block/Economic Reports this Week:

  • Feb 5: ISM Non-Mfg Index
  • Feb 6: International Trade, JOLTS
  • Feb 8: Jobless Claims

Options News Rundown: Tuesday, February 6, 2018

Options news you can use for Tuesday, February 6, 2018
Posted February 6th, 2018

Options news you can use for Tuesday, February 6, 2018


This Week in Futures Options 89: Going Deep on Rates

Today's guest co-host is Agha Mirza, Global Head of Interest Rate Products for CME Group Inc. Topics this week include: Rates Indices Crude Futures Options Feedback: Listener questions and comments Question from Jackson - How is the new Fed chair...
Posted February 5th, 2018

Today's guest co-host is Agha Mirza, Global Head of Interest Rate Products for CME Group Inc.

Topics this week include:

  • Rates
  • Indices
  • Crude

Futures Options Feedback: Listener questions and comments

  • Question from Jackson - How is the new Fed chair being reflected in the rates products?
  • Question from Alejandro - Can you guys do an overview of Rho and its impact on options in a rising interest rate environment? Is this something I should be concerned about?


Volatility Views 292: Earnings Volatility, plus VIX Whale Returns

Today, we feature special guest co-host, Don Dale, Managing Member at Equity Risk Control Group. Volatility Review: A look back at the week from a volatility perspective. VIX Cash: Hit nearly 15.50 this week Yet another crazy week Russell's Weekly...
Posted February 5th, 2018

Today, we feature special guest co-host, Don Dale, Managing Member at Equity Risk Control Group.

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

VIX Cash:

  • Hit nearly 15.50 this week
  • Yet another crazy week

Russell's Weekly Rundown

  • VIX Options: ADV - 777k, VIX call/put - 3.9, Total 13.7m (10.9m Calls, 2.78m Puts)
  • Earnings Volatility: This season's theme is underperforming. FB, MSFT, AAPL, GOOGL & AMZN

Volatility Voicemail: Listener questions and comments

  • Question from ILM78 - It seems like the volatility space is dominated by Canadian pension funds. Why is that the case? How's the volatility landscape for U.S. pension and hedge funds out there? Do U.S. pension funds trade a lot of VIX options or OTC?

Crystal Ball: Where will the VIX close on Friday?

Last week:

  • Mark L. - 9.55
  • Andrew - 13.25
  • Kevin - 10.50
  • Matt - 10.15
  • Mike - 9.99

Next week:

  • Mark L. - 13.50
  • Mark S. - 14.00
  • Russell - 15.67
  • Don - 17.50

Options News Rundown: Monday, February 5, 2018

Options news you can use for Monday, February 5, 2018
Posted February 5th, 2018

Options news you can use for Monday, February 5, 2018


Option Block 688: The Great Earnings Palooza Returns

Trading Block: Earnings! Wednesday's big names: FB, MSFT. Thursday's big names: AAPL, GOOGL, AMZN, BABA. OCC cleared contract volume increased 42% in January; highest January for cleared volume, highest month ever for index options. Odd Block: TSLA...
Posted February 2nd, 2018

Trading Block: Earnings! Wednesday's big names: FB, MSFT. Thursday's big names: AAPL, GOOGL, AMZN, BABA. OCC cleared contract volume increased 42% in January; highest January for cleared volume, highest month ever for index options.

Odd Block: TSLA options tracker. Review from Monday's near-term call paper in CL.

Strategy Block: Uncle Mike takes us to strategy school.

Mail Block: Options question of the week, plus listener questions and comments

EarningsSeason is upon us once again! It's time for #Tech to put its best foot forward. Which big #tech names are you looking to sling some #options on this week?

  • Amazon - $AMZN
  • Microsoft - $MSFT
  • Alphabet - $GOOGL
  • Facebook - $FB

Around the Block/Upcoming Economic Reports:

  • Feb 1: Jobless Claims
  • Feb 2: Unemployment
  • Feb 2: Consumer Sentiment
  • Feb 2: Factory Orders

Options News Rundown: Friday, February 2, 2018

Options news you can use for Friday, February 2, 2018
Posted February 2nd, 2018

Options news you can use for Friday, February 2, 2018


Options Bootcamp 73: Options for Veterans

Today's guest hosts are Dan Passarelli from Market Taker Mentoring, and Dave Russell, Vice President of Content Strategy at TradeStation. Basic Training: Options Education for Veterans Why is TradeStation pursuing veterans? What is TradeStation doing...
Posted February 1st, 2018

Today's guest hosts are Dan Passarelli from Market Taker Mentoring, and Dave Russell, Vice President of Content Strategy at TradeStation.

Basic Training: Options Education for Veterans

  • Why is TradeStation pursuing veterans?
  • What is TradeStation doing specifically for veterans?
  • Which options strategies are most popular?

Mail Call: Options question of the week

Earnings season is upon us once again! It's time for #Tech to put its best foot forward. Which big #tech names are you looking to sling some #options on this week?

  • Amazon ($AMZN)
  • Microsoft ($MSFT)
  • Alphabet ($GOOGL)
  • Facebook ($FB)

Listener questions and comments:

  • Question from B. Fowl - What is the most common options question that you guys get?
  • Question from P. James Lamar - Can you guys recommend an options platform for an active option trader? I'll try to add a link to what I used to be able to do on my old platform but am no longer able to do. But I would like to find another platform that has single click entry and exit for options. If you know one please let me know. Thanks.
  • Question from Charlie C. - What's the weirdest thing you've seen in the options market?
  • Question from LTV$ - What is the cheapest way to buy an option?
  • Question from Tim T. - You guys slammed buying straddles on your last show. Are they really that dangerous? Or is it more a question of people not knowing what they were getting into?
  • Comment from Allen Van - My Favorite Greek - My options trading is mostly focused around theta. I really don't pay attention to the other Greeks. It's all about collecting the theta. Seems to be working so far. Am I nuts?

Options Playbook Radio 194: AAPL Protective Put Spread into Earnings

Continuing with the idea of FAANG stock earnings, today we're looking at an AAPL protective put. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Specifically: A review of...
Posted February 1st, 2018

Continuing with the idea of FAANG stock earnings, today we're looking at an AAPL protective put. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition.

Specifically:

  • A review of last week
  • How do you protect yourself against a big move in AAPL after earnings?
  • Where is AAPL now?
  • What is the outlook?
  • Selecting a strike and expiration
  • What is the cost? Upside?
  • Meeting the "deductible"
  • What about a protective put spread?
  • What is the cost?
  • Why do it?
  • How do weeklys impact the ability to buy insurance around earnings?

