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 615: AMZN, GOOGL, SBUX Earnings, Plus Epic Strategy Block

Trading Block with very special guest co-host: Henry Schwartz, Trade Alert Earnings today after the bell: Alphabet/GOOGL - $889, ATM Straddle - $29, approx. 3.2% Amazon - $921.50, ATM Straddle - $37.50, approx. 4% Intel - $37.25, ATM Straddle -...
Posted April 28th, 2017

Trading Block with very special guest co-host: Henry Schwartz, Trade Alert

Earnings today after the bell:

  • Alphabet/GOOGL - $889, ATM Straddle - $29, approx. 3.2%
  • Amazon - $921.50, ATM Straddle - $37.50, approx. 4%
  • Intel - $37.25, ATM Straddle - $1.20, approx. 3.2%
  • Starbucks - $61.75, ATM Straddle - $2.40, approx. 4%

Odd Block: Calls trade in Applied Optoelectronics Inc. (AAOI), calls trade in Nabors Industries Ltd (NBR), and calls trade in Yandex NV (YNDX)

Strategy Block: Uncle Mike Tosaw discusses the six factors of option pricing.

Around the Block/Question of the Week:

Earnings Season is upon us. Big names are reporting soon. Which is your pick for the largest % move post-earnings?

  • $AMZN, 36%
  • $GOOGL, 26%
  • $CMG, 30%
  • $MSFT, 8%

Earnings this week: 3M, ATT, Chipotle, JetBlue, Xerox, Boeing, PepsiCo, Nasdaq, Google, Amazon, Ford, Intel, Southwest, Starbucks, Exxon, General Motors.


Options News Rundown: April 28, 2017

Options news you can use for Friday, April 28, 2017
Posted April 28th, 2017

Options news you can use for Friday, April 28, 2017


Options News Rundown: April 27, 2017

Options news you can use for Thursday, April 27, 2017.
Posted April 27th, 2017

Options news you can use for Thursday, April 27, 2017.


Options Playbook Radio 156: AAPL Inverse Skip-Strike Butterfly

It's earnings season again. As such, we're looking at an inverse skip-strike butterfly to capture some earnings move. You can find skip-strike butterflies with calls on page 108, and inverse skip-strike butterflies with calls on page 112 of The...
Posted April 27th, 2017

It's earnings season again. As such, we're looking at an inverse skip-strike butterfly to capture some earnings move. You can find skip-strike butterflies with calls on page 108, and inverse skip-strike butterflies with calls on page 112 of The Options Playbook, on OptionsPlaybook.com, or on the Amazon Kindle edition.

In this episode, Brian covers:

  • A review of last week's AMZN butterfly
  • Lesson to learn: Time makes the trade cheaper
  • Determining strike prices
  • Making sure you do not get blown out
  • Looking at the implied volatility
  • How to use time premium
  • What is the net credit?
  • What is the maximum risk?

Options Insider Radio Interviews: The BrokerMadness Champion Reigns Supreme

In this episode, Mark is joined by Kevin Ott, Co-President of Lightspeed Trading. They discuss: Lightspeed winning the Options Insider Broker Madness trophy Their road to victory Will exchanges be next? We only need one more! What is new at...
Posted April 26th, 2017

In this episode, Mark is joined by Kevin Ott, Co-President of Lightspeed Trading.

They discuss:

  • Lightspeed winning the Options Insider Broker Madness trophy
  • Their road to victory
  • Will exchanges be next? We only need one more!
  • What is new at Lightspeed?
  • Who is their target audience?
  • How are they finding new clients?
  • The need for options education

Options News Rundown: April 26, 2017

Options news you can use for Wednesday, April 26, 2017.
Posted April 26th, 2017

Options news you can use for Wednesday, April 26, 2017.


Option Block 614: Unleash the Liberator Puts

Trading Block: Earnings today Alcoa: $33, ATM Straddle $2 - approx. 6% Chipotle: ATM Straddle $25.25, approx. 5.4% VIX 'fear' gauge plummets as French election results spark global relief rally. Odd Block: Calls and puts trade in GGP Inc. (GGP),...
Posted April 25th, 2017

Trading Block: Earnings today

  • Alcoa: $33, ATM Straddle $2 - approx. 6%
  • Chipotle: ATM Straddle $25.25, approx. 5.4%
  • VIX 'fear' gauge plummets as French election results spark global relief rally.

Odd Block: Calls and puts trade in GGP Inc. (GGP), puts trade in Excelon Corp. (EXC) and calls trade in MGM Resorts Intl. (MGM).

Mail Block: QuestionoftheWeek:

Earnings Season is upon us. Big names are reporting soon. Which is your pick for the largest % move post-earnings?

  • $AMZN
  • $GOOGL
  • $CMG
  • $MSFT

Listner questions and comments:

  • Follow-up comments from GameDay Dog:

You nailed it. I was assigned on 2 of the options. I knew that, but the (-) in my margin account was "alarming". My main thought was losing more than my spread safety net. The math did not make sense immediately. Glad to ask a ? that made others ask ?s..

