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

Options News Rundown: Wednesday, June 28, 2017

Options news you can use for Wednesday, June 28, 2017
Posted June 28th, 2017

Options news you can use for Wednesday, June 28, 2017


Option Block 631: Talking VIX, Apple, Bitcoin, Oil And More

Trading Block: Wall St. boosted by tech stocks, rebound in oil prices; Bitcoin Tumbles to Lowest Level in More Than a Week Odd Block: Put buying in Darden Restaurants (DRI), put spreads trading in iShares MSCI Taiwan Index (EWT) and puts trading in...
Posted June 27th, 2017

Trading Block: Wall St. boosted by tech stocks, rebound in oil prices; Bitcoin Tumbles to Lowest Level in More Than a Week

Odd Block: Put buying in Darden Restaurants (DRI), put spreads trading in iShares MSCI Taiwan Index (EWT) and puts trading in Iridium Communications (IRDM)

Mail Block: Options Question of the Week 1

Everyone is talking about #Bitcoin #Volatility these days. Where do you stand on #Bitcoin after last weeks aggressive downturn?

  • Too Volatile, I am out
  • I am still bullish
  • I want #Bitcoin #Options
  • I am sick of #Bitcoin

Options Question of the Week 2

Let's get back to basics. #Options are great way to get long (bullish) exposure to stocks & futures. What's your fav way to go long?

  • Long Call/Call Spread
  • Short Put/Put Spread
  • Stock(Future) Replacement
  • Bullish Risk Reversal

Listener Questions and Comments

  • Comment from FContangotrader - I cant wait to start trading options on bitcoin.
  • Comment from Mrs Wartsoff - Paper trading does not count!!!!
  • Question from Jeli -Can I buy longer term options than LEAPs?
  • Question from Andrew Freeman: I know mike is out of AAPL but if he had to make an options trade out there now what would it be? Theres no bid on the 70 puts and they only list December puts down to 80 where they are bid for nine cents.

Around the Block/This Week in the Market

  • Jun 27: Consumer Confidence
  • Jun 28: International Trade
  • Jun 29: Jobless Claims, GDP
  • Jun 30: Personal Income, Consumer Sentiment

Options News Rundown: June 27, 2017

Options news you can use for Tuesday, June 27, 2017
Posted June 27th, 2017

Options news you can use for Tuesday, June 27, 2017


Volatility Views 260: Petty Fights About Volatility

Volatility Review: A look back at the week from a volatility perspective. VIX Cash - 10.15, VVIX - 84.21, slightly higher than last week. VIX is not a Fortune Teller CBOE Skew Index - 130.86, calmer than last week. VIX Futures - Front month: 1.5,...
Posted June 26th, 2017

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

  • VIX Cash - 10.15, VVIX - 84.21, slightly higher than last week.
  • VIX is not a Fortune Teller
  • CBOE Skew Index - 130.86, calmer than last week.
  • VIX Futures - Front month: 1.5, Second month: 2.3

Russell's Weekly Rundown:

  • VIX Options: Mon - 746k, Tues - 1.3M, Weds - 912k, Thurs - 347k
  • VIX Call/Put: 4.1 / 1
  • Twenty-two Day C/P OI Moving Average: 3.32
  • Total 7.08m (5.69m Calls, 1.39m Puts)
  • OIV - 31.5
  • OVX - 32.6

Volatility Voicemail: Questions. Comments. More.

Options question of the week: Everyone is talking about #Bitcoin #Volatility these days. Where do you stand on #Bitcoin after last weeks aggressive downturn?

  • Too Volatile, I am out
  • I am still bullish
  • I want #Bitcoin #Options
  • I am sick of #Bitcoin

Questions and comments

  • Comment from Production One? -SPX and VIX are far more fun! Also far more profitable and secure! Bitcoin snobs got nothing over the Vol cognoscenti!
  • Comment from PocketTissues -Goldman guy has the right idea. VIX should be above ten right now with everything going on. One good Trump tweet and we could be at war and VIX is in the 20s or 30s.
  • Question from Nico - What do you think of other Vix type indicators like Merrill Lynch Move Index and the rest? Also what?s up with VolDex?