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


Options News Rundown: Thursday, February 1, 2018

Options news you can use for Thursday, February 1, 2018
Posted February 1st, 2018

Options news you can use for Thursday, February 1, 2018


Options Insider Radio Interviews: Exploring Smart Beta with FTSE Russell

Mark attended the Inside ETFs conference and met with Rolf Agather, Managing Director of North America Research at FTSE Russell. They discussed: Rolf's background in financial services How does FTSE Russell define smart beta? The uses of smart beta...
Posted January 31st, 2018

Mark attended the Inside ETFs conference and met with Rolf Agather, Managing Director of North America Research at FTSE Russell. They discussed:

  • Rolf's background in financial services
  • How does FTSE Russell define smart beta?
  • The uses of smart beta
  • Advisors' awareness of smart beta
  • The resurgence of interest in beta
  • Can smart beta bridge the divide between active and passive management?
  • Emergence of fixed income taking advantage of systematic sources of return
  • What's coming next from FTSE Russell?

Options Insider Radio Interviews: Talking ETF Options with OIC

Mark attended the Inside ETFs conference and ran into Eric Cott. They discussed: OCC's perspective on ETF options What is the level of options interest in ETF providers and traders? Total cleared volume for 2017 Is there a shift from passive to...
Posted January 31st, 2018

Mark attended the Inside ETFs conference and ran into Eric Cott. They discussed:

  • OCC's perspective on ETF options
  • What is the level of options interest in ETF providers and traders?
  • Total cleared volume for 2017
  • Is there a shift from passive to active portfolio management afoot?
  • The new OIC options certificate for advisors
  • What about Bitcoin options?
  • Will the new tax code impact options traders?

Options News Rundown: Wednesday, January 31, 2018

Options news you can use for Wednesday, January 31, 2018
Posted January 31st, 2018

Options news you can use for Wednesday, January 31, 2018


Option Block 687: Revenge of Realized Volatility

Trading Block: VIX is back into the 13 handle. Earnings this week: Wednesday - FB, Microsoft Thursday - Alphabet, Amazon, Apple, Alibaba The ORATS earnings report for 1/29/2018 Odd Block: More Jan 2019 50 "Catastrophe" puts in Tesla Motors (TSLA)....
Posted January 30th, 2018

Trading Block: VIX is back into the 13 handle.

Earnings this week:

  • Wednesday - FB, Microsoft
  • Thursday - Alphabet, Amazon, Apple, Alibaba
  • The ORATS earnings report for 1/29/2018

Odd Block: More Jan 2019 50 "Catastrophe" puts in Tesla Motors (TSLA). Size call diagonal in Anheuser Busch Inbev NV (BUD). Near-term call paper in Colgate-Palmolive Company (CL).

Mail Block: Options question of the week

Earnings Season is upon us once again! It's time for #Tech to put its best foot forward. Which big #tech names are you looking to sling some #options on this week?

  • Amazon ($AMZN)
  • Microsoft ($MSFT)
  • Alphabet ($GOOGL)
  • Facebook ($FB)

Listener questions and comments:

  • Question from Michael Smith - Any recommendations on where I can find help on calculating implied move into earnings?

Around the Block/Economic Reports this Week:

  • Jan 30: Consumer Confidence
  • Jan 31: Chicago PMI, FOMC Meeting
  • Feb 1: Jobless Claims
  • Feb 2: Unemployment, Consumer Sentiment, Factory Orders

Options News Rundown: Tuesday, January 30, 2018

Options news you can use for Tuesday, January 30, 2018
Posted January 30th, 2018

Options news you can use for Tuesday, January 30, 2018


This Week in Futures Options 88: Crazy Nat Gas Calls

Topics this week include: Soybeans Nat Gas Silver Futures Options Feedback: Options question of the week Bitcoin Futures are currently trading around $11,500. If #Options existed, how would you trade them? Assuming one-month to expiration would...
Posted January 29th, 2018

Topics this week include:

  • Soybeans
  • Nat Gas
  • Silver

Futures Options Feedback: Options question of the week

Bitcoin Futures are currently trading around $11,500. If #Options existed, how would you trade them? Assuming one-month to expiration would you...?

  • 27% - Buy 5% OTM Call
  • 32% - Buy 5% OTM Put
  • 16% - Sell 5% OTM Covered Call
  • 25% - Just Short the Future

Listener questions and comments:

  • Question from Camper - Do you notice any interesting patterns in corn volatility skew ahead of crop planting or harvesting?
  • Question from Brian Zin - COT reports have CME yet?

Volatility Views 291: Mullet vs. Tellum vs. VIX

On today's show, a rowdy cohort of crazies, including: Mark Sebastian, Option Pit Matt Thompson, Typhon Capital Mike Thompson, Typhon Capital Kevin Davitt, CBOE Volatility Review: A look back at the week from a volatility perspective VIX Cash is...
Posted January 29th, 2018

On today's show, a rowdy cohort of crazies, including:

  • Mark Sebastian, Option Pit
  • Matt Thompson, Typhon Capital
  • Mike Thompson, Typhon Capital
  • Kevin Davitt, CBOE

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

  • VIX Cash is firmly back in the double digits.

Kevin's Weekly Rundown

  • VIX Options: ADV - 744k, VIX call/put - 4.1, Total 12.0m (9.65m Calls, 2.34m Puts)
  • Earnings Volatility: Netflix, Intel and Starbucks.

Volatility Voicemail: Options question of the week

Since we're down at #InsideETFs this week we thought we'd make our #Options #QOTW about #ETFOPTIONS. Quite simply - what is your favorite ETF/ETP #option to trade?

  • $SPY
  • $GLD
  • $VXX
  • Other (reply w/answer)

Listener Questions and Comments:

  • Question from Cat65 - Are there other vol futures out there aside from VIX?
  • Question from Charlie C - Quick Q for the show - What's the weirdest thing you've seen in the options market?

Crystal Ball: Wild and reckless prognostication

Last week:

  • Russell: 11.99
  • Matt: 11.5
  • Mark S.: 10
  • Mark L. 10.55

This week:

  • Mike: 9.99
  • Matt : 10.15
  • Mark S.: 13.25
  • Mark L.: 9.55
  • Kevin: 10.5

Options News Rundown: Monday, January 29, 2018

Options news you can use for Monday, January 29, 2018
Posted January 29th, 2018

Options news you can use for Monday, January 29, 2018


Option Block 686: Bridging the ETF-Options Divide

Trading Block: Earnings! Monday: Netflix Tuesday: Johnson & Johnson, Procter & Gamble, Travelers, Verizon Wednesday: GE, United Technologies Thursday: Caterpillar, 3M, Intel (Caterpillar doing crazy volume today - over 130k contracts on the...
Posted January 26th, 2018

Trading Block: Earnings!

  • Monday: Netflix
  • Tuesday: Johnson & Johnson, Procter & Gamble, Travelers, Verizon
  • Wednesday: GE, United Technologies
  • Thursday: Caterpillar, 3M, Intel (Caterpillar doing crazy volume today - over 130k contracts on the tape.) Netflix, Intel and Starbucks.

Odd Block: Size near-term put sales in (NWL). Crazy move sparks crazy volume in (MNKD). Size short call roll in (SAN).

Strategy Block: Mike Tosaw discusses his most recent SPY trades

Mail Block: Options questions of the week

Since we're down at #InsideETFs this week we thought we'd make our #Options #QOTW about #ETFOPTIONS. Quite simply - what is your favorite ETF/ETP #option to trade?

