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, The Long and Short of Futures Options, Volatility Views, Options Insider Radio and much more. Join the thousands around the globe who turn to The Options Insider Radio Network for options information, analysis and education. 

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Show Archive

Option Block 605: Broker Madness Is Taking Over

Trading Block: Earnings today- GameStop (GME). Why the bull run will stay in great shape even as the health bill troubles traders. Odd Block: Calls roll in Fireeye Inc (FEYE), calls trade in Vale SA (VALE) and calls trade in GGP Inc. (GGP). Strategy...
Posted March 24th, 2017

Trading Block: Earnings today- GameStop (GME). Why the bull run will stay in great shape even as the health bill troubles traders.

Odd Block: Calls roll in Fireeye Inc (FEYE), calls trade in Vale SA (VALE) and calls trade in GGP Inc. (GGP).

Strategy Block: Uncle Mike Tosaw discusses his latest put spread trade.

Mail Block: Quizzes, questions, comments and more.

With $SKEW so high we all need to prepare for the impending #ZombieApocalypse. What's your #Zombie weapon of choice?

  • Sword/Axe
  • Club/Hammer
  • Flame Thrower
  • Rifle/Shotgun

Options #BrokerMadness tournament going on now. Today's #Options #BrokerMadness battles:

Around the Block:

Earnings this week:

  • Tuesday - Nike, FedEx

This Week in the Market:

  • Mar 24: Durable Goods

OICs Wide World of Options 36: Panel - Tax Advantages to Trading Index and Non-Equities Options

WWoO 36: Panel - Tax Advantages to Trading Index and Non-Equities Options This rebroadcast of OICs webinar program features Bob Gordon, president at Twenty-First Securities Corp., who will guide us through the unique and, sometimes, the most...
Posted March 24th, 2017

WWoO 36: Panel - Tax Advantages to Trading Index and Non-Equities Options

This rebroadcast of OICs webinar program features Bob Gordon, president at Twenty-First Securities Corp., who will guide us through the unique and, sometimes, the most preferable tax treatment given to index and other non-equity options.


Options News Rundown: March 24, 2017

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

Options news you can use for Friday, March 24, 2017.


Trading Tech Talk 60: Talking Buy and Build with Itiviti

CTO Interview Featuring Jesper Alfredsson, President Americas at Itiviti. He discusses: What is Itiviti? The history of CameronTec Who is the target market? Finding the middle way for infrastructure expansion Don't spend time on the plumbing Recent...
Posted March 23rd, 2017

CTO Interview Featuring Jesper Alfredsson, President Americas at Itiviti.

He discusses:

  • What is Itiviti?
  • The history of CameronTec
  • Who is the target market?
  • Finding the middle way for infrastructure expansion
  • Don't spend time on the plumbing
  • Recent upgrades, including smart order routing for options orders

Hot Topics in Tech:


Options News Rundown: March 23, 2017

Options news you can use for Thursday, March 23, 2017.
Posted March 23rd, 2017

Options news you can use for Thursday, March 23, 2017.


Options Playbook Radio 151: Buying PFE Calls

This week we will buy options in a stock that is at the low end of the implied volatility range. You can find long calls on page 40 of The Options Playbook, on OptionsPlaybook.com, or on the Amazon Kindle. To review the long calendar spread with...
Posted March 23rd, 2017

This week we will buy options in a stock that is at the low end of the implied volatility range. You can find long calls on page 40 of The Options Playbook, on OptionsPlaybook.com, or on the Amazon Kindle. To review the long calendar spread with calls, see page 90.

In this episode:

  • A review of last week's AAPL long calendar spread
  • Implied volatility of PFE is somewhat low
  • General rules of buying options contracts
  • What contract to buy and why?
  • Picking the strike and expiration
  • What will it cost?
  • You get more delta when you have more time on OTM options
  • What about the dividend?

Do you have questions that you would like answered on the show? Send them to Brian at [email protected].


Options News Rundown: March 22, 2017

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

Options news you can use for Wednesday, March 22, 2017.


Option Block 604: Does a High Skew Signal the Zombie Apocalypse

Trading Block: Apple continues to rally. NASDAQ touches fresh intra-day record, but stocks fight for traction. CBOE Skew Index trending higher. It's about time. Odd Block: Puts trade in GameStop Inc. (GME), call spreads trade in FireEye Inc. (FEYE)...
Posted March 21st, 2017

Trading Block: Apple continues to rally. NASDAQ touches fresh intra-day record, but stocks fight for traction. CBOE Skew Index trending higher. It's about time.

Odd Block: Puts trade in GameStop Inc. (GME), call spreads trade in FireEye Inc. (FEYE) and puts trade in Grupo Televisa SAB (TV).

Mail Block: Polls, upsets, questions, and more.

Options #BrokerMadness tournament going on now.

  • Tough battle today in #options #BrokerMadness as @optionsXpress takes on @IBKR, Who will emerge to take on @TradingBlock?
  • @LSFinancial crushing @tradier

Options #QuestionoftheWeek: In #BrokerMadness spirit, lets bring the fight to exchanges. What is your fav? Where do you send your business?

  • CBOE/BATS
  • NYSE/Arca/AMEX
  • NASDAQ/PHLX/ISE
  • Other: BOX,MIAX, etc

Listener question:

  • Question from JVao - Sell put + buy call = long delta exposure = cheaper than buying the underlying = maximizing skew = why does everyone not do this?

Around the Block: What's coming up this week?

Earnings!

  • Tuesday - Nike, FedEx
  • Thursday - GameStop

This week in the market:

  • Mar 22: Existing Home Sales
  • Mar 23: Jobless Claims, New Home Sales
  • Mar 24: Durable Goods

Options News Rundown: March 21, 2017

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

Options news you can use for Tuesday, March 21, 2017


Volatility Views 247: 25 Is the New 30 in VIX

Volatility Review: A look back at the week from a volatility perspective. VIX Cash: 11.16 VVIX: 75 CBOE Skew Index: 153.66, highest since 6/27/16. VIX Futures, Front month premium to cash - 0.5, Two month - 2 Russell's Weekly Rundown: VIX Options:...
Posted March 20th, 2017

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

  • VIX Cash: 11.16
  • VVIX: 75
  • CBOE Skew Index: 153.66, highest since 6/27/16.
  • VIX Futures, Front month premium to cash - 0.5, Two month - 2

Russell's Weekly Rundown:

  • VIX Options: Mon - 317k, Tues - 578k, Weds - 1.26M, Thurs - 546k, ADV - 605k
  • VIX Call/Put: 2.5 / 1
  • Total 11.6M
  • We have officially killed the 30 strike!
  • OIV/OVX - 28.22, spiked to nearly 35 last week on WTI sell-off
  • GVZ - 11.07
  • TYVIX - 4.37

Volatility Voicemail: Options #QuestionoftheWeek

$VIX = 11.50, $SNAP IV30 =56, $AAPL IV30 = 14, $OIV= 33. If you had to buy #Volatility-which is the best value?

  • $SNAP - aka Tween Vol
  • $AAPL - aka #iPhone Vol
  • $VIX - aka $VIX
  • $OIV -aka #Crude $VIX

Listener questions:

  • Question from MerchantAdventurers - Non jargon...lots are betting VIX goes lower, yes?
  • Question from Grow Your Business - There will be a day in the next 60 days that it will spike big. Should have a pool to see who guesses the correct date. April 13th!

Crystal Ball: Wild and reckless prognostication

  • Mark L. - 10.65
  • Mark S. - 10.90
  • Russell - 11.11

This Week in Futures Options 45: The Many Flavors of Milk

Topics this week include: Showing signs of life in WTI/Crude Oil Follow along at cmegroup.com/twifo Gold Low vol/high gamma What's paying the rent? Futures Options Feedback: Listener questions and comments Question/Comment from John Pagnola - Looks...
Posted March 20th, 2017

Topics this week include:

  • Showing signs of life in WTI/Crude Oil
  • Follow along at cmegroup.com/twifo
  • Gold
  • Low vol/high gamma
  • What's paying the rent?

Futures Options Feedback: Listener questions and comments

  • Question/Comment from John Pagnola - Looks like you were right about a selloff lifting OIV in the short term. But that's obviously coming off now. Now that we are in this new paradigm what do you think it will take to budge the needle again?
  • Question from Haymaker - Maybe Fluid Milk as a surprise product for next show?
  • Question from Amy - What is the shortest expiry available for plain vanilla options?

Options News Rundown: March 20, 2017

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

Options news you can use for Monday, March 20, 2017


Option Block 603: Musk Magic

Trading Block: The stock market slipped following Fed rate-hike rally, declining in oil prices. The U.S. equity benchmarks slipped Thursday as investors reconsidered the Wednesday rally. Odd Block: Calls trade in GoPro Inc (GPRO), calls trade in Hecla...
Posted March 17th, 2017

Trading Block: The stock market slipped following Fed rate-hike rally, declining in oil prices. The U.S. equity benchmarks slipped Thursday as investors reconsidered the Wednesday rally.

Odd Block: Calls trade in GoPro Inc (GPRO), calls trade in Hecla Mining Co. (HL) and calls trade in Momo Inc (MOMO)

Strategy Block: Andrew Giovinazzi discusses closing trades in his strategy block debut.

Mail Block: Options #QuestionoftheWeek

$VIX = 11.50, $SNAP IV30 =56, $AAPL IV30 = 14, $OIV= 33. If you had to buy #Volatility-which is the best value?