My bad. just heard episode 608. Yeah, I got assigned 2 of 3 my put spread.. Way too early! I will get into better detail next time. Episode 608 had an excellent answer. That big negative number was stupid scary! I closed all the positions & sold the stock.. the 1 short put & 3 long puts made it a back ratio spread when I closed it. it's funny now! PS - thanks for managing to get my questions on air. Once I closed the positions, I was able to sleep that night!!! Feels like I lost more than $300 though. By getting assigned the shares, it felt like I had more at risk and loss was influenced by the price of the underlying instead of the option, if that makes sense. Seeing the large margin number was not pleasant.. My credit spread had a 30% chance of being ITM when I sold it too! Hahaha..

  • Question from Lesnod - How do you get out of the straddles? One side of a straddle is always a loss correct?

Around the Block/This Week in the Market

  • Apr 25: New Home Sales, Consumer Confidence
  • Apr 27: Jobless Claims, International Trade, Pending Home Sales
  • Apr 28: GDP, Consumer Sentiment


Options News Rundown: April 25, 2017

Options news you can use for Tuesday, April 25, 2017.
Posted April 25th, 2017

Options news you can use for Tuesday, April 25, 2017.


Volatility Views 251: VIX Feedback Loops and the Great Erosion Debate

Volatility Review: A look back at the week from a volatility perspective. VIX Cash: 14.15 VVIX: 94.53 CBOE Skew Index: 146.85 +6.65 (+4.74%), getting rich again. Russell's Weekly Rundown: VIX Options: Mon - 616k, Tues - 1.4M, Weds - 1.6M, Thurs -...
Posted April 24th, 2017

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

  • VIX Cash: 14.15
  • VVIX: 94.53
  • CBOE Skew Index: 146.85 +6.65 (+4.74%), getting rich again.

Russell's Weekly Rundown:

  • VIX Options: Mon - 616k, Tues - 1.4M, Weds - 1.6M, Thurs - 752k, ADV - 712k
  • VIX Call/Put: 3/1: Total 7.27m (5.45m Calls, 1.82m Puts)
  • OIV/OVX - 28.26

Volatility Voicemail: Options #QuestionoftheWeek

Earnings are back with some juicy straddles reporting this week. Which is your pick for the most overpriced?

  • $NFLX: ATM Straddle 8%
  • $BAC: ATM Straddle 3%
  • $EBAY: ATM Straddle 7%
  • $ETFC: ATM Straddle 4%

Listener Questions:

  • Question from Nizy - So I am confused. Per your VIX Myth-busting episode - what is the deal with with the VXX erosion? It is not due to the roll or it is? If so then how does it erode when VIX futures are backward?
  • Question from Avil3 - UGetting my dad to the dark side. He is thinking about dipping his toes in the Vol waters. What product do you recommend for a Vol newcomer making his first trade? Thx and I will try to get him to listen.

Crystal Ball: Wild prognosticating

This week:

  • Mark L. - 12.75
  • Mark S. - 16
  • Russell - 13.25

This Week in Futures Options 49: Crude Volatility Strikes Back

Topics this week include: WTI Gold Futures Options Feedback: Listener questions and comments Question from Silvan - Does Quikstrike actually quantify the rent? So you could collect X rent in product Y if you sold it, etc. Also how do I read that...
Posted April 24th, 2017

Topics this week include:

  • WTI
  • Gold

Futures Options Feedback: Listener questions and comments

  • Question from Silvan - Does Quikstrike actually quantify the rent? So you could collect X rent in product Y if you sold it, etc. Also how do I read that quickskew graph? Not sure I'm looking at it correctly.
  • Question from Meravol - Interesting piece in Modern Trader about selling breakeven strangles. Have you seen? What are your thoughts of this technique? Is it me or are there new techniques for selling strangles all the time that always tend to blow out? Are you not better off selling IC or IB due to limited risk?
  • Comment from Tom S. - The barrel of oil question was cute. Maybe worth a show about the actual delivery process?

Options News Rundown: April 24, 2017

Options news you can use for Monday, April 24, 2017
Posted April 24th, 2017

Options news you can use for Monday, April 24, 2017


Option Block 613: The Shiny New PHLX

Trading Block featuring guest co-host Jill Malandrino, Global Markets Reporter NASDAQ. The brand spanking new PHLX trading floor. SPX and the VIX North Korea and Trump meeting Italian PM Odd Block: Call rolls trade in Walmart (WMT), puts trade in...
Posted April 21st, 2017

Trading Block featuring guest co-host Jill Malandrino, Global Markets Reporter NASDAQ.

  • The brand spanking new PHLX trading floor.
  • SPX and the VIX
  • North Korea and Trump meeting Italian PM

Odd Block: Call rolls trade in Walmart (WMT), puts trade in Bank of America (BAC) and ratio call spreads trade in Starbucks (SBUX)

Strategy Block: Uncle Mike Tosaw discusses the importance of gamma.

Around the Block: What are we looking at that might move the markets next week?