Crystal Ball: Wild and reckless prognostication

This week

  • Mark L. - 9.70
  • Mark S. - 10.05
  • Russell - 9.25

This Week in Futures Options 57: Time for a QuikSkew Trade in Corn

Topics this week include: Corn Crude Oil/WTI Flash Poll: Crude Oil is taking a beating. Is the selloff overdone or is it a sign of things to come. Where do you think WTI will be at the end of 2017? Around here (40-45) Much lower (lower than 38) A...
Posted June 26th, 2017

Topics this week include:

  • Corn
  • Crude Oil/WTI

Flash Poll: Crude Oil is taking a beating. Is the selloff overdone or is it a sign of things to come. Where do you think WTI will be at the end of 2017?

  • Around here (40-45)
  • Much lower (lower than 38)
  • A little higher (50-55)
  • Much higher (above 55)

Futures Options Feedback: Listener questions and comments

Question from Ian Wagner: Hey TWIFO. I'm confused about gold options. Is there an options contract that tracks the future that is liquid?

Question from Ron Switzerland: What do you think about vol before the next USDA reports in corn?

Question from Mr. Bugato: What's paying the rent this week?

QOTW: Everyone is talking about #Bitcoin #Volatility these days. Where do you stand on #Bitcoin after last weeks aggressive downturn?

  • Too volatile, I am out
  • I am still bullish
  • I want #Bitcoin #Options
  • I am sick of #Bitcoin

Options News Rundown: June 26, 2017

Options news you can use for Monday, June 26, 2017
Posted June 26th, 2017

Options news you can use for Monday, June 26, 2017


Automation: The Business Show Episode 16

In this special episode, the crew is joined by Mark's CTO, Sam, to talk about the repercussions of the impending automation Armageddon. They hit ya with the Market Beat, and another classic Quiz-off! Listen to it before the robots take over!
Posted June 23rd, 2017

In this special episode, the crew is joined by Mark's CTO, Sam, to talk about the repercussions of the impending automation Armageddon. They hit ya with the Market Beat, and another classic Quiz-off! Listen to it before the robots take over!


Option Block 630: Don't Get too Cute when Closing Trades

Trading Block: Taking the weekend out of the market. Biotech and the effect of the AHCA bill. Crude and the energy section taking it on the chin. Odd Block: Puts trade in Plains All American Pipeline, L.P. (PAA) call spreads trade in Praxair, Inc....
Posted June 23rd, 2017

Trading Block: Taking the weekend out of the market. Biotech and the effect of the AHCA bill. Crude and the energy section taking it on the chin.

Odd Block: Puts trade in Plains All American Pipeline, L.P. (PAA) call spreads trade in Praxair, Inc. (PX).

Strategy Block: Mike discusses trading size and closing positions.

Mail Block: Listener Questions and Comments

  • Question from Frank C. - Can you do a review of second order Greeks and when to use them? Thanks.
  • Question from ZX45 - Is now actually a good time to become a market maker? I read in Barons that there are not many of them left, so there is not much competition. And how did Mike get in it if he was not a trader?

Around the Block: Bargain shopping for a sub-10 VIX close.


Options Insider Radio Interviews: Talking Rates, the Fed and More with Wedbush

In this episode, Mark is joined by Arthur Bass, Managing Director Fixed Income Financing, Futures, and Rates at Wedbush. They discuss: Arthur's backgroun in the finance space The recent Fed meeting, no big surprises there Good employment numbers and...
Posted June 23rd, 2017

In this episode, Mark is joined by Arthur Bass, Managing Director Fixed Income Financing, Futures, and Rates at Wedbush.

They discuss:

  • Arthur's backgroun in the finance space
  • The recent Fed meeting, no big surprises there
  • Good employment numbers and low inflation...where do we go from here?
  • Will it be a policy error to continue increasing rates
  • Is there too much information coming from the Fed?
  • The Wedbush growth, including KCG, Crossland and EFutures acquisitions
  • And more

OICs Wide World of Options 37 - Choosing a Strategy and Dark Pool Trading

WWoO Show 37 - Choosing a Strategy and Dark Pool Trading In this prerecorded show, Kevin Baldwin from OIC speaks with Joe Burgoyne about what to consider when selecting an options strategy. Then on Profiles & Perspectives, Stefanie Kammerman from...
Posted June 23rd, 2017

WWoO Show 37 - Choosing a Strategy and Dark Pool Trading

In this prerecorded show, Kevin Baldwin from OIC speaks with Joe Burgoyne about what to consider when selecting an options strategy. Then on Profiles & Perspectives, Stefanie Kammerman from The Stock Whisperer Trading Company explains dark pool trading.