  • 22% - $SNAP - aka Tween Vol
  • 19% - $AAPL - aka #Iphone Vol
  • 35% - $VIX - aka $VIX
  • 24% - $OIV -aka #Crude $VIX

Listener questions and comments:

  • Question from NanFran - Tomorrow is a triple witching hour. What does that mean for options?
  • Question from Goose - What is the difference between weekly options and standard options?

Around the Block/This Week in the Market: Mar 17: Industrial Production, Consumer Sentiment


Options News Rundown: March 17, 2017

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

Options news you can use for Friday, March 17, 2017.


Options Playbook Radio 150: AAPL Long Calendar Spread

Today we are going to take a look at long calendar spread with calls on a little known company called Apple. This is on page 90 of The Options Playbook, on OptionsPlaybook.com, or on the Amazon Kindle. Specifically: What can you do going into...
Posted March 16th, 2017

Today we are going to take a look at long calendar spread with calls on a little known company called Apple. This is on page 90 of The Options Playbook, on OptionsPlaybook.com, or on the Amazon Kindle.

Specifically:

  • What can you do going into earnings?
  • How to "control" implied volatility around earnings
  • AAPL indicates that it will announce earnings on April 25
  • What are the implied volatilities for the at-the-money calls expiring around that date?
  • Setting up the trade: picking strikes and expirations
  • What is the net cost for the spread?
  • What do we want to happen?
  • Plus, reviewing the GPS butterfly and the ABT straddle

Do you have questions that you would like answered on the show? Send them to Brian at [email protected].


Options News Rundown: March 16, 2017

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

Options news you can use for Thursday, March 16, 2017.


Options News Rundown: March 15, 2017

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

Options news you can use for Wednesday, March 15, 2017.


Option Block 602: The Ides of Yellen

Trading Block: Are SNAP options set for strong demand on their market debut? Fed kicks off tomorrow. Odd Block: Puts trade in Encana Corp. (ECA), calls trade in Texas Instruments Inc. (TXN) and calls trade in Rio Tinto PLC (RIO) Mail Block: Options...
Posted March 14th, 2017

Trading Block: Are SNAP options set for strong demand on their market debut? Fed kicks off tomorrow.

Odd Block: Puts trade in Encana Corp. (ECA), calls trade in Texas Instruments Inc. (TXN) and calls trade in Rio Tinto PLC (RIO)

Mail Block:

Options #QuestionOfTheWeek - $VIX = 11.50, $SNAP IV30 = 56, $AAPL IV30 = 14, $OIV = 33. If you had to buy #Volatility, which is the best value?

  • $SNAP - aka Tween Vol
  • $AAPL - aka #iPhone Vol
  • $VIX - aka $VIX
  • $OIV - aka #Crude $VIX

Listener questions and comments:

  • Question from Anthony Carter - Snap puts, what the heck!?
  • Question from Dr X - I just saw The Big Short, what do you guys think of it? Also, check out Logan if you have not already.

Around the Block: Beware the Ides of Yellen. Earnings: Del Taco and Oracle.


Options News Rundown: March 14, 2017

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

Options news you can use for Tuesday, March 14, 2017.


Volatility Views 246: On the Bleeding Edge of Volatility at CBOE RMC

Volatility Review: Vol Views is live from the 2017 RMC Conference in Dana Point, CA! Mark and Russell are joined by: Bill Luby, VIX and More Ilya Feygin, Managing Director, Wallachbeth Themes from the event include: Kelly criterion How low VIX is...
Posted March 13th, 2017

Volatility Review: Vol Views is live from the 2017 RMC Conference in Dana Point, CA! Mark and Russell are joined by:

  • Bill Luby, VIX and More
  • Ilya Feygin, Managing Director, Wallachbeth

Themes from the event include:

  • Kelly criterion
  • How low VIX is
  • Buying options
  • Social media sentiment
  • Steepness of vol term structure
  • Sector movement
  • Weekend risk and the dampening of volatility
  • And more

This Week in Futures Options 44: Finally, A Crude Vol Explosion

Topics this week include: What would it take for a crude selloff? Oil/WTI: Updates, strikes, open interest, paying the rent Gold: December 1400 calls? Want more: check out cmegroup.com/twifo
Posted March 13th, 2017

Topics this week include:

  • What would it take for a crude selloff?
  • Oil/WTI: Updates, strikes, open interest, paying the rent
  • Gold: December 1400 calls?
  • Want more: check out cmegroup.com/twifo

Option Block 601: The Umbrage Hour

Trading Block: What's going on in the market? The BBI explained. What would drive the VIX up? Interactive Brokers to Stop Options Market-Making Activities. Snap options set for strong demand on market debut. Crude oil prices fall below $50 as US...
Posted March 10th, 2017

Trading Block: What's going on in the market?

Odd Block: Puts trade in ILG Inc (ILG), puts trade in SPDR S&P Oil and Gas (XES) and puts call and puts trade in SPDR S&P Oil and Gas (XOP).

Strategy Block: Uncle Mike Tosaw discusses credit spreads.

Mail Block: Listener questions and comments

  • Question from C.J. Magnuson: Is Interactive Brokers basically being squeezed by pay for play?
  • Question from Amy: What is the shortest expiration available for plain vanilla options?

Around the Block/This Week in the Market:

  • Mar 10: Unemployment, Export Prices

Options News Rundown: March 10, 2017

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

Options news you can use for Friday, March 10, 2017.


Options News Rundown: March 9, 2017

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

Options news you can use for Thursday, March 9, 2017.


Options Playbook Radio 149: ABT Long Straddle

Today we are looking at a long straddle. You can find this in The Options Playbook, on OptionsPlaybook.com, or on the Amazon Kindle. In this episode, Brian discusses: A review of the long GPS put spread that was adjusted into a butterfly How was the...
Posted March 9th, 2017

Today we are looking at a long straddle. You can find this in The Options Playbook, on OptionsPlaybook.com, or on the Amazon Kindle.

In this episode, Brian discusses:

  • A review of the long GPS put spread that was adjusted into a butterfly
  • How was the butterfly constructed, and for what price?
  • What has happened since the adjustment?
  • What to do now?
  • Remember, butterflies love time decay
  • Moving into the healthcare sector, implied volatility is low in Abbot Labs
  • Where is 30-day IV in Abbott Labs?
  • When does ABT announce earnings?
  • Putting on a 35-day straddle
  • Picking strikes
  • What is the cost?
  • What about a fig leaf? (aka leveraged covered call)
  • Picking the strikes
  • What is the cost?

Do you have questions that you would like answered on the show? Send them to Brian at [email protected].


Paul Ryan - The Business Show Episode 13

The Business Crew is back again to hit you with the Mark-et Beat, a riveting discussion about Speaker of the House, Paul Ryan, and a great interview with one of their favorite guests, Vladimir Putin. Trump live tweets throughout the episode.
Posted March 8th, 2017

The Business Crew is back again to hit you with the Mark-et Beat, a riveting discussion about Speaker of the House, Paul Ryan, and a great interview with one of their favorite guests, Vladimir Putin. Trump live tweets throughout the episode.


Options News Rundown: March 8, 2017

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

Options news you can use for Wednesday, March 8


Option Block 600: SNAP Straddles and Earnings Bets

Trading Block: OCC announced that total cleared contract volume in February was 333,411,251 contracts, 1% from February 2016 volume. Index options volume was up 11% with 39,247,030 contracts in February. An escalating broker price war has begun. Odd...
Posted March 7th, 2017

Trading Block: OCC announced that total cleared contract volume in February was 333,411,251 contracts, 1% from February 2016 volume. Index options volume was up 11% with 39,247,030 contracts in February. An escalating broker price war has begun.

Odd Block: Puts trade in iShares Iboxx $High Yield Corp (HYG), calls trade in NRG Energy, Inc. (NRG) and calls trade in Dicks Sporting Goods (DKS).

Mail Block: Options #QuestionOfTheWeek #Oscars Edition.

#WarrenBeatty screwed up Best Picture. What's your biggest #Options screwup?

  • 37% - Held onto shorts too long
  • 37% - Time Decay killed me
  • 11% - Gamma Exploded In My Face
  • 15% - Vega Snuck up on My Delta

Listener replies:

  • Comment from Matt Benson - Calls in TSLA last week, lol (in response to OQOTW)
  • Comment from John Dakota - Too soon to tell. My one mistake was putting an Iron Butterfly on wrong had to lose 20 and a DT for it. Just took off BBY for 200+!

#QuestionOfTheWeek, part deux

SNAP #Options arrive Friday. Assuming $SNAP is still $25 - price the 1-week straddle exp. 3/17 (aka how much movement)

  • Between $1 - $2
  • Between $2 - $3
  • Between $3 - $4
  • Over $4

Listener questions and comments:

  • Question from Hopgrower - Mark and The meatball, love your shows. My question is as follows: How much heart burn does this thought process give you. I have a directional bias and I buy a slightly in the money call 45 to 60 days out. The stock moves in my favor then stalls or retraces slightly. I then turn it into a vertical. Please fire away. Always learning. Thanks, Hopgrower
  • Question from Tom Drake - Whats up with Mike's SLV collar?
  • Question from Sean - You have discussed closing positions prior to earnings on past shows. Why would I take an OTM options off the table before the announcement? Is that not exactly when I want to have the option?