Options Insider Radio Interviews: Revenge of the Trading Pits

In this episode, Mark is joined by Kevin Kennedy, Senior Vice President and Head of U.S. Options at Nasdaq. They discuss: Everything old is new again: new PHLX trading floor opens Why update a physical trading floor? Fifteen legs! Smaller footprint,...
Posted April 21st, 2017

In this episode, Mark is joined by Kevin Kennedy, Senior Vice President and Head of U.S. Options at Nasdaq.

They discuss:

  • Everything old is new again: new PHLX trading floor opens
  • Why update a physical trading floor?
  • Fifteen legs!
  • Smaller footprint, larger impact
  • Happy 227th anniversary!
  • What products are available?
  • What has the response been from the industry?
  • Strong marketshare on the PHLX
  • What's next for Nasdaq?
  • Is six exchanges enough for Nasdaq?
  • Education outreach efforts
  • Is there a visitors gallery for the new floor?

Options News Rundown: April 21, 2017

Options news you can use for Friday, April 21, 2017.
Posted April 21st, 2017

Options news you can use for Friday, April 21, 2017.


Options Playbook Radio 155: AMZN Skip-Strike Butterfly

It's earnings season again. As such, we're looking at a skip-strike butterfly to capture some earnings move. You can find skip-strike butterfiles on page 108 of The Options Playbook, on OptionsPlaybook.com, or on the Amazon Kindle edition. In this...
Posted April 20th, 2017

It's earnings season again. As such, we're looking at a skip-strike butterfly to capture some earnings move. You can find skip-strike butterfiles on page 108 of The Options Playbook, on OptionsPlaybook.com, or on the Amazon Kindle edition.

In this episode, Brian covers:

  • A review of last week's UAL butterfly
  • Lesson to learn: Don't try to hit a home run with a butterfly
  • Putting on a skip-strike butterfly with calls
  • Picking the expiration
  • Looking at the implied volatility
  • Picking strikes
  • What is the net credit?
  • What is the maximum risk?

Options News Rundown: April 20, 2017

Options news you can use for Thursday, April 20, 2017.
Posted April 20th, 2017

Options news you can use for Thursday, April 20, 2017.


Options News Rundown: April 19, 2017

Options news you can use for Wednesday, April 19, 2017.
Posted April 19th, 2017

Options news you can use for Wednesday, April 19, 2017.


Option Block 612: NFLX the Widowmaker Wimps Out

Trading Block: VIX preparing for the French election. Earnings today (after the bell): United Airlines - $UAL - 70.37USD, Price increase 1.29 (1.87%), ATM Straddle - $2.50, approx. 3.5% Netflix - $NFLX, 146.56USD Price increase 3.64 (2.55%), ATM...
Posted April 18th, 2017

Trading Block: VIX preparing for the French election.

Earnings today (after the bell):

  • United Airlines - $UAL - 70.37USD, Price increase 1.29 (1.87%), ATM Straddle - $2.50, approx. 3.5%
  • Netflix - $NFLX, 146.56USD Price increase 3.64 (2.55%), ATM Straddle - $12, approx. 8%

Odd Block: Call spread selling in Thor Industries Inc. (THO), call buying in Texas Instruments Inc. (TXN), and put spread buying in SPDR Euro STOXX 50 ETF (FEZ).

Mail Block/Options #QuestionOfTheWeek

With $TSLA threatening $315 how are you leaning in your #Options trades this month? Would you rather:

  • Buy 1-month $300 put
  • Buy 1-month $330 call
  • Sell 1-month $300 put
  • Staying far away from it

Listener questions and comments concerning Game Day Dog question:

  • Question from Elio - Confused. How did that guy end up with only two of his short puts getting assigned to him? If he was short 3 should not all of them have been assigned?
  • Question from AddJack - You answered a question from Gamedaydog on Tuesday?s episode about a put spread gone bad. Is this a reason not to trade spreads if these sort of complications can pop up? Think I would rather stick with stock thank you.
  • Question from Tony Rather - Fun show. Thanks to you and Rock Lobster and Uncle Mike for educating, informing and educating us each week. I have a follow up to the listener mail question from last show in which the listener and Uncle Mike said he was long stock against his put spread. They both said his stock would expire after seven days. But stock does not have an expiration date. Please clarify as I am obviously missing something.

Around the Block: What's on our trading screens for the rest of the week?

Earnings!

  • Bank of America
  • Charles Schwab

This week in the market:

  • Apr 18: Housing Starts, Industrial Production
  • Apr 19: Beige Book
  • Apr 20: Jobless Claims
  • Apr 21: Existing home Sales

Options News Rundown: April 18, 2017

Options news you can use for Tuesday, April 18, 2017.
Posted April 18th, 2017

Options news you can use for Tuesday, April 18, 2017.


Best of Volatility Views: Election Special Part Two: Volatility After Dark

This Best of Volatility Views was recorded on November 8, 2016. The resurgence of Donald Trump in the U.S. election is weighing heavily on markets around the globe. We break down the historic action in VIX, Dow, SPX and more live on this special...
Posted April 17th, 2017

This Best of Volatility Views was recorded on November 8, 2016.