  • $SPY
  • $GLD
  • $VXX
  • Other (reply w/answer)

Bitcoin #Futures are currently trading around $11,500. If #Options existed, how would you trade them? Assuming one-month to expiration would you...?

  • 27% - Buy 5% OTM Call
  • 32% - Buy 5% OTM Put
  • 16% - Sell 5% OTM Covered Call
  • 25% - Just Short The Future

Around the Block: Economic Reports This Week

  • Jan 26: GDP, Durable Goods

Options News Rundown: Friday, January 26, 2018

Options news you can use for Friday, January 26, 2018
Posted January 26th, 2018

Options news you can use for Friday, January 26, 2018


Options Playbook Radio 193: TSLA Calendar Spread

In this episode, we are looking at a calendar trade around earnings in TSLA. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Specifically: Where is TSLA trading as of this...
Posted January 25th, 2018

In this episode, we are looking at a calendar trade around earnings in TSLA. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition.

Specifically:

  • Where is TSLA trading as of this recording?
  • When are they expected to announce earnings?
  • Where is the at-the-money straddle right now?
  • Setting up a trade into earnings
  • Selecting a strike
  • The volatility caveat
  • What is the desired outcome?

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, January 25, 2018

Options news you can use for Thursday, January 25, 2018
Posted January 25th, 2018

Options news you can use for Thursday, January 25, 2018


Advisors Option 63: Using Options in IRAs

Tricks of the Trade: Using options in retirement accounts. What are the limitations of trading options in a retirement account? What strategies can you utilize? Stock replacement strategy: what is it? Long-term stock replacement strategy with a...
Posted January 24th, 2018

Tricks of the Trade: Using options in retirement accounts.

  • What are the limitations of trading options in a retirement account?
  • What strategies can you utilize?
  • Stock replacement strategy: what is it?
  • Long-term stock replacement strategy with a covered call, aka fig leaf strategy.

The Buzz: What do informed advisors need to know?

Office Hours: Listener questions and comments

2017 was the "Year that Volatility Died". So our first question of the week for 2018 is a puzzler. Quite simply: where do you think $VIX will close at the end of the year?

  • Between 7.5-9.99
  • Between 10- 12.49
  • Between 12.50 -14.99
  • Above 15

Listener questions: What's on your mind?

  • 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: Wednesday, January 24, 2018

Options news you can use for Wednesday, January 24, 2018
Posted January 24th, 2018

Options news you can use for Wednesday, January 24, 2018


Option Block 685: Shutdown

Trading Block: The Dow sets all-time intraday record as Senate votes to end government shutdown Earnings This Week: Monday: Netflix Tuesday: Johnson & Johnson, Procter & Gamble, Travelers, Verizon Wednesday: GE, United Technologies Thursday:...
Posted January 23rd, 2018

Trading Block: The Dow sets all-time intraday record as Senate votes to end government shutdown

Earnings This Week:

  • Monday: Netflix
  • Tuesday: Johnson & Johnson, Procter & Gamble, Travelers, Verizon
  • Wednesday: GE, United Technologies
  • Thursday: Caterpillar, 3M, Intel

Odd Block: Calls and puts trade in Patterson UTI Energy (PTEN). Puts trade in Harley Davidson Inc (HOG). Puts roll in HCA Healthcare Inc (HCA).

Strategy Block: Mike Tosaw discusses buying OTM calls in this current market

Mail Block: Options question of the week

Bitcoin futures are currently trading around $11,500. If #Options existed, how would you trade them? Assuming one-month to expiration would you...?

  • 27% - Buy 5% OTM Call
  • 32% - Buy 5% OTM Put
  • 16% - Sell 5% OTM Covered Call
  • 25% - Just Short the Future

Listener questions and comments:

  • Question from CharlieC - What's the weirdest thing you've seen in the options market?
  • Question from Markit - What's the truth about all the talk about VIX being moved using SPX puts? Is this a thing? Can you please discuss on the network?

Around the Block/Economic Reports This Week:

  • Jan 24: Existing Home Sales
  • Jan 25: Jobless Claims, International Trade, New Home Sales
  • Jan 26: GDP, Durable Goods

Options News Rundown: Tuesday, January 23, 2018

Options news you can use for Tuesday, January 23, 2018
Posted January 23rd, 2018

Options news you can use for Tuesday, January 23, 2018


This Week in Futures Options 87: Deep Dive into Russell 2000 Volatility

Today we feature Sean Smith, Managing Director of Derivatives Licensing & Exchange Data at FTSE Russell. Topics this week include: Looking back at the Russell 2000 in 2017 RUT up nearly 12% Interesting trends and developments Russell options...
Posted January 22nd, 2018

Today we feature Sean Smith, Managing Director of Derivatives Licensing & Exchange Data at FTSE Russell.

Topics this week include:

  • Looking back at the Russell 2000 in 2017
    • RUT up nearly 12%
    • Interesting trends and developments
    • Russell options breakdown from this week
    • Bonus: RVX
  • Crude Oil
  • Ags
  • Metals

Futures Options Feedback: Options question of the week

Bitcoin futures are currently trading around $11,500. If #Options existed, how would you trade them? Assuming one-month to expiration would you...?

  • Buy 5% OTM Call
  • Buy 5% OTM Put
  • Sell 5% OTM Covered Call
  • Just Short the Future

Listener questions and comments

  • Question from Alfred: Why aren't CME Bitcoin futures listed on the COT reports?
  • Question from Camper: Do you notice any interesting patterns in corn volatility skew ahead of crop planting or harvesting?
  • Question from Daley: Can I use QuikStrike to compare and contrast skew charts for the indices to try to find trading opportunities between SPX/DOW, SPX/RUT and all? Thx.
  • Question from Lromero: Do all indices have the same issue with OTM puts being so outrageously expensive? Where can I go for cheap protection?
  • Question from Kondit: what is shortest duration option contract available on Globex?

Volatility Views 290: VIX Whales and Bitcoin Options

Volatility Review: Government shutdown moves the market going into the weekend. VIX cash is firmly back in the double digits. Russell's Weekly Rundown: ADV - 746k, VIX call/put - 4.6, Total 10.1m (8.29m Calls, 1.82m Puts Looking back on the VIX whale...
Posted January 22nd, 2018

Volatility Review: Government shutdown moves the market going into the weekend. VIX cash is firmly back in the double digits.

Russell's Weekly Rundown:

  • ADV - 746k, VIX call/put - 4.6, Total 10.1m (8.29m Calls, 1.82m Puts
  • Looking back on the VIX whale from last Wednesday.
  • Earnings volatility this week.
  • January has been a rough month for Bitcoin.

Volatility Voicemail: Options question of the week.

Bitcoin futures are currently trading around $11,500. If options existed, how would you trade them? Assuming one-month to expiration would you...?