Around the Block:/This Week in the Market:

  • Mar 6: Factory Orders
  • Mar 7: International Trade
  • Mar 8: Productivity and Costs
  • Mar 9: Jobless Claims
  • Mar 10: Unemployment
  • Mar 10: Export Prices

Options News Rundown: March 7, 2017

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

Options news you can use for Tuesday, March 7, 2017.


This Week in Futures Options 43: The Fed, Non-Farm Payrolls and Rates

This week in the CME hot seat we have Erik Norland, Executive Director and Senior Economist of CME Group. Topics this week include: Rates Beware as Debt Ceiling Meets Fiscal Ambitions Hedging the Next Explosion in High-Yield Bond Spreads Oil Oil:...
Posted March 6th, 2017

This week in the CME hot seat we have Erik Norland, Executive Director and Senior Economist of CME Group.

Topics this week include:

You can always follow along on cmegroup.com/twio

Futures Options Feedback: Listener questions and comments

  • Question from Sean - What would you expect to see in bond options leading up to the March Fed meeting?
  • Question from Biggens - How do NonFarm payrolls and the Fed impact the options market?

Volatility Views 245: Volatility Disconnect

Volatility Viewpoint: This episode features a special guest: David Hait, Founder of OptionMetrics. He discusses: A overview of Option Metrics and the Feb. 21 release on skew What is the flavor of choice for skew at Option Metrics? Why does he think...
Posted March 6th, 2017

Volatility Viewpoint: This episode features a special guest: David Hait, Founder of OptionMetrics.

He discusses:

  • A overview of Option Metrics and the Feb. 21 release on skew
  • What is the flavor of choice for skew at Option Metrics?
  • Why does he think we are seeing such a bid in VIX futures right now?
  • How does this term structure compare to historical levels?
  • What his your outlook for volatility under Trump?

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

  • VIX Cash - 11.71, unchanged from last week.
  • VVIX - 83.61, also unchanged from last week.
  • CBOE Skew Index - 133.6. Front month premium to cash: 1.4, less than last week. Two month premium to cash: 3.25, slightly less than last week.

Russell's Weekly Rundown:

  • VIX Options: A mild volume week. ADV - 575k. Mon - 437k, Tues - 455k, Weds - 492k, Thurs - 275k. Total 9.70m (7.04m Calls, 2.66m Puts)
  • SNAP: The first big IPO of the year is off to the races. It was supposed to list at $17, opened at $24 and traded up to nearly $26.

Options Pop Quiz: If $SNAP opens at $17 what price would you give the ATM straddle expiring 3/10? AKA how much movement do you expect? (Our listeners totally called this one)

  • 13% - Between $1 - $2
  • 13% - Between $2 - $3
  • 19% - Between $3 - $4
  • 55% - Over $4 - aka over 23%

Volatility Voice Mail: Options #QuestionOfTheWeek

$VIX has already hit single digits under @realDonaldTrump. How low will it get during the rest of his term?

  • 29% - It wont break 10 again
  • 22% - Between 9-10
  • 22% - Between 8 - 9
  • 27% - Below 8

Question Number 2: $SNAP closed at $24.50. If #Options were available tomorrow would you rather:

  • 45% - Buy 1 month $24 put
  • 11% - Buy 1 month $25 call
  • 19% - Stay the heck away
  • 25% - I would rather sell premium

Listener questions and comments:

  • Comment from Hawkeye - Mark, I call MAJOR umbrage for you taking credit for MY idea of calling Russell "Dr. VIX"! As you can see in the forwarded email below, I have it IN WRITING that I proposed that moniker for the good Dr. back on November 17, 2015. You should feel ASHAMED of yourself in your weak attempt to take credit for my idea, ESPECIALLY since I sat right next to you and Uncle Mike at the Lobster and Meatball fest in Chicago a couple years ago, eating tasty steaks on Sebastian dime. Have you no shame, sir? Is your memory that short? Umbrage! I hereby give you permission to send the residual checks to my PayPal account. On another note, here is another idea that you CAN keep:
    The business show should use as its motto The Business Show! It is an audio train wreck -- you cannot stop listening no matter how much you know you shouldn't. While I am at it, I really like Nick and the new revitalized Futures shows. Even though I do not trade futures options, I still use the concepts to trade some of the ETFs/ETNs. Get the Typhon guys back on and see if you can get the Viceroy and Don S. back on for a mega-reunion show sometime. Keep up the great work! Hawkeye
  • Question from Kmar65 - Have you all covered the situation with Catalyst and the HFXAX fund recently? I try to get to all the webcasts but must have missed it if you had. Expected max drawdown was 5% and they blew through that. Gives one cause for pause re options strategies. would be great to understand how it happened and how it could/should have been avoided. Thanks in advance!

Crystal Ball: Your prognostication headquarters

Last week:

  • Mark L. - 11.25
  • Mark S. - 11.50
  • Russell - 12.34
  • Guest - 12.65

This week:

  • Mark L. - 11.55
  • Mark S. - 11.00
  • Russell - 12.00

Options News Rundown: March 6, 2017

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

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


Options News Rundown: March 3, 2017

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

Options news you can use for Friday, March 3, 2017.


Option Block 599: Pricing SNAP Straddles

Trading Block featuring special guest Ophir Gottlieb, CEO of Capital Market Laboratories, Editor in Chief @CMLviz SNAP: The first big IPO of the year is off to the races. Supposed to list at $17, opened at $24 and traded up to nearly $26, up over 50%...
Posted March 3rd, 2017

Trading Block featuring special guest Ophir Gottlieb, CEO of Capital Market Laboratories, Editor in Chief @CMLviz

SNAP: The first big IPO of the year is off to the races. Supposed to list at $17, opened at $24 and traded up to nearly $26, up over 50% from the listing price.

Earnings earlier in the week:

  • Tuesday - Target
  • Wednesday - Best Buy
  • Earnings today: After the bell - Costco

Odd Block: Puts trade in Shake Shack Inc (SHAK), calls trade in Sirius XM Holdings (SIRI) and calls trade in Dollar Tree (DLTR).

Strategy Block: Uncle Mike Tosaw discusses profit-taking scenarios.

Mail Block: Options #QuestionOfTheWeek #Oscars Edition.

#WarrenBeatty screwed up Best Picture. What's your biggest #Options screwup?

  • 37% - Held onto shorts too long
  • 37% - Time Decay killed me
  • 11% - Gamma Exploded In My Face
  • 15% - Vega Snuck up on My Delta

Options Pop Quiz - If $SNAP opens at $17 what price would you give the ATM straddle expiring 3/10? AKA how much movement do you expect?

  • Between $1 - $2
  • Between $2 - $3
  • Between $3 - $4
  • Over $4

Around the Block/This Week in the Market: It is a very heavy week as far as economic reports go with a bulk of them coming on Tuesday and Wednesday. Where did February go? Mar 2 - Jobless Claims


Options Playbook Radio 148: Adjusting a GPS Long Put Spread into a Butterfly

Last week we put on two long spreads to coincide with GPS earnings. We knew that one of them would not work, and planned on adjusting it into a butterfly. In this episode, Brian rolls the long put spread into a butterfly. Specifically, Brian...
Posted March 2nd, 2017

Last week we put on two long spreads to coincide with GPS earnings. We knew that one of them would not work, and planned on adjusting it into a butterfly. In this episode, Brian rolls the long put spread into a butterfly.

Specifically, Brian discusses:

  • A review of last week
  • What happened since GPS announced earnings?
  • Which trade didn't work?
  • Adjusting the long put spread
  • What do we want to happen?
  • Setting up the trade, picking strikes
  • What is the net risk? Reward?
  • What is the plan until expiration?

Do you have questions that you would like answered on the show? Send them to Brian at [email protected].


Options News Rundown: March 2, 2017

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

Options news you can use for Thursday, March 2, 2017.


Options News Rundown: March 1, 2017

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

Options news you can use for Wednesday, March 1, 2017.


Option Block 598: PCLN and the Dangers of Assignment

Trading Block: Dow sets sights on 12th straight record close. PCLN - $1631.25, ATM straddle approx. $69, approx. 4.2%. Odd Block: Calls trade in CurrencyShares Euro Trust (FXE), calls trade in SPDR Euro Stoxx 50 (FEZ) and calls trade in Square Inc....
Posted February 28th, 2017

Trading Block: Dow sets sights on 12th straight record close. PCLN - $1631.25, ATM straddle approx. $69, approx. 4.2%.

Odd Block: Calls trade in CurrencyShares Euro Trust (FXE), calls trade in SPDR Euro Stoxx 50 (FEZ) and calls trade in Square Inc. (SQ).

Mail Block: Questions, polls, and more.

Options #QuestionOfTheWeek - #Oscars Edition. #WarrenBeatty screwed up Best Picture. What is your biggest #Options screwup?

  • Held onto shorts too long
  • Time decay killed me
  • Gamma exploded in my face
  • Vega snuck up on my delta

Listener questions and comments

  • Question from Gabe Rich - Hi guys. Do you know of any instance where automatic assignment/exercise by the OCC failed? I am selling a lot of put spreads lately and I have this nightmare that if the stock drops (market crush) and my spread ends up big time in the money. It will be assigned the short leg but not exercised the long leg. Thus creating a huge stock position that might be fatal. I just wonder if that ever happened, something along the lines of flash crush but for options. I am assuming this automatic assignment/exercise process is computerized, and it could be subject to failures. This could be an interesting discussion with your panel of experts, with decades of experience! Thanks, and looking forward for some thoughts.
  • Comment from Game Daydog -Just had a successful vertical spread and wanted to thank you for encouraging me to step out of my comfort zone and try different option strategies. That Iron Condor is next, even though it sounds like a move from an old kung-fu movie!