The resurgence of Donald Trump in the U.S. election is weighing heavily on markets around the globe. We break down the historic action in VIX, Dow, SPX and more live on this special late-night episode of Volatility Views.


Best of Volatility Views: Election Special, Part 1

This episode of Volatility Views was recorded and posted on November 8, 2016. You want a Volatility Views looking at election volatility in real time? Well, Mark, Russell and the greasy meatball got together and did just that.
Posted April 17th, 2017

This episode of Volatility Views was recorded and posted on November 8, 2016.

You want a Volatility Views looking at election volatility in real time? Well, Mark, Russell and the greasy meatball got together and did just that.


Best of This Week in Futures Options: Trump vs. Oil Traders

Originally posted on January 23, 2017, this "Best Of" This Week in Futures Options features Blu Putnam Chief Economist of CME Group. Topics in this episode include: The election, inauguration WTI/Brent spread QuikStrike Future Options Feedback:...
Posted April 17th, 2017
Originally posted on January 23, 2017, this "Best Of" This Week in Futures Options features Blu Putnam Chief Economist of CME Group.

Topics in this episode 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: April 17, 2017

Options news you can use for Monday, April 17, 2017
Posted April 17th, 2017

Options news you can use for Monday, April 17, 2017


Option Block 611: More All-Stars than You Can Handle

Trading Block: Today we have very special guest co-hosts: Nick Howard, QuickStirke. Ophir Gottlieb, CMLVIZ.com VIX blowing out the down side MOAB bomb drops Commodity update Uncle Mike's silver collar Odd Block: Puts trade in iShares Barclays 7-10...
Posted April 14th, 2017

Trading Block: Today we have very special guest co-hosts: Nick Howard, QuickStirke. Ophir Gottlieb, CMLVIZ.com

  • VIX blowing out the down side
  • MOAB bomb drops
  • Commodity update
  • Uncle Mike's silver collar

Odd Block: Puts trade in iShares Barclays 7-10 year bond ETF (IEF), puts trade in Hanesbrands Inc (HBI), calls trade in Whiting Petroleum Corp (WLL).

Strategy Block: Uncle Mike Tosaw discusses trading over a long weekend.

Mail Block/Options #QuestionOfTheWeek

With $TSLA threatening $315 how are you leaning in your #Options trades this month? Would you rather:

  • Buy 1-month $300 put
  • Buy 1-month $330 call
  • Sell 1-month $300 put
  • Staying far away from it

Listener Question:

Question from AndersonInvesting - New to options. I use TD Ameritrade but currently I do not like it for options. I was looking at Charles Schwab. Any recommendations for an options newbie? Also looking at AMD puts to protect gains (averaged in at 13.23. Earnings date has been announced for May 1st.) Any suggestions there?

Around the Block/This Week in the Market:

  • April 14: Consumer Price Index, Retail Sales, Consumer Sentiment

Options News Rundown: April 13, 2017

Options news you can use for Thursday, April 13, 2017.
Posted April 13th, 2017

Options news you can use for Thursday, April 13, 2017.


Options Playbook Radio 154: UAL Butterfly with Calls

For the last few episodes, we explored backspreads in SNAP. This week we shift gears to another name that is higly volatile right now, United Air Lines. Let's explore a long butterfly spread with UAL calls. In this episode: A review of the SNAP...
Posted April 13th, 2017

For the last few episodes, we explored backspreads in SNAP. This week we shift gears to another name that is higly volatile right now, United Air Lines. Let's explore a long butterfly spread with UAL calls.

In this episode:

  • A review of the SNAP backspreads
  • Volatility in UAL skyrockted
  • Why choose a butterfly spread?
  • Choosing a one-day trade
  • Selecting strikes
  • Setting up the trade
  • What is the cost?
  • What do we want to happen?

The Advisors Option 54: Live from the Swan CIO Summit

Recorded live at the Swan CIO summit, Mark is joined by: Chris Hausman, Portfolio & Chief Technical Strategist, Swan Global Investments Aash Vyas, Director of Portfolio Strategy and Overlays, Swan Global Investments They discuss: What is the...
Posted April 13th, 2017

Recorded live at the Swan CIO summit, Mark is joined by:

  • Chris Hausman, Portfolio & Chief Technical Strategist, Swan Global Investments
  • Aash Vyas, Director of Portfolio Strategy and Overlays, Swan Global Investments

They discuss:

  • What is the CIO Summit?
  • What were the highlights of the Summit?
  • Upside/Downside Capture
  • The importance of education
  • Are options becoming more mainstream?
  • Harvesting risk premium
  • Why Swan takes a longer-term view for choosing expirations
  • Looking into crystal ball for realized volatility levels
  • New participants in the overlay space
  • Shifting the paradigm from harvesting premium to premium extraction
  • Navigating the spike in skew
  • The efficacy of skew

Office Hours: Listener questions and comments

  • Lumping options funds into the 'alts ghetto.' Is there a better category?
  • Are there too many options exchanges?

Options News Rundown: April 12, 2017

Options news you can use for Wednesday, April 12, 2017.
Posted April 12th, 2017

Options news you can use for Wednesday, April 12, 2017.