  • Buy 5% OTM Call
  • Buy 5% OTM Put
  • Sell 5% OTM Covered Call
  • Just Short the Future

Listener questions and comments:

  • Comment by TradingProverbs - "More money has been lost trying to anticipate and protect from corrections than actually in them." - Peter Lynch

Crystal Ball: Government shutdown related prognostication

Last week:

  • Mark L. - 9.55
  • Andrew - 9.95
  • Kevin - 9.75

This week:

  • Mark L. - 10.55
  • Mark S. - 10.00
  • Russell - 11.99
  • Matt - 11.50

Options News Rundown: Monday, January 22, 2018

Options news you can use for Monday, January 22, 2018
Posted January 22nd, 2018

Options news you can use for Monday, January 22, 2018


Option Block 684: Is Uncle Mike Getting Bearish?

Trading Block: VIX at 12.40! In the double digits for the first time in a long while. Earnings season ahead. IBM - $168.70, ATM straddle - $7.20, approx. 4%. A rough start to the year for Bitcoin. Tuesday selloff hits crypto hard. Odd Block: Yet more...
Posted January 19th, 2018

Trading Block: VIX at 12.40! In the double digits for the first time in a long while. Earnings season ahead. IBM - $168.70, ATM straddle - $7.20, approx. 4%. A rough start to the year for Bitcoin. Tuesday selloff hits crypto hard.

Odd Block: Yet more Jan 2019 50 "catastrophe" puts in Tesla Motors (TSLA). Massive call party in Guggenheim CurrencyShares Euro Trust (FXE). Size bullish strangle in Kinder Morgan Inc. (KMI). Size put roll in MBIA Inc. (MBI).

Strategy Block: Uncle Mike Tosaw discusses exercising caution in this current market.

Mail Block: Options question of the week.

Which name are you looking forward to trading options on during the upcoming earnings season? Your fav not here? Choose "Other" and send it in. Best will be shared on #OptionBlock

  • Apple ($AAPL)
  • Tesla ($TSLA)
  • Amazon ($AMZN)
  • Other

Another options question of the week: Bitcoin futures are currently trading around $11,500. If options existed, how would you trade them? Assuming one-month to expiration would you...?

  • Buy 5% OTM Call
  • Buy 5% OTM Put
  • Sell 5% OTM Covered Call
  • Just Short the Future

Listener Questions and Comments:

  • Question from PJamesLamar - Can you guys recommend an options platform for active option trader? I'll try to add a link to what I used to be able to do on my old platform but am no longer able to do. But I would like to find another platform that has single click entry and exit for options. If you know one please let me know. Thanks.

Around the Block: IBM off a little over 4%. Earnings. Shutdowns.


Options News Rundown: Friday, January 19, 2018

Options news you can use for Friday, January 19, 2018
Posted January 19th, 2018

Options news you can use for Friday, January 19, 2018


Options Playbook Radio 192: Taking a LEAP with ISRG

In this episode, we are looking beyond the Options Playbook and are selling a put credit spread to pay for a long call. You can find more on p. 76 of The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle...
Posted January 18th, 2018

In this episode, we are looking beyond the Options Playbook and are selling a put credit spread to pay for a long call. You can find more on p. 76 of The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition.

Specifically:

  • Looking at Intuitive Surgical, Inc. (ISRG), which has been on a tear lately
  • Earnings pushed the stock even higher
  • Expensive underlying = expensive options
  • Taking a long view using LEAPS
  • Selecting strikes for the put spread
  • Buying the at-the-money call
  • How does the trade work?
  • What is the cost?
  • What is the risk?
  • How to close it out?
  • Alternatives to the trade as described

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, January 18, 2018

Options news you can use for Thursday, January 18, 2018
Posted January 18th, 2018

Options news you can use for Thursday, January 18, 2018


Options News Rundown: Wednesday, January 17, 2018

Options news you can use for Wednesday, January 17, 2018
Posted January 17th, 2018

Options news you can use for Wednesday, January 17, 2018


This Week in Futures Options 86: Revenge of Nat Gas, Plus Crazy Crude Calls

Topics this week include: Nat Gas Oil Gold Futures Options Feedback: Questions and comments from listeners Question from DWayneh - How are nat gas collars setting up here? Comment from Houstorian - Today in 1901, the first major oil wells come in...
Posted January 16th, 2018

Topics this week include:

  • Nat Gas
  • Oil
  • Gold

Futures Options Feedback: Questions and comments from listeners

  • Question from DWayneh - How are nat gas collars setting up here?
  • Comment from Houstorian - Today in 1901, the first major oil wells come in at Spindletop, south of Beaumont, marking the birth of the oil industry in Texas.

Volatility Views 289: The VIX Whale Strikes Again

Volatility Review: It's been a good year for VIX at CBOE - No Vol = No problem. Return of the VIX Whale - 2.87M on Wednesday. We finally have the COT Reports for Bitcoin. Kevin's Weekly Rundown: VIX Options: ADV - 668k VIX call/put - 4, Total 12.9m...
Posted January 16th, 2018

Volatility Review: It's been a good year for VIX at CBOE - No Vol = No problem. Return of the VIX Whale - 2.87M on Wednesday. We finally have the COT Reports for Bitcoin.

Kevin's Weekly Rundown:

VIX Options: ADV - 668k

  • VIX call/put - 4, Total 12.9m (10.3m Calls, 2.52m Puts)
  • Volatility Voicemail: Options question of the week.

Another ";easy"; one to help kick off the New Year. Quite simply - which name are you looking forward to trading Options on during the upcoming earnings season? Your fav not here? Choose ";Other"; and send it in. Best will be shared on the Option Block.

  • Apple (AAPL)
  • Tesla (TSLA)
  • Amazon (AMZN)
  • Other

Listener questions and comments:

  • Question from RDuffGordon - My wife reads all of the ";intel"; letters, and told me tonight that CEO's are resigning in droves. The best way to see if this is valid or probable would be a sudden burst of buying of insider puts. Is there such a reporting requirement for, Insiders or recent EX - higher ups which i would expect the sec to require - but all we hear is insider stock ratios etc., but the long put, after 23 years of on floor trading is the ";no brainer"; thing to buy - if one is fairly certain the stock chosen was going to go down, because the 98% winners who risk the entire economy when they sell short puts with abandon need to buy them back one day at a volatility no one could believe ahead of time, as in right now. The insider who quits AAPL may buy puts on Amazon so as to go under the radar. Major sells perhaps on other stocks where the insider who quit quickly knows of another big player(s) who HAS to quit. Finally, what about insiders in or recently of a company buys calls in the VIX? Does that get reported? How long after resigning from a company have to report? I suppose as long as he is above 5 percent of the company he resigned from? THX much- I should know all of this- and that it is perhaps conspiratorial.

Crystal Ball: Your prognostication headquarters

Last week:

  • Mark L. - 9.25
  • Mark S. - 9.57
  • Russell - 9.79

This week:

  • Mark L. - 9.55
  • Andrew - 9.95
  • Kevin - 9.75

Options News Rundown: Tuesday, January 16, 2018

Options news you can use for Tuesday, January 16, 2018
Posted January 16th, 2018

Options news you can use for Tuesday, January 16, 2018


Options Insider Radio Interviews: Talking AFX, Climate and Crypto with Dr. Richard Sandor

Today's guest is world-renowned financial innovator, Dr. Richard L. Sandor, who is widely regarded as the father of interest rate derivatives and the father of the carbon markets. He discusses: The American Financial Exchange The genesis of AFX:...
Posted January 12th, 2018

Today's guest is world-renowned financial innovator, Dr. Richard L. Sandor, who is widely regarded as the father of interest rate derivatives and the father of the carbon markets.