Options News Rundown: June 23, 2017

Options news you can use for Friday, June 23, 2017
Posted June 23rd, 2017

Options news you can use for Friday, June 23, 2017


Options Playbook Radio 163: Listener Question Palooza, Continued

The Huddle: Listeners weigh in with questions 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 Lincan...
Posted June 22nd, 2017

The Huddle: Listeners weigh in with questions

  • 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 Lincan -My go-to options strat is to sell covered puts on stocks that I want to buy then get paid to wait. If the stock comes my way I eventually trade out of it using a covered call. What do you think? Savvy or stupid?

Do you have a question that you want featured on an upcoming episode of Options Playbook Radio? Send Brian an email at: [email protected].


Options News Rundown: June 22, 2017

Options news you can use for Thursday, June 22, 2017
Posted June 22nd, 2017

Options news you can use for Thursday, June 22, 2017


Options Bootcamp 66: Trading Calendar Spreads During Earnings

Options Drills: What is a calendar? How do we set them up for earnings? Strike/Month selection? Should we carry them through the event? When do we take off? Calendars vs. Diagonals? Mail Call: Fall in recruits and get your questions asked. With $VIX...
Posted June 21st, 2017

Options Drills: What is a calendar? How do we set them up for earnings? Strike/Month selection? Should we carry them through the event? When do we take off?
Calendars vs. Diagonals?

Mail Call: Fall in recruits and get your questions asked.

With $VIX giving up the ghost - which products are you hoping will provide new sources of #Volatility for your #options trading?

  • 33% - Crude Oil (WTI, etc)
  • 20% - Metals ($GLD, $SLV, etc)
  • 20% - FX (GBP/USD, etc)
  • 27% - Indv. Equities-$TSLA, etc

VIX Limbo: Last Month 40+% of you said $VIX wouldn't break 9 in 2017. But recent events have us asking again: How low will $VIX get in 2017?

  • Still Won't Break 9
  • Won't Break 8.5
  • Won't Break 8.0
  • Lookout - 7 Handle in '17

Listner Questions and Comments: What is on your mind?

  • Question from Lesnod - How do you get out of the straddles? One side of a straddle is always a loss correct?
  • Question from Meatz - Would you describe successful options trading as primarily singles and doubles or more swing for the fences home runs?
  • Question from Bulzeye7 - Are options worth it for day-traders? Or just for swing-traders?
  • Question from Axel D - What does open interest only update once a day?
  • Question from Mary - What is the shortest expiry available for plain vanilla options?
  • Question from Lincan - ;My go to options strat is to sell covered puts on stocks that I want to buy then get paid to wait. If the stock comes my way I eventually trade out of it using a covered call. What do you think? Savvy or stupid?
  • 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?

Trading Tech Talk 61: Tackling Market Data Fees, AI and More

Today we have special guest co-host Rob Brogan from Flextrade. Hot Topics in Tech: What's going on in fintech? NYSE wins approval for 'speed bump' in trading Bloomberg is taking a shot at the New York Stock Exchange (again) Exchanges becoming tech...
Posted June 21st, 2017

Today we have special guest co-host Rob Brogan from Flextrade.

Hot Topics in Tech: What's going on in fintech?


Options News Rundown: June 21, 2017

Options news you can use for Wednesday, June 21, 2017
Posted June 21st, 2017

Options news you can use for Wednesday, June 21, 2017


Option Block 629: Bitcoin, VIX and Becoming a Pro Trader

Trading Block: Green screens. Did we turn a corner? Channeling Don S. Do we have a lack of shellac? AMZN needs WFM to grow? Everyone wants to be everything. Mike's disclosure moment. Odd Block: Puts trade in Marriott Vacation Club (VAC), puts roll in...
Posted June 20th, 2017

Trading Block: Green screens. Did we turn a corner? Channeling Don S. Do we have a lack of shellac? AMZN needs WFM to grow? Everyone wants to be everything. Mike's disclosure moment.