Option Block 610: TSLA, VIX and More

Trading Block: Tesla is now more valuable than GM. Odd Block: Calls trade in MOMO Inc. (MOMO), calls trade in SunPower Corp. SPWR and calls trade in First Solar, Inc. FSLR. Mail Block/Options QuestionOfTheWeek With $TSLA threatening $315 how are you...
Posted April 11th, 2017

Trading Block: Tesla is now more valuable than GM.

Odd Block: Calls trade in MOMO Inc. (MOMO), calls trade in SunPower Corp. SPWR and calls trade in First Solar, Inc. FSLR.

Mail Block/Options QuestionOfTheWeek

With $TSLA threatening $315 how are you leaning in your #Options trades this month? Would you rather:

  • Buy 1-month $300 put
  • Buy 1-month $300 call
  • Sell 1-month $300 put
  • Staying far away from it

Around the Block: What is lighting up our trading screens for the coming week?


Options News Rundown: April 11, 2017

Options news you can use for Tuesday, April 11, 2017.
Posted April 11th, 2017

Options news you can use for Tuesday, April 11, 2017.


Volatility Views 250: Busting VIX Myths

Volatility Review: Today we are joined by guest co-host Bill Valentine, Commodore Fund VIX Cash - 12.39, VVIX - 84 CBOE Skew Index - 131, back down to normal levels VIX Options: Mon - 597k, Tues - 368k, Weds - 720k, Thurs - 564k, ADV - 659k, (Total:...
Posted April 10th, 2017

Volatility Review: Today we are joined by guest co-host Bill Valentine, Commodore Fund

  • VIX Cash - 12.39, VVIX - 84
  • CBOE Skew Index - 131, back down to normal levels
  • VIX Options: Mon - 597k, Tues - 368k, Weds - 720k, Thurs - 564k, ADV - 659k, (Total: 9.8M - 7M Calls, 2.8M Puts)
  • VIX Call/Put - 2.4/ 1
  • OIV/OVX - 26 - in the toilet
  • GVZ - 12.85
  • TYVIX - 5.12

Volatility Voicemail: Comment from LVT. Re: your discussion from last week. I think moving averages are worthwhile when analyzing VIX. Other than that, not so much.

Crystal Ball: Your VIX prognostication headquarters

Last week:

  • Mark L. - 12.50
  • Andrew - 12
  • Russell - 12.80

This week:

  • Mark L. - 12.65
  • Mark S. - 12
  • Russell - 9.87
  • Bill - 13

This Week in Futures Options 48: Can You Buy a Barrel of Crude?

Topics this week include: WTI/Crude Oil Gold Skew Futures Options Feedback: Listener questions and comments Question from Andrew L. - On the note of your oil sulfur question here is another weird one that's been bugging me. If I buy a contract for...
Posted April 10th, 2017

Topics this week include:

  • WTI/Crude Oil
  • Gold
  • Skew

Futures Options Feedback: Listener questions and comments

  • Question from Andrew L. - On the note of your oil sulfur question here is another weird one that's been bugging me. If I buy a contract for a barrel of oil and take delivery do I actually get the barrel?
  • Question from SillyPuddy - I am a newly minted FO approved trader but yet to make my first trade. What product and strategy is your go to for noobs.
  • Question from NoizeFun - Can we get a silver recap on the show this week? Plz?

Options News Rundown: April 10, 2017

Options news you can use for Monday, April 10, 2017
Posted April 10th, 2017

Options news you can use for Monday, April 10, 2017


Options Insider Radio Interviews: Talking Broker Tech with Sterling Trading Tech

In this episode, Mark is joined by Sterling Trading Tech's President Jim Nevotti and Ravi Jain, Director of Risk & Derivatives. They discuss: What is Sterling Trading Tech? The Sterling Trading Tech platform The delineation of Lightspeed and...
Posted April 7th, 2017

In this episode, Mark is joined by Sterling Trading Tech's President Jim Nevotti and Ravi Jain, Director of Risk & Derivatives.

They discuss:

  • What is Sterling Trading Tech?
  • The Sterling Trading Tech platform
  • The delineation of Lightspeed and Sterling Trading Tech
  • The LiveVol acquisition, and what remained at CBOE
  • What are future plans for the platform?
  • Who is the target audience?
  • Sterling Trader and Sterling Trader Elite
  • Exchange fragmentation
  • Options BrokerMadness

Option Block 609: VRX, Salvaging Good Trades, Umbrage and More

Trading Block: The 100-year anniversary of the vote to join WWI. VIX pops after Syrian attack. Valeant Pharmaceuticals International, VRX + $0.16 to $9.66. Odd Block: Puts trade in iPath S&P 500 VIX Short Term Future ETN (VXX), puts trade in Ford...
Posted April 7th, 2017

Trading Block: The 100-year anniversary of the vote to join WWI. VIX pops after Syrian attack. Valeant Pharmaceuticals International, VRX + $0.16 to $9.66.

Odd Block: Puts trade in iPath S&P 500 VIX Short Term Future ETN (VXX), puts trade in Ford Motor Co. (F) and calls trade in JetBlue Airways Corp (JBLU).