He discusses:

  • The American Financial Exchange
  • The genesis of AFX: viability of LIBOR
  • You have to be early to be on time
  • Will there be Ameribor futures and options?
  • Expanding liquidity providing
  • What is the relationship with Cboe?
  • What is on the horizon for AFX in 2018?
  • How things played out with the Climate Exchange
  • His 2017 book, "How I Saw It"
  • His forthcoming book "Electronic Trading and the Blockchain"
  • Is crypto the tip of the iceberg?
  • And more

OICs Wide World of Options 45: Panel - Getting Started with Options

WWoO Show 45: Panel - Getting Started with Options The OIC team of experienced instructors will continue the conversation with the introduction to options for beginners. This lively panel conversation will review the basic language of options; how...
Posted January 12th, 2018

WWoO Show 45: Panel - Getting Started with Options

The OIC team of experienced instructors will continue the conversation with the introduction to options for beginners. This lively panel conversation will review the basic language of options; how opening and exit trades work; and important details investors and financial advisors need to know before they invest with options.


In this rebroadcast, OICs webinar panel of experienced professionals will help you gain confidence you need to get started.


Option Block 683: Getting Crude with Pot Stocks and Crypto

Trading Block: Crude is hitting new near-term highs. Brent breaks above 70 for the first time since 2014. Kodak is now a crypto company!? Odd Block: Massive call party in (FXE); Options-palooza in (XOP); Call frenzy in (XLE). Strategy Block: Uncle...
Posted January 12th, 2018

Trading Block: Crude is hitting new near-term highs. Brent breaks above 70 for the first time since 2014. Kodak is now a crypto company!?

Odd Block: Massive call party in (FXE); Options-palooza in (XOP); Call frenzy in (XLE).

Strategy Block: Uncle Mike Tosaw discusses risk reversals.

Mail Block: Options question of the week

Another "easy" one to help kick off the New Year. Which name are you looking forward to trading options on during the upcoming earnings season? Your fav not here? Choose "Other" and send it in. Best will be shared on #OptionBlock.

  • Apple (AAPL)
  • Tesla (TSLA)
  • Amazon (AMZN)
  • Other

Options Flash Poll: The options industry insists that things have never been better for retail traders. Do you agree?

  • Yes
  • No

Options Flash Poll, Part Deux: Overhead at @stachicago: We need a #speedbump in #Options to create a "level playing field" for all participants. Agree?

  • Yes
  • No
  • What is a #speedbump?

Around the Block: Earnings! JPMorgan Chase (JPM) and Wells Fargo (WFC) release results before market open on Friday, January 12.


Options News Rundown: Friday, January 12, 2018

Options news you can use for Friday, January 12, 2018
Posted January 12th, 2018

Options news you can use for Friday, January 12, 2018


Options Playbook Radio 191: Facebook Synthetic Stock

In this episode, we are looking beyond the Options Playbook and are using a long combination to create a synthetic stock and buy protection. You can find more on p. 76 ofThe Options Playbook, which is always available on OptionsPlaybook.com, in...
Posted January 11th, 2018

In this episode, we are looking beyond the Options Playbook and are using a long combination to create a synthetic stock and buy protection. You can find more on p. 76 ofThe Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition.

Specifically:

  • A review of last week's episode
  • What is a synthetic long stock?
  • Where is Facebook now?
  • How to create a synthetic long position
  • Adding a twist...using a put spread
  • Selecting expirations and strikes
  • What is the cost? Risk?

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, January 11, 2018

Options news you can use for Thursday, January 11, 2018
Posted January 11th, 2018

Options news you can use for Thursday, January 11, 2018


Options Insider Radio Interviews: Talking VIX, Trading Pits and Market Making Evolution with Group One

In this episode we feature John Kinahan, CEO of Group One Trading He discusses: His background in the financial markets and journey to becoming CEO of Group One What are the biggest changes that have happened at Group One? The impact of technology,...
Posted January 10th, 2018

In this episode we feature John Kinahan, CEO of Group One Trading

He discusses:

  • His background in the financial markets and journey to becoming CEO of Group One
  • What are the biggest changes that have happened at Group One?
  • The impact of technology, and the demands of technological advances
  • The metamorphosis of skills required to work in finance
  • The Group One market maker training program
  • How has market making morphed over time?
  • The challenge of weekly options: a double-edged sword.
  • Why did mini options fail?
  • What can we do to incent firms to stay in the business or even enter it new in 2018?
  • The rise of the open outcry trading floor
  • The cost and risk associated with connecting to so many venues
  • What is it has been over the past year with VIX remaining so low yet continuing to do record volume?

Options News Rundown: Wednesday, January 10, 2018

Options news you can use for Wednesday, January 10, 2018
Posted January 10th, 2018

Options news you can use for Wednesday, January 10, 2018


Option Block 682: INTC Insider Trading, Plus NVDA, TSLA, F and More

Trading Block: Nvidia stocks rises on new of chips being used in handle processing of driverless cars. Intel was aware of the chip vulnerability when its CEO sold off $24 million in company stock & options. Odd Block: More Jan 2019 50...
Posted January 9th, 2018

Trading Block: Nvidia stocks rises on new of chips being used in handle processing of driverless cars. Intel was aware of the chip vulnerability when its CEO sold off $24 million in company stock & options.

Odd Block: More Jan 2019 50 "Catastrophe" puts in Tesla Motors (TSLA). Massive call party in Guggenheim CurrencyShares Euro Trust (FXE). Buying more time in Johnson Controls International PLC (JCI)

Mail Block: Options question of the week

2017 was the "Year that Volatility Died." So our 1st #QOTW for 2018 is a puzzler: Where do you think $VIX will close at the end of the year?

  • 16% - Between 7.5-9.99
  • 35% - Between 10- 12.49
  • 13% - Between 12.50 -14.99
  • 36% - Above 15

Listener questions and comments:

  • Question from Ensco8651: Question for the Option Block crew. As learned from this program, cash secured puts are a great way to enter a position on a stock I want to own. Just recently, I sold 2 puts with a strike price of $24. At expiration, the stock was at $23.95 so I anticipated getting 200 shares assigned to me but only received 100. Upon contacting my broker, he explained that the holder of the other 100 shares had a "do not assign" flag on them. Please clarify. I don't believe I have to "option" to not accept the shares if they fall below the strike price. Why should he have the "option" to not assign the stock to me? Thanks guys, GREAT show.

Around the Block: Earnings are on the horizon. Will the SPX hit 2800 by the end of the week? Ally Invest clients are talking about options as protection. Momentum is ridiculous going into earnings.