Around the Block:

This Week in the Market:

  • Feb 28 - GDP, International Trade, Consumer Confidence
  • Mar 1 - Construction Spending, Beige Book
  • Mar 2 - Jobless Claims

Earnings this week:

  • Tuesday - Target
  • Wednesday - Best Buy
  • Thursday - Costco

Options News Rundown: February 28, 2017

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

Options news you can use for Tuesday, February 28, 2017.


Volatility Views 244: The Vibrant Asian Warrant Scene

Volatility Viewpoint: featuring Tobias Hekster Co-CIO at True Partner Capital USA. He discusses: His your background in the volatility space Which products did he trade? The Hong Kong volatility scene What does True Partner Capital do? What does True...
Posted February 27th, 2017

Volatility Viewpoint: featuring Tobias Hekster Co-CIO at True Partner Capital USA.

He discusses:

  • His your background in the volatility space
  • Which products did he trade?
  • The Hong Kong volatility scene
  • What does True Partner Capital do?
  • What does True Partner Capital trade?

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

  • VIX Cash: 11.71 and VVIX: 82.20, both almost unchanged from last week.
  • CBOE Skew Index: 141, approaching the 6-month high of 146 set on Jan 20.
  • VIX Futures term structure surprisingly steep, VIX futures bid even though realized volatility remain above 6. Front month premium to cash: 1.9, steeper than last week. Two-month premium to cash: 3.50, much steeper than last week.

Russell's Weekly Rundown:

  • VIX Options: A mild volume week. Mon - Closed, Tues - 719k, Wed - 524k, Thurs - 78k, ADV - 575k. VIX Call/Put: 2.6/1. Total 8.57m (6.21m Calls, 2.35m Puts)
  • OIV/OVX: 25.52, oil volatility continues to be crushed.
  • GVZ: 13.68, also continues to erode.
  • TYVIX: 5.29

Volatility Voicemail: So many questions

Options #QuestionOfTheWeek: $VIX has already hit single digits under @realDonaldTrump. How low will it get during the rest of his term?

  • It wont break 10 again
  • Between 9-10
  • Between 8 - 9
  • Below 8
  • Question from Fksthlm: VSTOXX vs VIX Frexit risk: your view on this in today's show would be very interesting!

Crystal Ball: Wild, reckless prognostication

Last week:

  • Mark L. - 10.45, Mark S. - 10.85, Russell - 11.75

This week:

  • Mark L. - 11.25, Mark S. - 11.50, Russell - 12.34, Tobias - 12.65

This Week in Futures Options 42: How to Trade Commodity Volatility

This week features Larry Shover co-founder of Mutual Fund Solutions Group. Topics this week include: Crude Oil WTI Silver Futures Options Feedback: Listener questions and comments Question from LL43: Is buying straddles a more effective strategy in...
Posted February 27th, 2017

This week features Larry Shover co-founder of Mutual Fund Solutions Group.

Topics this week include:

  • Crude Oil
  • WTI
  • Silver

Futures Options Feedback: Listener questions and comments

  • Question from LL43: Is buying straddles a more effective strategy in #futuresoptions due to the different nature of decay or is it still necessary to scalp aggressively to survive?
  • Comment from Hawkeye: The Business Show should use as its motto, "The Business Show: It is an audio train wreck!" You cannot stop listening no matter how much you know you should not. While I am at it, I really like Nick and the new revitalized futures shows. Even though I do not trade futures options, I still use the concepts to trade some of the ETFs/ETNs.
  • Question from JGrange: Are there dedicated futures volatility products or ways to trade commodity volatility directly?

Options News Rundown: Monday, February 27, 2017

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

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


Option Block 597: The Impossible VIX Debate

Trading Block: Earnings! Earlier this week: Tuesday - Home Depot, Macy?s, Wal-Mart; Wednesday - Tesla, Fitbit TSLA: Close - $273.51, ATM straddle - $17.16, approx. 6%, Open - $264.08, down 3.4% FITBIT: Close - $5.88, ATM straddle - $.76, approx....
Posted February 24th, 2017

Trading Block: Earnings!

  • Earlier this week: Tuesday - Home Depot, Macy?s, Wal-Mart; Wednesday - Tesla, Fitbit
  • TSLA: Close - $273.51, ATM straddle - $17.16, approx. 6%, Open - $264.08, down 3.4%
  • FITBIT: Close - $5.88, ATM straddle - $.76, approx. 13%, Open - $5.92, effectively unchanged
  • Earnings today: Before the bell - Kohls; After the bell - Nordstrom, BIDU, Herbalife
  • NYSE plans a trial run for Snap IPO.

Odd Block: Calls trade in Carmax Inc (KMX), calls trade in Scientific Games Corp (SGMS) and calls trade in Fireeye Inc (FEYE)

Strategy Block: Uncle Mike Tosaw discusses specifics in a covered call wheel strategy

Mail Block: Quiz, questions and comments

Options #QuestionOfTheWeek - $VIX has already hit single digits under @realDonaldTrump. How low will it get during the rest of his term?

  • It will not break 10 again
  • Between 9 -10
  • Between 8 - 9
  • Below 8

Listener feedback:

  • Question from Bigtonutz - 9372 $WY Jul21 35 calls went up in 1 block on the PHLX. Are they looking for this to probably going above 35 by July? ?Oh another question since I asked the other one and you did not answer, ahhh why do insiders keep selling shares? Do they feel this will drop for some reason? Just want to get your opinion.

Around the Block: Earnings Friday: JC Penney; Earnings next week: Best Buy, Costco, Target


Options News Rundown: February 24, 2017

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

Options news you can use for Friday, February 24, 2017.


Options News Rundown: February 23, 2017

Options news you can use for Thursday, February 23, 2017.
Posted February 23rd, 2017

Options news you can use for Thursday, February 23, 2017.


Options Insider Radio Interviews: Solving the Looming Liquidity Crisis with IMC

Today Mark is joined by Paul Jiganti, Managing Director at IMC. They discuss: Paul's history in the options industry What is IMC? What is an options wholesaler? How IMC helps lower the barrier to entry Fighting to give the best price to the end user...
Posted February 23rd, 2017

Today Mark is joined by Paul Jiganti, Managing Director at IMC.

They discuss:

  • Paul's history in the options industry
  • What is IMC?
  • What is an options wholesaler?
  • How IMC helps lower the barrier to entry
  • Fighting to give the best price to the end user
  • Taking a dive into the Flash Boys rabbit hole
  • The evolving regulatory environment
  • Incentivizing liquidity
  • The perfect hedge
  • And more

Options Playbook Radio 147: GPS Bull Call Spread

Today we are looking at long call (aka bull call) spreads. You can find this in The Options Playbook, on OptionsPlaybook.com, or on the Amazon Kindle. Brian discusses: A review of last week's bull call spread in SJM GPS announces earnings on 2/23...
Posted February 23rd, 2017

Today we are looking at long call (aka bull call) spreads. You can find this in The Options Playbook, on OptionsPlaybook.com, or on the Amazon Kindle.

Brian discusses:

  • A review of last week's bull call spread in SJM
  • GPS announces earnings on 2/23
  • Setting up the trade
  • Picking expirations to capture earnings and beyond
  • Picking strikes based on the expected move
  • What is the cost?

Options News Rundown: February 22, 2017.

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

Options news you can use for Wednesday, February 22, 2017.


Options News Rundown: February 21, 2017

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

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


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

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...
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?"

Volatility Views 243: Crazy VIX Ratio Call Spreads

Volatility Review: A look back at the week from a volatility perspective. VIX Cash - Just under 11.76 VVIX - 80 CBOE Skew Index - 141, approaching 6-month high of 146 set on Jan 20. VIX Futures: Front month premium to cash - 1.25; Two month premium...
Posted February 20th, 2017

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

  • VIX Cash - Just under 11.76
  • VVIX - 80
  • CBOE Skew Index - 141, approaching 6-month high of 146 set on Jan 20.
  • VIX Futures: Front month premium to cash - 1.25; Two month premium to cash - 2.50.

Russell's Weekly Rundown:

Volatility Voicemail: Quizzes, questions, comments

Options #QuestionOfTheWeek: Trading single #Calls and #Puts is fine, but smart #Options traders use spreads. What is your go-to spread?

  • Vertical/Ratio Vertical
  • Calendar/Diagonal
  • Butterfly/ Iron Butterfly
  • Iron Condor

Listener questions:

  • Question from Nordictan - Is it possible to change the default LiveVol font settings and make it larger? The current setting is simply too small for my multi-monitor setup. My screen devoted to LiveVol is a bit removed from my seating position so I always struggle to read it. A nice pop in the font size would be very useful.
  • Question from Vincent Chase - Why do you say that this earnings cycle is disappointing from a volatility perspective?

Crystal Ball: Your headquarters for wild and reckless prognostication.

Last week:

  • Mark L - 10.45
  • Mark S. - 10.85
  • Russell - 11.75

This week:

  • Mark L. - 11.25
  • Mark S. - 10.75
  • Russell - 12.01

Options News Rundown: February 17, 2017

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

Options news you can use for Friday, February 17, 2017.