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

Mail Block: #Options #BrokerMadness

  • WINNER IS - Lightspeed

Around the Block/This Week in the Market:

  • Apr 7: Unemployment

Options News Rundown: April 6, 2017

Options news you can use for Thursday, April 6, 2017.
Posted April 6th, 2017

Options news you can use for Thursday, April 6, 2017.


Options Playbook Radio 153: SNAP Backspread with Puts

SNAP's recent IPO has had the name in the news quite a bit these days, so let's take a look at SNAP backspread with puts, which is on page 84 (calls) and page 87 (puts) of The Options Playbook, on OptionsPlaybook.com, or on the Amazon Kindle edition....
Posted April 6th, 2017

SNAP's recent IPO has had the name in the news quite a bit these days, so let's take a look at SNAP backspread with puts, which is on page 84 (calls) and page 87 (puts) of The Options Playbook, on OptionsPlaybook.com, or on the Amazon Kindle edition.

In this episode, Brian reviews:

  • The SNAP backspread with calls from last time
  • What has SNAP done since last time?
  • Where are the SNAP options now?
  • What about implied volatility?
  • When will earnings be announced?
  • Taking a bearish view this week
  • Setting up the trade
  • What is the expected move on the May 19 contracts?
  • What is the cost?

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


The Housing Market: The Business Show Episode 14

In this special St. Patrick's Day episode, the Business Crew is sippin' on 40s as they talk about Little Mark, green beer, and the housing market. They introduce a new game called Prank Call Rodeo, and a new segment called "Losin' it with Luke"...
Posted April 5th, 2017

In this special St. Patrick's Day episode, the Business Crew is sippin' on 40s as they talk about Little Mark, green beer, and the housing market. They introduce a new game called Prank Call Rodeo, and a new segment called "Losin' it with Luke" featuring Dylan's roommate.


Options News Rundown: April 5, 2017

Options news you can use for Wednesday, April 5, 2017.
Posted April 5th, 2017

Options news you can use for Wednesday, April 5, 2017.


Option Block 608: TSLA, FIT and BrokerMadness Champion

Trading Block: New 52-week highs (132 new highs today): Amazon Inc. (AMZN + $2.62 to $889.16), Red Hat Inc. (RHT + $0.88 to $87.33), Veeva Systems Inc. (VEEV + $0.01 to $51.29), Tesla (TSLA + $11. 11 to $289.41). Tesla Inc is now more valuable than...
Posted April 4th, 2017

Trading Block: New 52-week highs (132 new highs today): Amazon Inc. (AMZN + $2.62 to $889.16), Red Hat Inc. (RHT + $0.88 to $87.33), Veeva Systems Inc. (VEEV + $0.01 to $51.29), Tesla (TSLA + $11. 11 to $289.41). Tesla Inc is now more valuable than Ford Motor Company, and could very well surpass General Motors Company this week. General Motors Co. (GM - $1.55 to $33.81), Ford Motor Company (F - $0.34 to $11.30).

Odd Block: Calls trade in iShares MSCI Hong Kong Index (EWH), puts trade in Fitbit Inc. (FIT) and calls trade in Carmax, Inc (KMX).

Mail Block: #Options #BrokerMadness finals ARE ON!

  • Who will claim the prize of your favorite broker: @OptionsHouse or @LSFinancial?
  • The Winner is - Lightspeed
  • Question from Game Day Dog - Aww man! My vertical put spread has gone bad. I have +3 options at 61.5 and sold -3 at 62.5 ... Yesterday it gapped down to 50. I now have +200 shares of LULU in my account +3 put options at 61.5 and -1 put option at 62.5. I thought it was a $300 max risk spread. Do I have to do anything? Do I sell the shares? Everything expires in 7 days. Please help. Thanks! So I learned about selling shares and back ratio spreads and even got an $19 credit.

Around the Block/This Week in the Market:

  • Apr 4: International Trade, Factory Orders
  • Apr 5: FOMC Minutes
  • Apr 6: Jobless Claims
  • Apr 7: Unemployment

Options News Rundown: April 4, 2017

Options news you can use for Tuesday, April 4, 2017.
Posted April 4th, 2017

Options news you can use for Tuesday, April 4, 2017.


Options News Rundown: April 3, 2017

Options news you can use for Monday, April 3, 201
Posted April 3rd, 2017

Options news you can use for Monday, April 3, 201


This Week in Futures Options 47: Breaking New Ground in Index Options

Topics this week include: QuikSkew Index Options Crude Oil/WTI Futures Options Feedback: Listener questions and comments Question from A Joban - When are we gonna have weeky options expiring on every day of the trading week? So affectively I am...
Posted April 3rd, 2017

Topics this week include:

  • QuikSkew
  • Index Options
  • Crude Oil/WTI

Futures Options Feedback: Listener questions and comments

  • Question from A Joban - When are we gonna have weeky options expiring on every day of the trading week? So affectively I am asking when are we gonna have daily options?
  • Question from StockAce - Does the CME Futures Institute offer options education as well? If not, can you recommend any good outlets that do futures options education?
  • Question from AM85 - How can you guys tell, when you are looking at the reports, if a trade is opening or not? Thanks and love the show - wish it was daily.