Options News Rundown: Tuesday, January 9, 2018

Options news you can use for Tuesday, January 9, 2018
Posted January 9th, 2018

Options news you can use for Tuesday, January 9, 2018


This Week in Futures Options 85: Kicking Off 2018 with a Bang

Topics this week include: Our top 5 show from 2017 Crude Gold Bitcoin Futures Options Feedback: Listeners weigh in Question from Tim Haver - What's the cost for the premium version of QuikStrike? I like the free stuff that I play with during the...
Posted January 8th, 2018

Topics this week include:

  • Our top 5 show from 2017
  • Crude
  • Gold
  • Bitcoin

Futures Options Feedback: Listeners weigh in

  • Question from Tim Haver - What's the cost for the premium version of QuikStrike? I like the free stuff that I play with during the show and I'm thinking about taking the plunge.

Volatility Views 288: Will 2018 Bring Back the Volatility?

Volatility Review: Looking back on the top five Volatility Views episodes of 2017. VIX Cash is back in the single digits again. Russell's Weekly Rundown VIX Options: ADV - 668k, VIX call/put - 3.9, Total 10.8m (8.52m Calls, 2.26m Puts) Commodities:...
Posted January 8th, 2018

Volatility Review: Looking back on the top five Volatility Views episodes of 2017. VIX Cash is back in the single digits again.

Russell's Weekly Rundown

  • VIX Options: ADV - 668k, VIX call/put - 3.9, Total 10.8m (8.52m Calls, 2.26m Puts)
  • Commodities: Volatility is low but ambiguity is sky high.
  • CBOE files to list 6 bitcoin ETFs after being first major exchange to trade cryptocurrency futures.
  • Happy 9th Birthday to Bitcoin

Volatility Voicemail: Listeners have their say

2017 was the "Year that Volatility Died". So our 1st #QOTW for 2018 is a puzzler. Quite simply - where do you think $VIX will close at the end of the year?

  • 14% - Between 7.5-9.99
  • 35% - Between 10- 12.49
  • 14% - Between 12.50 -14.99
  • 37% - Above 15

Crystal Ball: Wild and reckless prognostication.

Last year's 2017 VIX predictions:

  • Mark L. - Avg 15.50, low 10, high 34.5
  • Russell - Avg 17.50, low 12.50, high 37
  • Mark S. - Avg 15, low 10.50, high 24

Next year VIX close at end of 2018:

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

Next week:

  • Mark L. - 9.25
  • Mark S. - 9.57
  • Russell - 9.79

Options News Rundown: Monday, January 8, 2018

Options news you can use for Monday, January 8, 2018
Posted January 8th, 2018

Options news you can use for Monday, January 8, 2018


Option Block 681: The Great 2018 Kick-Off Show

Trading Block: The numbers are in for 2017 OCC announced 2017 volume reached the third highest total cleared contract volume ever with 4,327,576,930 contracts, a 4% increase from 2016. December cleared volume was 346,006,092 contracts, up 3% from...
Posted January 5th, 2018

Trading Block: The numbers are in for 2017

  • OCC announced 2017 volume reached the third highest total cleared contract volume ever with 4,327,576,930 contracts, a 4% increase from 2016.
  • December cleared volume was 346,006,092 contracts, up 3% from December 2016.
  • OCC also reported record-breaking 2017 volume for cleared futures with 138,029,762 cleared contracts; a 32% increase from 2016.
  • What were our top 5 Option Block episodes for 2017?
  • Odd Block: Call spreads trade in (EWJ); Funky ratio call spreads in Marriott; Calls closing out in (DWDP).

Mail Block: Listener feedback

Our final options question of the week for 2017 was 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!

  • 16% - Death of Volatility/VIX
  • 32% - Rise of Bitcoin
  • 49% - The Unstoppable Bull
  • 3% - Other

2017 was the "Year that Volatility Died." So our first options question of the week for 2018 is a puzzler. Quite simply: where do you think $VIX will close at the end of the year?

  • Between 7.5-9.99
  • Between 10-12.49
  • Between 12.50-14.99
  • Above 15

Listener Questions and Comments:

  • Question from Scott Somer - At 11 AM on December 22, RIOT stock traded at 24.20 , normally you would expect the 23 call to trade for 1.20 more than the 23 put, this morning the January 19th 23 calls were only trading TEN CENTS above the 23 put, Am I missing something for this to be normal pricing? Or is there something else I need to know about this? With this stock at 4.24, I can buy a June 5 call and Sell a June 5 put for a credit of 2.30. Looks like I'm getting the stock for 2.70. What am I missing since we now the options market does NOT give money away?
  • Comment from MCgILLmONTREAL -Had a question regarding $GIL and two large 3K 30 strike puts on 10/9 with earnings 11/2. Can you guys explain any rationale around that? Had a question regarding $GIL and two large 3K 30 strike puts on 10/9 with earnings 11/2. Can you guys explain any rationale around that?

Around the Block: VIX. Earnings are coming. Dow 25,000. SPX 2700. Non-farms. Will there be a sell-off in Q1?


Options News Rundown: Friday, January 5, 2018

Options news you can use for Friday, January 5, 2018
Posted January 5th, 2018

Options news you can use for Friday, January 5, 2018


Options Playbook Radio 190: FCX Long Calendar Spread

Welcome to 2018! Let's jump right into strategies, specifically around earnings. In this episode, we are looking at a long calendar spread with puts in FCX. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com,...
Posted January 4th, 2018

Welcome to 2018! Let's jump right into strategies, specifically around earnings. In this episode, we are looking at a long calendar spread with puts in FCX. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition.

Specifically:

  • Why are we picking FCX?
  • When does FCX announce earnings?
  • What is the implied volatility?
  • Why are we expecting a major announcement?
  • Why pick a calendar around earnings?
  • Defining a calendar spread
  • Remember, if you do this, you're long implied volatility
  • Caveats and other considerations
  • Setting up the trade
  • What is the cost? Risk?
  • What do we want to happen?

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


Options News Rundown: Thursday, January 4, 2018

Options news you can use for Thursday, January 4, 2018
Posted January 4th, 2018

Options news you can use for Thursday, January 4, 2018


Options News Rundown: Wednesday, January 3, 2018

Options news you can use for Wednesday, January 3, 2018
Posted January 3rd, 2018

Options news you can use for Wednesday, January 3, 2018


This Week in Futures Options 84: 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 January 2nd, 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.

Volatility Views 287: 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 January 2nd, 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

Options News Rundown: Tuesday, January 2, 2018

Options news you can use for Tuesday, January 2, 2018
Posted January 2nd, 2018

Options news you can use for Tuesday, January 2, 2018


Option Block 680: 2017 Year-End Palooza - All Smoke, No Fire

Trading Block: Review of the last trading day of the year. VIX barely holding on to double digits. Big meh into the end of the year. Silver is on a tear. The highs and lows of Bitcoin. Cboe announces six Bitcoin ETFs. Uncle Mike creates a new...
Posted December 29th, 2017

Trading Block: Review of the last trading day of the year. VIX barely holding on to double digits. Big meh into the end of the year. Silver is on a tear. The highs and lows of Bitcoin. Cboe announces six Bitcoin ETFs. Uncle Mike creates a new product...Fitcoin.