Option Block 596: Disastrous 1x3 Call Spreads

Trading Block: Earnings earlier this week. Tuesday - Potbelly, T-Mobile Wednesday - PepsiCo, Inc., Cisco Systems, Inc., Groupon, Marriott International Earnings today. AVP - Crush, stock down 17% intraday. Odd Block: Calls trade in Himax Technologies,...
Posted February 17th, 2017

Trading Block: Earnings earlier this week. Tuesday - Potbelly, T-Mobile
Wednesday - PepsiCo, Inc., Cisco Systems, Inc., Groupon, Marriott International
Earnings today. AVP - Crush, stock down 17% intraday.

Odd Block: Calls trade in Himax Technologies, Inc (HIMX), Calls trade in Health Care SPDR (XLV), Calls and puts trade in Mondelez International Inc (MDLZ)

Mail Block:
#Options #QuestionOfTheWeek - Trading single #Calls and #Puts is fine, but smart #Options traders use spreads. What is your go-to spread?
- Vertical/Ratio Vertical
- Calendar/Diagonal
- Butterfly/ Iron Butterfly
- Iron Condor
Question from Gramercy - So I am interested in $ATVI ahead of earnings. I buy 1 Feb 39.50 call for $1.50. The stock opens up the next day and I sell it out for $5. What am I missing? Why does everyone say this earnings stuff is so hard?
Question from NIZ - Are there options on Snap?
*Note from IPO filing - ?Like many burgeoning tech startups, Snap warned that it ?may never achieve or maintain profitability.?
Question from Mark Tucker - You think MaxPain was the reason to hold $AAPL below $132.40 for closing? Rest of Nasdaq seemed bright green. Thoughts? Thank you.
Question from Richard R. - At 14:00 of episode 553 you stat that a $6 straddle was pricing an 8% move following earnings. Is this just the current ATM straddle?

Around the Block: The market will be closed Monday, February 20 for Presidents Day.
This week in the market - Feb 16: Jobless Claims, Housing Starts
Earnings next week - TSLA, BIDU


Options Playbook Radio 146: SJM Long Calendar Spread

Today we are looking at long calendar spreads. You can find this on pages 90 (calls) and 93 (puts) in The Options Playbook, on OptionsPlaybook.com, or in the Amazon Kindle version. Brian reviews: Review of last week's TSLA calendar spreads with...
Posted February 16th, 2017

Today we are looking at long calendar spreads. You can find this on pages 90 (calls) and 93 (puts) in The Options Playbook, on OptionsPlaybook.com, or in the Amazon Kindle version.

Brian reviews:

  • Review of last week's TSLA calendar spreads with calls and puts.
  • Long calendar spreads, or bull calendar spreads.

Options News Rundown: February 16, 2017

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

Options news you can use for Thursday, February 16, 2017.


Options News Rundown: February 15, 2017

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

Options news you can use for Wednesday, February 15, 2017.


Advisors Option 52: Fitting Options into Your Portfolio

The Buzz: What are the latest developments in the options market for advisors? Fiduciary rule, revisited. What does it mean? Will options be back on the chopping block? Why does the law of unintended consequences seem to hit options so often? The new...
Posted February 15th, 2017

The Buzz: What are the latest developments in the options market for advisors?

  • Fiduciary rule, revisited. What does it mean? Will options be back on the chopping block? Why does the law of unintended consequences seem to hit options so often?
  • The new white paper from Swan, "Where the DRS Fits in a Portfolio"
  • How to fit options into portfolio allocation?
  • What is the optimal asset allocation?
  • Are there not enough financial advisors (planners) to meet demand?
  • The alts didn't do well last year. Why should advisors increase allocation to what some consider an alt?
  • Are options the veggies of your portfolio?

Option Block 595: Rise of the Yield Hunters

Trading Block: Earnings! Apple did not reach all time highs, but its close price is an all time highs. All time highs happened on April 28, 2015 @ 134.54. MIAX launches 15th options exchange with MIAX-Pearl. ICE Cool on Options: Speaking at the Credit...
Posted February 14th, 2017

Trading Block: Earnings! Apple did not reach all time highs, but its close price is an all time highs. All time highs happened on April 28, 2015 @ 134.54. MIAX launches 15th options exchange with MIAX-Pearl. ICE Cool on Options: Speaking at the Credit Suisse Financial Services Forum in Miami Beach, Fla., Jeff Sprecher, founder, CEO, and chairman of ICE, painted a less than rosy picture of the options market.

Odd Block: Calls trade in True Car Inc (TRUE), calls trade in Union Pacific Corp (UNP) and puts trade in Amgen, Inc (AMGN)

Mail Block: Questions, comments, quizzes.

Options #QuestionOfTheWeek - Trading single #Calls and #Puts is fine, but smart #Options traders use spreads. What is your go-to spread?

  • Vertical/Ratio Vertical
  • Calendar/Diagonal
  • Butterfly/ Iron Butterfly
  • Iron Condor

Listener question:

Question from Game Day Dog - Hi. I have done well buying calls & puts, but have been practicing with credit & debit vertical spreads - see the DPZ trade picture. I am worried about max risk. How is this different than selling a naked option if my 195 protection is OTM at expiration? Can you discuss the "surprises" or things to watch for with vertical spreads? Thanks & great show.

Around the Block: What is on the radar for the rest of this week?

Earnings this Week:

  • Tuesday: Potbelly, T-Mobile
  • Wednesday: PepsiCo, Inc., Cisco Systems, Inc., Groupon, Marriott International
  • Thursday: Time Inc., Waste Management

This Week in the Market

  • Feb 14: Producer Price Index
  • Feb 15: Consumer Price Index, Retail Sales, Industrial Production, Business Inventories
  • Feb 16: Jobless Claims, Housing Starts

Options News Rundown: February 14, 2017

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

Options news you can use for Tuesday, February 14, 2017.


Volatility Views 242: The Godfather of VXX

Volatility Viewpoint: Today we have special guest: Greg King, REX ETFs CEO/Founder, "The Godfather of VXX." He discusses: The process for launching VXX How did it come about? The process for launching XIV Why make the switch into a short volatility...
Posted February 13th, 2017

Volatility Viewpoint: Today we have special guest: Greg King, REX ETFs CEO/Founder, "The Godfather of VXX."

He discusses:

  • The process for launching VXX
  • How did it come about?
  • The process for launching XIV
  • Why make the switch into a short volatility product?
  • What is REX ETF?
  • How do the new products work?

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

  • VIX Cash - under 11
  • VVIX - 85.84
  • VIX Futures: Front month premium to cash: 1.1. Two month premium to cash: 2.80.

Russell's Weekly Rundown:

  • VIX Options: ADV - 559k. Mon - 350k, Tues - 519k, Weds - 886k, Thurs - 691k. Total 9.18m (6.82m Calls, 2.36m Puts).
  • VIX Call/Put: 2.8/1
  • CBOE Skew Index - 129, down 4.82 (3.6%)
  • OIV/OVX - 29.50
  • GVZ - 15
  • TYVIX - 5.40

Crystal Ball: Wild and reckless prognostication.

Last week:

  • Mark L. - 10.50!
  • Mark S. - 10.92
  • Russell - 12.01
  • GUEST - 11.34

This week:

  • Mark L. - 10.45
  • Mark S - 10.85
  • Russell - 11.75

This Week in Futures Options 40: Is WTI Paying the Rent?

We have a very special guest this week, Dan Passarelli, the Founder of Market Taker Mentoring. Topics this week include: Brent/WTI Spread Vol Skew Gold Futures Options Feedback: Quizzes and questions and comments TWIFO Pop Quiz: What is your go-to...
Posted February 13th, 2017

We have a very special guest this week, Dan Passarelli, the Founder of Market Taker Mentoring.

Topics this week include:

  • Brent/WTI Spread
  • Vol Skew
  • Gold

Futures Options Feedback: Quizzes and questions and comments

TWIFO Pop Quiz: What is your go-to Futures Options strategy? Did yours not make the cut? Reply/DM with it and we'll read the best on TWIFO

  • Long Call/Vertical
  • Long Put/Vertical
  • Covered Call/Short Put
  • IronCndr/Fly or Butterfly

Listener questions:

  • Question from 65Chevy - This is for TWIFO. Great show. Quick question - Are covered calls as popular in futures options as they are in equity options? Do they have the same performance characteristics?
  • Question from George - Like the OI heat maps. Your stuff is slowly bringing me over to the dark side. I'm looking at brokers now but I'm not clear on FO margin. Is it the same span or portfolio margin like regular options or something different? And when are you going to hit on hogs again?
  • Question from Vegan - During the election we saw the post-election markets crash during the event and then shoot up the next day. When rare events happen odds are the market will have a hard time going down again in the near future. How can you trade options with that in mind?

Options News Rundown: Monday, February 13, 2017

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

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


Options Insider Radio Interviews: Talking ChiX Acquisition, Dash-Liquidpoint Merger and Options Education with Tony Saliba

Today, Mark is joined by Tony Saliba, Managing Director of Saliba Venture Management. He discusses: His forthcoming book, Managing Expectations: Driving Profitable Option Trading Outcomes through Knowledge, Discipline, and Risk Management How did...
Posted February 10th, 2017

Today, Mark is joined by Tony Saliba, Managing Director of Saliba Venture Management.

He discusses:


Option Block 594: Sports Retail Is Sexy. Who Knew?

Trading Block: Oil prices prop up Wall Street; NASDAQ hits record high. MIAX launches 15th options exchange with MIAX-Pearl. Earnings Today: Before the bell: Coca-Cola, Dunkin Brands Group, Twitter, Viacom After the bell: Activision, Nvidia, Zinga ...
Posted February 10th, 2017

Trading Block: Oil prices prop up Wall Street; NASDAQ hits record high. MIAX launches 15th options exchange with MIAX-Pearl.