Volatility Views 249: The Final Word on Skew

Volatility Review: A look back at the week from a volatility perspective. VIX Cash - 11.54 VVIX - 77.5 CBOE Skew Index - 139 Russell's Weekly Rundown: How is the April 26 fly looking? VIX Options: Mon - 635k, Tues - 740k, Wed - 601k, Thurs - 498k,...
Posted April 3rd, 2017

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

  • VIX Cash - 11.54
  • VVIX - 77.5
  • CBOE Skew Index - 139

Russell's Weekly Rundown:

  • How is the April 26 fly looking?
  • VIX Options: Mon - 635k, Tues - 740k, Wed - 601k, Thurs - 498k, ADV - 648k
  • VIX Call/Put: 2.4/ 1. Total 8.91m (6.30m Calls, 2.62m Puts)
  • OIV/OVX - 28
  • GVZ - 12.06
  • TYVIX - 4.68

Volatility Voicemail: Options #BrokerMadness tournament going on now.

  • Finals matchup! We have @Lightspeed v. @OptionsHouse
  • Question from CheckersKing - I see a lot of folks talking about about moving averages and support and resistance levels in $VIX. Is this kind of TA useful with $VIX or is it apples to oranges?
  • Question from MoustacheGod - I think I am too late but I pick axe/sword for the zombie apocalypse. What do I win. Jk. But if I am looking at an end times indicator is there one that is better than the rest or is it all about context and grouping multiple indicators together.

Crystal Ball: Wild prognostication

Last Week:

  • Mark L - 12.50
  • Mark S. - 12
  • Russell - 12.80
  • Ricardo - 13.5

This Week:

  • Mark L. - 12.50
  • Mark S. - 12
  • Russell - 12.80

Option Block 607: LULU Puts & House Money Rolls

Trading Block: AAPL records. LULU craps the bed. Stock market climbs after economic data, with banks in lead. Tesla produces more PR noise. Odd Block: Calls trade in ConocoPhillips (COP), puts trade in Lululemon Atheltica Inc (LULU) and call trade in...
Posted March 31st, 2017

Trading Block: AAPL records. LULU craps the bed. Stock market climbs after economic data, with banks in lead. Tesla produces more PR noise.

Odd Block: Calls trade in ConocoPhillips (COP), puts trade in Lululemon Atheltica Inc (LULU) and call trade in CIT Group (CIT)

Strategy Block: Uncle Mike Tosaw discusses Roth IRA vs a traditional IRA

Around the Block/This Week in the Market: Mar 31: Personal Income, Consumer Sentiment


Options News Rundown: March 31, 2017

Options news you can use for Friday, March 31, 2017.
Posted March 31st, 2017

Options news you can use for Friday, March 31, 2017.


Advisors Option 53: What Do Advisors Think About Volatility?

In this episode, Mark is joined by co-hosts: Chris Hausman, Portfolio & Chief Technical Strategist, Swan Global Investments Aash Vyas, Director of Portfolio Strategy and Overlays, Swan Global Investments Ilya Feygin, Managing Director and Senior...
Posted March 30th, 2017

In this episode, Mark is joined by co-hosts:

  • Chris Hausman, Portfolio & Chief Technical Strategist, Swan Global Investments
  • Aash Vyas, Director of Portfolio Strategy and Overlays, Swan Global Investments
  • Ilya Feygin, Managing Director and Senior Strategist, WallachBeth Capital

The Buzz: What are the hot topics in the world of financial advisors?

  • A recap of the CBOE Risk Management Conference.
  • Beware of Correlations, and Other Investment Tips: Janus Funds 2017 Wealth Advisor's Guide identifies the intended and unintended risks of advisors? asset allocations in their model portfolios
  • Why stock market volatility is not really as low as it appears.
  • Trump is biggest global risk in 2017, Alt Funds says.
  • OCC Educating Lawmakers on Potential Impact on Tax Reform on Listed Equity Options Market.by Craig Donohue, OCC Executive Chairman and CEO

Office Hours: Answering listener questions and comments

  • Question from Steve - With the VIX so low, I am not selling a lot of options anymore because I am afraid that I will not collect enough premium. Am I thinking of this incorrectly?
  • Question from Avec11 - According to Financial Planning magazine, ?More than a third of the nations largest RIAs lost AUM in the past year.? What is going on? Does this reflect the trend toward passive investing and away from active management? You would think a bull market period like 2016 would result in more AUM for advisors not less. Do you think using options could have stemmed the tide?

Options Playbook Radio 152: SNAP Backspread

SNAP's recent IPO has had the name in the news quite a bit these days, so let's take a look at SNAP backspread with calls, which is on page 84 of The Options Playbook, on OptionsPlaybook.com, or on the Amazon Kindle edition. In this episode, Brian...
Posted March 30th, 2017

SNAP's recent IPO has had the name in the news quite a bit these days, so let's take a look at SNAP backspread with calls, which is on page 84 of The Options Playbook, on OptionsPlaybook.com, or on the Amazon Kindle edition.