2017 Year-in Review: The good, the bad, and the unexplicable.

Final Options Question of the Week for 2017: 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.

  • Death of Volatility/VIX
  • Rise of Bitcoin
  • The Unstoppable Bull
  • Other: Reply/DM w/ ideas
    • Comment from OptionsAlliance: The surprise resurgence of #options volume in 2017.
    • Comment from OliveWanaBroker: The oats bull market. Very important.
  • Uncle Mike's silver collar was not, in fact, the second coming of AAPL.
  • All smoke, no fire
  • Crypto fever

Odd Block: Crazy paper from the year

  • TSLA options tracker: The explosion of interest in TSLA catastrophe puts. OI exploded in 2017. Interest also expanded to Jan 2020 50 puts.
  • The 250,000 contract VIX three-way, rolled thrice
  • Extended Stay America - giving up the ghost
  • The way-out-of-the-money gold trade with a further out-of-the-money kicker.

Strategy Block: Uncle Mike waxes poetic about his trading strategy from 2017

Around the Block: Will the outlier trends continue? Andrew brings us down with debt talk. What would it take for volatility to return to normal?


Options News Rundown: Friday, December 29, 2017

Options news you can use for Friday, December 29, 2017
Posted December 29th, 2017

Options news you can use for Friday, December 29, 2017


Options News Rundown: December 28, 2017

Options news you can use for Thursday, December 28, 2017.
Posted December 28th, 2017

Options news you can use for Thursday, December 28, 2017.


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

Mark and Brian are back to answer listener questions. In particular: Question from Taj Penaso - Hi, will there be options for bitcoin once the futures are traded?? or just the futures until there are tradeable ETFs available? Thanks. #Options #QOTW -...
Posted December 28th, 2017

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

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

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


Advisors Option 62: The Problems with Expiration

Options 101: Exploring Expiration Myths & Misconceptions What is expiration? Why do options expire? What do some of these scary terms mean, i.e. triple witching, and quadruple witching? How does expiration impact the Greeks? Myth busting: Is it...
Posted December 27th, 2017

Options 101: Exploring Expiration Myths & Misconceptions

  • What is expiration?
  • Why do options expire?
  • What do some of these scary terms mean, i.e. triple witching, and quadruple witching?
  • How does expiration impact the Greeks?
  • Myth busting: Is it true that options control the stock market on expiration Friday?
  • Is max pain a real concept?
  • Pinning/Pin risk: What is it? Why does it matter? How do you avoid it?
  • What happens when you exercise an option?
  • American vs. European exercise?
  • Can you exercise options early? Should you?
  • How does auto-exercise work?

The Buzz: Looking back on 2017: The year without volatility.

  • VIX has been under 10 for about 45 days this year, and under 12 for a little over 200 days.
  • "Stealth hedging" shows investors not so complacent
  • We are all now living in a post-Bitcoin world now - when will we be able to trade the options?

Options News Rundown: Wednesday, December 27, 2017

Options news you can use for Wednesday, December 27, 2017
Posted December 27th, 2017

Options news you can use for Wednesday, December 27, 2017


This Week in Futures Options 83: How the Bitcoin Has Fallen

Topics this week include: Bitcoin Crude Oil Gold Winners - RBOB, Platinum Losers - Feeder Cattle, Oats Futures Options Feedback: Listeners have their say Comment from TinySpec - @Options @QuikStrike1 @CMEGroup "Donald Trump might be long bitcoin!...
Posted December 26th, 2017

Topics this week include:

  • Bitcoin
  • Crude Oil
  • Gold
  • Winners - RBOB, Platinum
  • Losers - Feeder Cattle, Oats

Futures Options Feedback: Listeners have their say

  • Comment from TinySpec - @Options @QuikStrike1 @CMEGroup "Donald Trump might be long bitcoin! "?!?!?!?!?
  • Question from MarkClydeBrant1 - Should CL be priced in BTC value of GC to strip out USD risk?...Can't wait to see the COT reports on BTC Commercial Shorts: BANKS.
  • Comment from Ezpreso - Good bit on gold v #bitcoin from CME - openmarkets.cmegroup.com/12749/bitcoin-gold-growth-comparison
  • Comment from Bilc - Good job on the show Nick! Mark left the show in good hands. He can take vacations more often.
  • Question from LV67: Why is futures and FO data so hard to get?
  • Question from Camper: Do you notice any interesting patterns in corn volatility skew ahead of crop planting or harvesting?
  • Question from Tim Haver: What's the cost for the premium version of quikstrike? I like the free stuff that I play with during the show and I'm thinking about taking the plunge.
  • Question from NOZ3T: Is it possible to hedge some of these aggregate commodity ETFs with puts in their underlying itself - so hedge USO with WTI puts, Corn with corn puts - you get the idea?
  • Question from NOMNOM: I was excited about #bitcoin but this is giving me pause.
From the article: About 40 percent of bitcoin is held by perhaps 1,000 users; at current prices, each may want to sell about half of his or her holdings, says Aaron Brown, former managing director and head of financial markets research at AQR Capital Management. (Brown is a contributor to the Bloomberg Prophets online column.) What's more, the whales can coordinate their moves or preview them to a select few. Many of the large owners have known one another for years and stuck by bitcoin through the early days when it was derided, and they can potentially band together to tank or prop up the market.

Because bitcoin is a digital currency and not a security, he says, there's no prohibition against a trade in which a group agrees to buy enough to push the price up and then cashes out in minutes.

Other investors say the whales won't dump their holdings, because they have faith in the long-term potential of the coins. "I believe that it's common sense that these whales that own so much bitcoin and bitcoin cash, they don't want to destroy either one,"says Sebastian Kinsman, who lives in Prague and trades coins. But as prices go through the roof, that calculation might change.


Volatility Views 286: Bitcoin Futures vs VIX Options

Volatility Review: Looking back on 2017, the year without volatility. VIX has been under 10 for about 45 days this year, and under 12 for a little over 200 days. The numbers: VIX Cash - 9.56 VVIX - 92 CBOE Skew Index - 132.5 Russell's Weekly...
Posted December 26th, 2017

Volatility Review: Looking back on 2017, the year without volatility. VIX has been under 10 for about 45 days this year, and under 12 for a little over 200 days.

The numbers:

  • VIX Cash - 9.56
  • VVIX - 92
  • CBOE Skew Index - 132.5

Russell's Weekly Rundown:

  • VIX Options: ADV - 721k
  • VIX call/put: - 4, Total 9.38m (7.51m Calls, 1.88m Puts)
  • Commodities: Volatility is low but ambiguity is sky high.

Volatility Voicemail: Options question of the week.

Now it's a party! Bitcoin futures are live on both CME Group & CBOE. But everyone's asking us the $1M question - "When will we get Bitcoin Options?" So we thought we'd ask you: When will we be able to trade options on these futures?