Earnings Today:

  • Before the bell: Coca-Cola, Dunkin Brands Group, Twitter, Viacom
  • After the bell: Activision, Nvidia, Zinga

DIS (earnings on Tuesday): Close: $109 - ATM straddle: $3.50, approx. 3.2%; Open: $109.52 - traded as high as $11.42, up 2.2%

Other earnings earlier this week:

  • Tuesday: General Motors, Walt Disney Company, Take Two Interactive
  • Wednesday: GrubHub, Time Warner

Odd Block: Calls trade in Foot Locker Group (FL), calls trade in Chesapeake Energy Co (CHK) and calls trade in Dicks Sporting Goods Inc (DKS)

Strategy Block: Uncle Mike Tosaw discusses his recent trades in Chevron.

Mail Block: Options #QuestionOfTheWeek - With so many different #Options expiration cycles available (weekly, etc) - which duration do you prefer?

  • Longer than 1 month
  • Monthly
  • Weekly
  • Daily/Intra-day

Listener Questions

  • Question from EdwardUhs - Hey guys, what do you think about CMG? (from Mixlr chat on Monday 2/6)

Around The Block/This Week in the Market:

  • Quarterly earnings continue to roll in as expected economic reports are very slow up until Friday.
  • Feb 9: Jobless Claims
  • Feb 10: Import and Export Prices, Consumer Sentiment, Treasury Budget

Options News Rundown: February 10, 2017

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

Options news you can use for Friday, February 10, 2017.


Options Playbook Radio 145: TSLA Calendar Spread

Today we are looking at calendar spreads. You can find this on pages 90 (calls) and 93 (puts) in The Options Playbook, on OptionsPlaybook.com, or in the Amazon Kindle version. Brian reviews: Review of last week's AMZN iron condor Long calendar...
Posted February 9th, 2017

Today we are looking at calendar spreads. You can find this on pages 90 (calls) and 93 (puts) in The Options Playbook, on OptionsPlaybook.com, or in the Amazon Kindle version.

Brian reviews:

  • Review of last week's AMZN iron condor
  • Long calendar spreads = net long volatility
  • That doesn't mean that you want a volatile market
  • When might this happen? Earnings!
  • Setting up the trade
  • Picking expirations
  • Picking strikes
  • What is the risk? Reward?

Options News Rundown: February 9, 2017

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

Options news you can use for Thursday, February 9, 2017.


Options News Rundown: February 8, 2017

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

Options news you can use for Wednesday, February 8, 2017.


IRAs and Retirement Planning: The Business Show Episode 12

Mark, Matt & Dylan hit ya with the Mark-et Beat, talk IRAs, and hold a confirmation hearing for Mark for Secretary of the Treasury. Stay tuned after the show for a special surprise from Mark.
Posted February 7th, 2017

Mark, Matt & Dylan hit ya with the Mark-et Beat, talk IRAs, and hold a confirmation hearing for Mark for Secretary of the Treasury. Stay tuned after the show for a special surprise from Mark.


Option Block 593: Can You Trade Options On The Superbowl

Trading Block: Earnings Today Before the bell - Hasbro After the bell - CBOE Holdings, Twenty-First Century Fox But there is more than just earnings. OCC announces Total Cleared Contract Volume was down 9% in January. The Snapchat IPO looms ahead....
Posted February 7th, 2017

Trading Block: Earnings Today

  • Before the bell - Hasbro
  • After the bell - CBOE Holdings, Twenty-First Century Fox

But there is more than just earnings. OCC announces Total Cleared Contract Volume was down 9% in January. The Snapchat IPO looms ahead.

Odd Block: Calls trade in S&P 500 VIX Short Term (VXX), puts trade in T-Mobile Inc (TMUS), alls trade in TrueCar Inc (TRUE).

Mail Block: Options #QuestionOfTheWeek

Time for another Earnings #StraddleBattle : Which stock will outperform its straddle by the largest margin?

  • 35% - Apple (AAPL) (ACTUAL WINNER)
  • 13% - Facebook (FB)
  • 39% - Amazon (AMZN)
  • 13% - Chipotle (CMG)

Options #QuestionOfTheWeek - With so many different #Options expiration cycles available (weekly, etc) - which duration do you prefer?

  • Longer than 1 month
  • Monthly
  • Weekly
  • Daily/Intra-day

Listener question:

  • Question from In-to-it - Why can I not trade options on the Super Bowl?

Around the Block: Earnings!

  • Tuesday: General Motors, Walt Disney Company, Take Two Interactive
  • Wednesday: GrubHub, Time Warner
  • Thursday: Twitter, Coca-Cola, Dunkin Brands Group, Activision, Nvidia, Zinga

This Week in the Market:

  • Feb 7: International Trade
  • Feb 9: Jobless Claims
  • Feb 10: Import and Export Prices, Consumer Sentiment
  • Feb 10: Treasury Budget

Options News Rundown: February 7, 2017

Options news you can use for February 7, 2017.
Posted February 7th, 2017

Options news you can use for February 7, 2017.


This Week in Futures Options 39: Thank Trump for the WTI-Brent Spread

Topics this week include: WTI/Brent spread Gold Futures Options Feedback: Listener questions and comments Question from JVIL: Can we get an update on corn? Question from Alan Mayne: What's it going to take to bump WTI volatility back into the 2016...
Posted February 6th, 2017

Topics this week include:

  • WTI/Brent spread
  • Gold

Futures Options Feedback: Listener questions and comments

  • Question from JVIL: Can we get an update on corn?
  • Question from Alan Mayne: What's it going to take to bump WTI volatility back into the 2016 range?
  • Question from TLOCA4: How do I find the quickskew setting on quikstrike? I checked www.cmegroup.com/twio and I can't find it. Am I on the right page?

Volatility Views 241: VIX: The Shining Beacon of Efficiency

Volatility Viewpoint Featuring Mike Menslage of VolSurface Capital Management. He discusses: What is VolSurface Capital Management? What is their typical strategy and product? What is their take on the new volatility and political regime? Are we...
Posted February 6th, 2017

Volatility Viewpoint Featuring Mike Menslage of VolSurface Capital Management.

He discusses:

  • What is VolSurface Capital Management?
  • What is their typical strategy and product?
  • What is their take on the new volatility and political regime? Are we destined for a prolonged period of low volatility?
  • VIX long-term mean of 20?
  • Why is the 30 strike so popular?

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

  • VIX Cash: 11.25
  • VVIX: 88, off its recent highs.
  • VIX Futures: Front month premium to cash: 1.26; Two months premium to cash: 2.6

Russells Weekly Rundown:

  • VIX Options: Thurs - 327k, Weds - 546k, Tues - 442k, Mon - 745k
  • VIX Call/Put: 2.5/1: Total 7.93m (5.88m Calls, 2.05m Puts)
  • OIV/OVX - 29.50
  • GVZ - 15
  • TYVIX - 5.40

Crystal Ball: Wild and reckless prognostication

Last week:

  • Mark L. - 11.50
  • Mark S. - 11.05
  • Russell - 12.99
  • Bill Luby - 11.78

This week:

  • Mark L. - 10.50
  • Mark S. - 10.92
  • Russell - 12.01

Options News Rundown: February 6, 2017

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

Options news you can use for Monday, February 6


Option Block 592: The Apple of Yesteryear

Trading Block: Earnings edition AAPL: Closed: $121.35, ATM Straddle: $4.25 approx. 3.5%. Opened: $127.09 - up 4.7%, traded as high as $130.49 - up 7.5%. iPhone 7 sales blew away estimates. Apple still sitting on over a quarter of a trillion in cash -...
Posted February 3rd, 2017

Trading Block: Earnings edition

  • AAPL: Closed: $121.35, ATM Straddle: $4.25 approx. 3.5%. Opened: $127.09 - up 4.7%, traded as high as $130.49 - up 7.5%. iPhone 7 sales blew away estimates. Apple still sitting on over a quarter of a trillion in cash - excluding debt.
  • FB: Closed: $133.23, ATM Straddle: $6.70 approx. 5%. traded as high as $135.29 - up 1.5%, today down to $130.70, approx. 2%

After the bell: Amazon, Chipotle, Visa, GoPro

  • AMZN: $839.75, ATM Straddle: $41.50 - approx. 5%
  • CMG: $424.1, ATM Straddle: $20.55 - approx. 5%
  • GOPRO: $10.88, ATM Straddle: $1.25 - approx. 11.5%

Odd Block: Calls trade in Alcoa Inc (AA), calls trade in MetLife Inc (MET) and calls trade in Nordstrom, Inc (JWN).

Strategy Block: Uncle Mike Tosaw discusses hedging Apple going into earnings

Mail Block: Options #QuestionOfTheWeek

Time for another Earnings #StraddleBattle : Which stock will outperform its straddle by the largest margin?

  • Apple (AAPL)
  • Facebook (FB)
  • Amazon (AMZN)
  • Chipotle (CMG)

Listener Questions and Comments

  • Question from Geoff - Are straddles really better than analysts estimates for predicting stocks?
  • Question from Bob - Concerning earnings - I have been told to take an ATM call and a put and add them together and that is the expected move. Is that correct?