In this episode, Brian covers:

  • A review of last week's long call on PFE
  • Still figuring out the SNAP valuation
  • Where is implied volatility?
  • Why a backspread instead of a straddle?
  • Selecting the expiration date
  • What about earnings?
  • Selecting strikes
  • What is the expected movement?
  • What is the risk? Upside?

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


Options News Rundown: March 30, 2017

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

Options news you can use for Thursday, March 30, 2017.


Options News Rundown: March 29, 2017

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

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


Options News Rundown: March 28, 2017

Options news you can use for Tuesday, March 28, 2017
Posted March 29th, 2017

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


Option Block 606: The Eye of Sauron is Fixed on Puts

Trading Block: Vol skew gets dumped. Should technical analysis be applied to VIX? Stock-market fear threatens a return, as Dow stares at longest losing streak in 6 years. Odd Block: Puts trade in SPDR KBW Regional Banking (KRE), puts trade in GoldCorp...
Posted March 28th, 2017

Trading Block: Vol skew gets dumped. Should technical analysis be applied to VIX? Stock-market fear threatens a return, as Dow stares at longest losing streak in 6 years.

Odd Block: Puts trade in SPDR KBW Regional Banking (KRE), puts trade in GoldCorp (GG), puts trade in Bank of New York Mellon Corp (BK)

Mail Block: Quizzes, question and more.

Options #BrokerMadness tournament going on now. Current #Options #BrokerMadness battle (Monday/Tuesday).@OptionsHouse v. @TradingBlock https://twitter.com/Options/status/846361692544024577

Question from Zanzibar - What is max pain? Does it matter?

Comment from VoiceOfReason1 -Options seems far too complicated - too much thinking involved. I follow the penny stock community - they are usually dead accurate.

Question from Symphox - If you trade options correctly, is it true you will always have the advantage over outright stock purchase/shorting?

Around the Block: What's on our trading screens for the week to come?


This Week in Futures Options 46: Index Skew, Black Swans And More

This week we have special guest Andrew Giovinazzi. The gang discusses: S&P/E-Mini Skew Skew WTI Futures Options Feedback: Listener questions and comments Question from ALV13 - What the heck makes crude sweet? Slightly off topic but its always...
Posted March 27th, 2017

This week we have special guest Andrew Giovinazzi. The gang discusses:

  • S&P/E-Mini Skew
  • Skew
  • WTI

Futures Options Feedback: Listener questions and comments

  • Question from ALV13 - What the heck makes crude sweet? Slightly off topic but its always bothered me.
  • Question from Henry VII - How closely related are the fundamentals of ES and ES Mini options vs. SPY and SPX? Are the volatility, skews, OIs and the rest always very similar or do they sometimes trade as their own products?
  • Question from Burton - Man these FO symbols are killing me. Z for Dec, etc. Why don?t they just start from A and go alphabetically through the months? I can never remember these things. Any tips for a new convert?

Volatility Views 248: International Volatility Explosion

Volatility Review: Today we have special guest co-host: Ricardo Manrique, Executive Director/Index Business Management, Derivatives at MSCI. VIX Cash - 13.12 VVIX - 89, VIX has closed below 13 for 54 consecutive sessions now, the longest streak since...
Posted March 27th, 2017

Volatility Review: Today we have special guest co-host: Ricardo Manrique, Executive Director/Index Business Management, Derivatives at MSCI.

  • VIX Cash - 13.12
  • VVIX - 89, VIX has closed below 13 for 54 consecutive sessions now, the longest streak since Feb. 2007.
  • CBOE Skew Index - 132, dramatically lower than earlier this week, hit a high of 154.34 on March 17.
  • VIX Futures - Front month: .9, Two Month: 1.4
  • VIX Options: Mon - 785k, Tues - 1.6M, Weds - 917k, Thurs - 512k, ADV - 637k. Total 8.09m (5.77m Calls, 2.32m Puts)
  • VIX Call/Put: 2.5 / 1
  • OIV/OVX - 29.85
  • GVZ - 12.58
  • TYVIX - 4.37

Volatility Voicemail: Listener questions and comments

  • Question from FKSTHLM: Hey you guys discussed put selling on SVXY last week on Volatility Views, without mentioning the risk that this ETP could actually go to zero overnight. Is a doubling of VIX futures overnight impossible to happen in the future? What would happen to open options positions if so?

Crystal Ball: Wild and reckless prognostication

Last Week:

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

This Week:

  • Mark L. - 12.50
  • Mark S. - 12.00
  • Russell - 12.80
  • Ricardo - 13.50

Options News Rundown: March 27, 2017

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

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


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

WWoO 35: 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 35: 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.


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All of our radio programs in one convenient place.

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

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The Option Block

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

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Options Playbook Radio 155: AMZN Skip-Strike Butterfly

Earnings season makes an AMZN skip-strike butterfly an interesting prospect.

Options Playbook Radio 155: AMZN Skip-Strike Butterfly