  • Q1 2018
  • Q2 2018
  • Q3 2018
  • Q4 2018

Listener questions and comments:

  • Comment from FContangotrader - You should call #optionblockchain... forget Bitcoin, if you short $vxx since 2011 now you own an island at the Bahamas, if you own gamma and hedge with vol products, now you own 2 islands.
  • Question from Javier - Is there a Bitcoin VIX from the CBOE?
  • Question from JediGuy - What were your favorite volatility events and trades from 2017?
  • 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

Crystal Ball: Wild and reckless prognostication

Last week:

  • Mark S. - 10
  • Russell - 9.74
  • Bill - 8.99

This week:

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

Options Insider Radio Interviews: Talking CAT, Reg Tech and Burstiness with Thesys Technologies

In this episode, Mark is joined by Mike Beller, CEO of Thesys Technologies. They discuss: What is Thesys Technologies? What does Thesys Technologies do? CAT chat (consolidated audit trail) What is the status of the CAT? When will it go live? Security...
Posted December 22nd, 2017

In this episode, Mark is joined by Mike Beller, CEO of Thesys Technologies. They discuss:

  • What is Thesys Technologies?
  • What does Thesys Technologies do?
  • CAT chat (consolidated audit trail)
  • What is the status of the CAT?
  • When will it go live?
  • Security issues being a hangup
  • Data management
  • Quote updates yield data burstiness
  • And more

Option Block 679: Bitcoin and Levered SPY Risk Reversals

Trading Block: NKE after hours. ATM straddle - $3.40, approx. 5%. Looking back on 2017: The year without volatility. Odd Block: More Jan 2019 50 "Catastrophe" puts in (TSLA). Size roll/diagonal in Autodesk Inc. (ADSK). Size call party in First Data...
Posted December 22nd, 2017

Trading Block: NKE after hours. ATM straddle - $3.40, approx. 5%. Looking back on 2017: The year without volatility.

Odd Block: More Jan 2019 50 "Catastrophe" puts in (TSLA). Size roll/diagonal in Autodesk Inc. (ADSK). Size call party in First Data Corp. (FDC). Closing call party in Blackstone Group LP (BX).

Strategy Block: Uncle Mike Tosaw discusses his most recent trading strategy in SPY.

Mail Block: Options question of the week.

Now it's a party! Bitcoin futures are live on both CME Group and CBOE. But everyone's asking us the $1M question, "When will we get Bitcoin Options?" So we thought we'd ask you: When will we be able to trade options on these futures?

  • Q1 2018
  • Q2 2018
  • Q3 2018
  • Q4 2018

Breaking News Poll: Are you interested in the new Bitcoin futures, except you hate futures? Maybe an ETF is more your speed? Are you interested in trading the new Bitcoin ETF announced today by ICE?

  • Yes
  • No
  • I prefer the Futures
  • This is getting crazy!

Listener questions and comments:

  • 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.

Around the Block/Economic News: Dec 22: Durable Goods, Personal Income, New Home Sales, Consumer Sentiment


Options News Rundown: Friday, December 22, 2017

Options news you can use for Friday, December 22, 2017
Posted December 22nd, 2017

Options news you can use for Friday, December 22, 2017


OICs Wide World of Options 44: Panel - Do Earnings and Listed Options Go Together?

WWoO Show 44: Panel - Do Earnings and Listed Options Go Together? Four times a year the markets react to corporate earnings announcements. If you decide to initiate options strategy in this environment, there are important factors to consider...
Posted December 22nd, 2017

WWoO Show 44: Panel - Do Earnings and Listed Options Go Together?

Four times a year the markets react to corporate earnings announcements. If you decide to initiate options strategy in this environment, there are important factors to consider like: stock, index or ETF options? Will the effect of implied volatility have a greater impact on options prices than the stock movement itself? These questions along with specific option strategy ideas will be debated with our panelists from the CBOE/MIAX and moderated by Joe Burgoyne, Director of Individual Investor Education.

In this rebroadcast OICs webinar panel of experienced professionals will help you understand if earnings and listed options go together.


Options Playbook Radio 188: Covered Call with a Twist

In this episode, we are looking at a covered call, but with a twist: a credit spread around stock you already own. You can find more on page 80 of The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition....
Posted December 21st, 2017

In this episode, we are looking at a covered call, but with a twist: a credit spread around stock you already own. You can find more on page 80 of The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition.

Specifically:

  • FedEx announced earnings on 12/20, was up 3.5% after the announcement
  • It hit the all-time high on 12/20
  • What are the benefits of doing a credit spread instead of just a covered call?
  • Setting up the trade: picking expiration (and why that date)
  • Selecting strikes
  • What is the approach?
  • What is the risk?

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 21, 2017

Options news you can use for Thursday, December 21, 2017
Posted December 21st, 2017

Options news you can use for Thursday, December 21, 2017


Options News Rundown: Wednesday, December 20, 2017

Options news you can use for Wednesday, December 20, 2017
Posted December 20th, 2017

Options news you can use for Wednesday, December 20, 2017


Option Block 678: Is Donald Trump Long Bitcoin?

Trading Block: JPMorgan is lighting up Twitter. It's one of the bank's best ideas for 2018. A lot of div plays lighting up the tape today. Now it's a party! CME Bitcoin futures are live! Volume a little lighter in XBT now. Taleb is not a fan of...
Posted December 19th, 2017

Trading Block: JPMorgan is lighting up Twitter. It's one of the bank's best ideas for 2018. A lot of div plays lighting up the tape today. Now it's a party! CME Bitcoin futures are live! Volume a little lighter in XBT now. Taleb is not a fan of Bitcoin - at least not without options. Petterrfy also hates Bitcoin - but it didn't stop him from buying ads on the futures.

Odd Block: More Jan 2019 50 "Catastrophe" puts in Tesla Motors (TSLA). Size call party in Regions Financial Corp (RF). Ratio call vertical in CSX Corporation (CSX). Rolling puts in Synchrony Financial (SYF).

Mail Block: Time to hear from you.

This week's Options Break: Finally seeing Star Wars "The Last Jedi." Did you see it? What did you think?

  • 24% - Better than Force Awakens
  • 24% - Worse than Force Awakens
  • 39% - Not a Star Wars fan
  • 13% - Better than Empire

Options Question of the Week: Now it's a party! Bitcoin futures are live on both CME Group and CBOE. But everyone's asking us the $1M question - "When will we get Bitcoin Options?" So we thought we'd ask you - When will we be able to trade options on these futures?

  • Q1 2018
  • Q2 2018
  • Q3 2018
  • Q4 2018

Listener questions and comments

  • Question from LLN8 - What products would you like to see on the bitcoin/crypto front?
  • Comment from TMal - Rumors that Donald Trump is long Bitcoin, hence why he hasn't opined on the big story of the year.

Around the Block/This Week in the Market

  • Dec 19: Housing Starts
  • Dec 20: Existing Home Sales
  • Dec 21: Jobless Claims, GDP
  • Dec 22: Durable Goods, Personal Income, New Home Sales, Consumer Sentiment

Options News Rundown: Tuesday, December 19, 2017

Options news you can use for Tuesday, December 19, 2017
Posted December 19th, 2017

Options news you can use for Tuesday, December 19, 2017


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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.
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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