Around the Block: Numbers on the horizon

  • Feb 3: Unemployment
  • Feb 3: Factory Orders

Options News Rundown: February 3, 2017

Options News Rundown: February 3, 2017
Posted February 3rd, 2017

Options News Rundown: February 3, 2017


Options Playbook Radio 144: Iron Condor into AMZN Earnings

Today we are looking at iron condors. You can find this in The Options Playbook, on OptionsPlaybook.com, or in the Amazon Kindle version. Specifically: A review of last week's F call purchase What happened since we put on that trade? Who announced...
Posted February 2nd, 2017

Today we are looking at iron condors. You can find this in The Options Playbook, on OptionsPlaybook.com, or in the Amazon Kindle version.

Specifically:

  • A review of last week's F call purchase
  • What happened since we put on that trade?
  • Who announced earnings this week?
  • What can we do with AMZN?
  • Where is the AMZN straddle trading?
  • What is the over/under on the upside? Downside?
  • Rationale for picking expiration
  • Rationale for picking strikes
  • What is the maximum risk? Reward?

Do you have questions that you would like answered on the show? Send them to Brian at [email protected]


Options News Rundown: February 2, 2017

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

Options news you can use for Thursday, February 2, 2017.


Options News Rundown: February 1, 2017

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

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


Advisors Option 51: Trump, ETFs, Covered Calls and More

Today, Mark is joined by co-hosts Chris Hausman and Aash Vyas from Swan Global Investments and Russell Rhoads from the CBOE Options Institute. The Buzz: The Dawn of a New Regime - how will it impact the markets? An overview of the STAC Regulatory...
Posted January 31st, 2017

Today, Mark is joined by co-hosts Chris Hausman and Aash Vyas from Swan Global Investments and Russell Rhoads from the CBOE Options Institute.

The Buzz: The Dawn of a New Regime - how will it impact the markets? An overview of the STAC Regulatory Reform Session: the Choice Act, the Volcker Rule, migration of OTC derivates and DOL fiduciary rule.

A breakdown of Inside ETFs Conference:

  • What is it?
  • Who goes to it?
  • What interesting developments/research came out of it?

A preview of the CBOE RMC Conference:

  • What is it?
  • Who attends it?
  • Learn the latest risk management tools and tactics from top traders and strategists.

A new paper from Swan Global Investments: What Return Are You Targeting? Setting Expectations and Benchmarking in a Myopic World

Next Swan Conference:

Office Hours: Options #PopQuiz: What are you primarily looking for when buying an options-oriented fund?

  • Levered Returns (2x, etc)
  • Income Generation
  • Hedge/Protection
  • Other (reply/dm w/answer)

Listener Questions: What's on your mind?

  • Question from Tim Avery - If I choose an advisor that uses options do they traditionally charge higher fees than straight-up equity advisors?
  • Question from Aisling Davis - Seems as though correlation is trending upward across asset classes. Do you find that this is a more favorable environment to trade options vs other assets? What are your clients saying about this?
  • Question from Angelo Miles - Hello. I found your program while searching for options informations for RIAs. Let me just say it was a refreshing breath of fresh air after the dense material available on other outlets and broker sites. It seems that most of them (see here) just say options are risky and link to something called the Characteristics and Risks of Standardized Options. What is this omnipresent booklet and why should I care? I tried looking at it a few times and it just put me to sleep.
  • Question from Adam - Could you please explain what it means to "gamma scalp" and why this is not called delta scalping? Thanks and your show has saved me a lot of money now that I have come to the dark side!
  • Question from Yukoner - Are covered calls still a viable strategy in a 401k these days?

Option Block 591: Apple Earnings Preview, Strange VIX Spike

Trading Block: Earnings today include Apple, Under Armour. Odd Bock: Call writer in Coach Inc. (COH), call spreads trade in Constellation Brands, Inc. (STZ) and calls trade in Pfizer Inc. (PFE) Mail Block: Questions, comments, and more. Options...
Posted January 31st, 2017

Trading Block: Earnings today include Apple, Under Armour.

Odd Bock: Call writer in Coach Inc. (COH), call spreads trade in Constellation Brands, Inc. (STZ) and calls trade in Pfizer Inc. (PFE)

Mail Block: Questions, comments, and more.

  • Options #QuestionOfTheWeek - Time for another earnings straddle battle. Which company will outperform their earnings straddle by the largest margin?
  • Apple - $AAPL
  • Facebook - $FB
  • Amazon - $AMZN
  • Chipotle - $CMG

Listner questions:

  • Question from Michael Gavriel - Hey guys, I appreciate all the programming. As far as I can tell, the Option Block podcasts sort of arrive a day late. Maybe its my podcast client? I have not looked into it. What I mean is - for example, the recent Option Block show - Option Block 572, it seems like that is a recap of Thursdays action. But when is it published? I sort of 'need' it to be published on Thursday night i.e. the 10th, or very early in the morning, I guess, on the 11th, if I am going to sort of use it to keep me abreast of action ahead of the trading day? Just curious if this is just how your guys schedules work, maybe you record the next morning, and release mid day, in which case I am a bit out of luck in terms of it being a super timely source. But if it is something I am doing wrong on my end, please do let me know! Thanks.
  • Question from Tom - What does this article mean?
  • Question from Koukas - Researchers say we were in the most narrow equity range since 1933 just before the elction. What's the best way to trade that? Sell out a far out straddle?

Around the Block: Earnings! AAPL, XOM, CMG, AMZN. Trump Twitter watch. Confirmations.


Options News Rundown: January 31, 2017

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

Options news you can use for Tuesday, January 31, 2017.


This Week in Futures Options 38: Short-Term Options Palooza- Crude, Gold, Indexes and More

Topics this week include: WTI/Brent spread QuikSkew Gold Futures Options Feedback: Listener questions and comments Question from Sellopod - Why do you not promote or discuss the liquidity and cost-effectiveness for the end user of the big S&P...
Posted January 30th, 2017

Topics this week include:

  • WTI/Brent spread
  • QuikSkew
  • Gold

Futures Options Feedback: Listener questions and comments

  • Question from Sellopod - Why do you not promote or discuss the liquidity and cost-effectiveness for the end user of the big S&P option pit?
  • Question from Angelo - I day-trade futures. What are your thoughts on trading options intraday?

OICs Wide World of Options 34: Panel - Rolling With the Markets

WWoO Show 34: Panel - Rolling With the Markets This rebroadcast of OICss webinar panel discusses different approaches to adjusting your options position when markets move in your favor or against you.
Posted January 30th, 2017

WWoO Show 34: Panel - Rolling With the Markets

This rebroadcast of OICss webinar panel discusses different approaches to adjusting your options position when markets move in your favor or against you.


Volatility Views 240: VIX Put Love and Earnings Volatility Debacle

Volatility Review: A look back at the week from a volatility perspective VIX Cash: 10.63 VVIX: 80, off recent highs. VIX Futures: Front month premium to cash: 2.1, two month premium to cash: 3.5 Russell's Weekly Rundown: VIX Options: ADV - 580k;...
Posted January 30th, 2017

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

  • VIX Cash: 10.63
  • VVIX: 80, off recent highs.
  • VIX Futures: Front month premium to cash: 2.1, two month premium to cash: 3.5

Russell's Weekly Rundown:

  • VIX Options: ADV - 580k; Thurs - 638k, Weds - 613k, Tues - 863k, Mon - 427k; VIX Call/Put: 2.5/1
  • Earnings season dramatically underwhelming so far.
  • Google, MSFT, INTC, PayPal, SBUX
  • OIV/OVX - 29.50
  • GVZ - 14.74
  • TYVIX - 5.65

Volatility Voicemail: Question of the week, plus listeners have their say

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
  • Question from VolBug - Hi Mark, Can you and the crew give you assessment of SVXY and whether you think it tracks well and what are some of the vulnerabilities? Thank you sir.

Crystal Ball: Your prognostication headquarters

Last week:

  • Mark L. - 11.55
  • Mark S./Andrew - 12.01
  • Russell - 12.34

This week:

  • Mark L. - 11.50
  • Mark S. - 11.05
  • Russell - 12.99
  • Bill Luby - 11.78

Options News Rundown: January 30, 2017

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

Options news you can use for Monday, January 30, 2017


Trading Tech Talk 59: Finding New Market Wizards with FundSeeder

CTO Interview with Jack Schwager: Author extraordinaire and now co-founder of Fund Seeder. Mr. Schwager is the author of Market Wizards, Hedge Fund Market Wizards, A Complete Guide to the Futures Markets: Fundamental Analysis, Trading Spreads and...
Posted January 27th, 2017

CTO Interview with Jack Schwager: Author extraordinaire and now co-founder of Fund Seeder. Mr. Schwager is the author of Market Wizards, Hedge Fund Market Wizards, A Complete Guide to the Futures Markets: Fundamental Analysis, Trading Spreads and Options (and the second edition just hit store shelves!)

He discusses:

  • Was he surprised by the reaction to Market Wizards?
  • How did that book come about?
  • His new project in the trading tech space: FundSeder
  • What is FundSeeder?
  • How does the funding process work?
  • Do traders have to reveal their secret sauce in order to receive funding?

Hot Topics in Tech: What is on our radar from a tech perspective?

  • Tech firm creates Trump monitor for stock markets. A London-based Fintech firm Trading.co.uk is launching an app that will generate trading alerts for shares based on comments made on social media by Donald Trump.
  • Launching an open-outcry trading floor? How very 21st century.Box Options Exchange is building the first new trading floor in Chicago in decades - Boyle expects to attract traders who prefer open outcry for big orders and keep them with a more efficient 21st-century floor model.

Option Block 590: Earnings Straddle Battle - GOOGL, MSFT, SBUX and More

Trading Block: Earnings! Before the bell: Southwest, Caterpillar After the bell: Alphabet, PayPal, E-Trade, Microsoft, Intel GOOGL - $852.70. ATM Straddle: $34, approx. 4% MSFT - $64.05. ATM Straddle: $2.75, approx. 4.3% INTC - $37.6. ATM Straddle:...
Posted January 27th, 2017

Trading Block: Earnings!

  • Before the bell: Southwest, Caterpillar
  • After the bell: Alphabet, PayPal, E-Trade, Microsoft, Intel
  • GOOGL - $852.70. ATM Straddle: $34, approx. 4%
  • MSFT - $64.05. ATM Straddle: $2.75, approx. 4.3%
  • INTC - $37.6. ATM Straddle: $1.25, approx. 3.3%
  • PAYPAL - $41.52. ATM Straddle: $2.12, approx. 5%
  • SBUX - $58.51. ATM Straddle: $2.20, approx. 3.7%

Odd Block: Calls trade in Kate Spade Co. (KATE), calls trade in Technology SPDR (XLK) and puts trade in JPMorgan Alerian MLP index (AMJ)

Strategy Block: Uncle Mike Tosaw discusses dollar-cost averaging

Mail Block: Questions, comments, polls, and more.

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:

  • Question from Tim Avery - If I choose an advisor that uses options do they traditionally charge higher fees than straight-up equity advisors?
  • Question from Kddidy - I managed to buy 100 NAK Feb 3.00 Puts at .25 when the stock was trading at $3.30. Do you have any idea how this could happen? I am not sure if I should feel lucky or stupid.
  • Question from Yukoner - Are covered calls still a viable strategy in a 401k these days?

Around the Block/This Week in the Market:

  • Jan 26: Jobless Claims, International Trade, New Home Sales
  • Jan 27: Durable Goods, GDP, Consumer Sentiment

Options News Rundown: January 27, 2017

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

Options news you can use for Friday, January 27, 2017.


Options Playbook Radio 143: Ford Back Spreads with Puts

Today we are looking at back spreads with puts. You can find this in the back spreads section of The Options Playbook, on OptionsPlaybook.com, or in the Amazon Kindle version. Brian covers: A review of last week What happened since? What to do now?...
Posted January 26th, 2017

Today we are looking at back spreads with puts. You can find this in the back spreads section of The Options Playbook, on OptionsPlaybook.com, or in the Amazon Kindle version.

Brian covers:

  • A review of last week
  • What happened since?
  • What to do now?
  • What is the risk? Reward?
  • What to do now with earnings season?
  • Let's look at Ford (F)
  • How to avoid the crush of volatility
  • Take a look at time value
  • Where is the market right now?
  • What is the upside? Downside?
  • What do we want to happen?

Options News Rundown: January 26, 2017

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

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


Options Insider Radio Special Events: How Pending Dodd-Frank Changes Will Impact Derivatives Trading

The Security Traders Association of Chicago (STAC) held their winter conference earlier this month. One of the hot topics of discussion was the pending changes to the Dodd-Frank Act of 2010. Mark Longo, Founder and CEO of the Options Insider led a...
Posted January 25th, 2017

The Security Traders Association of Chicago (STAC) held their winter conference earlier this month. One of the hot topics of discussion was the pending changes to the Dodd-Frank Act of 2010.

Mark Longo, Founder and CEO of the Options Insider led a panel to discuss, which included

  • Paul Jiganti, Managing Director, IMC Financial Markets
  • Pat Hickey, Head of Market Structure at Optiver
  • Joe Corcoran, First Vice President and Head of Government Relations, The Options Clearing Corporation
  • John Hague, Partner at RSM US LLP

Options News Rundown: January 25, 2017

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

Options news you can use for Wednesday, January 25, 2017.


Option Block 589: Jedi vs. Sith. vs Earnings Season

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%;...
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 News Rundown: January 24, 2017

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

Options news you can use for Tuesday, January 24, 2017.


Options Insider Radio Interviews: Talking Broker Buyouts, Options Books and Earnings Straddles with TD Ameritrade

In this episode, Mark is joined by JJ Kinahan, Chief Market Strategist at TD Ameritrade. They discuss: The forthcoming Scottrade merger Was the options business a key driver in the merger? What is the timeline for the deal? What are the new things on...
Posted January 24th, 2017

In this episode, Mark is joined by JJ Kinahan, Chief Market Strategist at TD Ameritrade. They discuss:

  • The forthcoming Scottrade merger
  • Was the options business a key driver in the merger?
  • What is the timeline for the deal?
  • What are the new things on the docket for TD Ameritrade?
  • Social analysis and trading opportunities
  • Adding futures options to the platform
  • JJ's book, Essential Options Strategies
  • JJ takes on the question of the week

Volatility Views 239: Trump vs VIX

Volatility Review: A look back at the week from a volatility perspective VIX Cash - 13 VVIX - 86 VIX Futures: Front month premium to cash - 1.5; Two month premium to cash - 2.70 Russells Weekly Rundown: VIX Options: A heavy volume week. ADV 554k,...
Posted January 23rd, 2017

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

  • VIX Cash - 13
  • VVIX - 86
  • VIX Futures: Front month premium to cash - 1.5; Two month premium to cash - 2.70

Russells Weekly Rundown:

  • VIX Options: A heavy volume week. ADV 554k, Thurs - 405k, Weds - 850k, Tues - approx. 1M, Mon - Closed. VIX Call/Put: 2.9/1. Total 5.4M (4M Calls, 1.4M Puts)
  • OIV/OVX - 30.88
  • GVZ - 15.17 - Near the low end of a 52-week range.
  • TYVIX - 5.91

Volatility Voicemail: Listeners get their say

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

  • Dark Side (Short Premium)
  • Light Side (Long Premium)
  • No Side - Avoid earnings
  • Other (Reply/DM w/ideas)
  • Question from Maryanne - How long do you think this period of low volatility will last?

Crystal Ball: Your prognostication headquarters

Last week:

  • Mark L. - 12.25
  • Mark S. - 11.50
  • Guest - 14.51
  • This week:
  • Mark L. - 11.55
  • Andrew - 12.01
  • Russell - 12.34

This Week in Futures Options 37: Trump vs Oil Traders

Today, Nick and Mark are joined by Blu Putnam Chief Economist of CME Group. Topics this week include: The election, inauguration WTI/Brent spread QuikStrike Future Options Feedback: Listener questions and comments Question from Jeff Myers: What is...
Posted January 23rd, 2017

Today, Nick and Mark are joined by Blu Putnam Chief Economist of CME Group.

Topics this week include:

  • The election, inauguration
  • WTI/Brent spread
  • QuikStrike

Future Options Feedback: Listener questions and comments

  • Question from Jeff Myers: What is the prediction for platinum options?
  • Question from Eddy - Is the trade in crude more cautious right now, or are the bulls all in? Is it an all-in trade?
  • Question from Sean - When it come to currency options, is there a market, like Euro, that trades more smoothly?

Options News Rundown: January 23, 2017

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

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


Option Block 588: Trump Dump, VIX Pop, NFLX Explosion

Trading Block: Stocks tumble ahead of Trump inauguration - Dow off 100. Netflix: Another crazy earnings for NFLX. Close = $133.26, straddle = $12.60 / 9.5%. Spiked to $145 in the after-hours, opened at $142 today. How a one-two, Trump-Yellen punch may...
Posted January 20th, 2017

Trading Block: Stocks tumble ahead of Trump inauguration - Dow off 100. Netflix: Another crazy earnings for NFLX. Close = $133.26, straddle = $12.60 / 9.5%. Spiked to $145 in the after-hours, opened at $142 today. How a one-two, Trump-Yellen punch may move interest rates.

Strategy Block: Uncle Mike Tosaw discusses the importance of event risk

Odd Block: Puts trade in 3D Systems Corp (DDD); Calls trade in Avon Products, Inc (AVP); Calls trade in Union Pacific Corp (UNP)

Mail Block/Options QuestionOfTheWeek:

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

  • Dark Side (Short Premium)
  • Light Side (Long Premium)
  • No Side - Avoid earnings
  • Other (Reply/DM w/ideas)

Listener questions and comments:

  • Comment from Scott Francis - Generally most short with puts unless stock has been hammered then you get short squeeze
  • Question from Piggyback - Learned about Lightspeed from the last show. Checked out their site and saw $.60 per contract but didn't see a ticket charge. Do they have one? Answer from Kevin:No ticket charge on options. We will tier commissions based on activity, at the lowest activity level we will charge $0.60/contract with $1.00 min. (So a 5 lot is $3.00, a 1 lot will be $1.00.) We can go down to $0.20/contact for active accounts, tiering schedule is on our website. Mention Option Insider when you call Lightspeed we will give them another nickel off the commission.
  • Question from Ski -As for the repealing and recall of Obamacare. How do you price LEAPs on spider biotech? Someone bought 340 Jan 2018 55 Puts on XBI. Is this a bet on the repel of Obamacare? If so, are LEAP puts a good way to go?
  • Question from Sean - If a trader thought that a price was going down, would a put not have been the best trade in the asian session?

Around the Block:

This Week in the Market -Jan 19: Jobless Claims, Housing Starts

Earnings This Week

  • Thursday - Union Pacific - Thursday am; IBM - Thursday pm
  • riday General Electric, Procter & Gamble Co.


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.

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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.

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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