Odd Block: Puts trade in Marriott Vacation Club (VAC), puts roll in Alerian MLP (AMLP) and put buying in Pattern Energy Group (PEGI).

Mail Block: Options question of the week

Everyone is talking about #Bitcoin #Volatility these days. Where do you stand on #Bitcoin after last week's aggressive downturn?

  • Too Volatile - I'm out
  • I'm still bullish
  • I want #Bitcoin #Options
  • I'm sick of #Bitcoin

Listener Questions:

  • Comment from Production One: SPX and VIX are far more fun
  • Question from Ejh4isu: What qualifications do I need to work in the industry as a professional, i.e. as a trader? Is that a career path I'd even want to consider?

Around the Block: Watching tech. 2500 on the S&P, 8 on the VIX?


This Week in Futures Options 56: Breakdown Palooza - Emini, Rates, Crude and Bitcoin

Topics this week include: E-Minis Rates - Question from Allan German - What happened in rates options this week with the Fed? Crude Futures Options Feedback: Polls, questions, answers, and more! With $VIX giving up the ghost - which products are you...
Posted June 19th, 2017

Topics this week include:

  • E-Minis
  • Rates - Question from Allan German - What happened in rates options this week with the Fed?
  • Crude

Futures Options Feedback: Polls, questions, answers, and more!

With $VIX giving up the ghost - which products are you hoping will provide new sources of #Volatility for your #options trading?

  • 33% - Crude Oil (WTI, etc.)
  • 20% - Metals ($GLD, $SLV, etc.)
  • 20% - FX (GBP/USD, etc.)
  • 27% - Indv. Equities-$TSLA, etc.

Listener questions:

  • Question from Meravol - Interesting piece in current 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? http://www.futuresmag.com/2016/08/23/strangles-breakeven-pricing
  • Question from Tim Vickers - Do you put out a Quickskew report or anything like that?
  • Comment from LennyK -Dude Bitcoin. How nice it would have been to have a put this week.

Volatility Views 259: Revenge of VIX Mullets and Tellums

Volatility Review with special guest co-host Mike Thompson from Typhon Capital Management. Weird Nasdaq selloff that started during last show continues. Amazon looks to buy Whole Foods. VIX Cash - 10.90, VVIX - 89.95, slightly higher than last week....
Posted June 19th, 2017

Volatility Review with special guest co-host Mike Thompson from Typhon Capital Management.

  • Weird Nasdaq selloff that started during last show continues.
  • Amazon looks to buy Whole Foods.
  • VIX Cash - 10.90, VVIX - 89.95, slightly higher than last week.
  • CBOE Skew Index - 134.12, nearly 10 points higher than 2 weeks ago.
  • VIX Futures - Front month: .6, Second month: 1.5

Russell's Weekly Rundown

  • VIX Options: Mon - 780k, Tues - 331k, Wed - 658k, Thurs - 396k, ADV - 713k, VIX Call/Put: 3.5/1; Total 10.1m (7.85m Calls, 2.26m Puts)
  • VXX - ADV 364k, OI - 1.3/1 Calls over puts.
  • OIV - 29.45
  • OVX - 31.90

Volatility Voicemail: Alternative volatility sources

With $VIX giving up the ghost - which products are you hoping will provide new sources of #Volatility for your #options trading?

  • 33% - Crude Oil (WTI, etc.)
  • 20% - Metals ($GLD, $SLV, etc.)
  • 20% - FX (GBP/USD, etc.)
  • 27% - Indv. Equities-$TSLA, etc.

VIX LIMBO: Last Month 40+% of you said $VIX wouldn't break 9 in 2017. But recent events have us asking again: How low will $VIX get in 2017?

  • Still Won't Break 9
  • Won't Break 8.5
  • Won't Break 8.0
  • Lookout! 7 Handle in '17

Listener questions and comments

  • Comment from Angelo - The point from Barclay's about convexity of SPX puts is somewhat meaningless. As long as market stays lofty the bid for those puts will remain. I do not foresee a scenario where market remains elevated but the bid mysteriously disappears for SPX OTM puts. So the VIX cannot realistically break into the 7 or 8 handle. Did like the stat about VIX prints since 1960 though.

Crystal Ball: Wild prognostication.

Last week

  • Mark L. - 9.75
  • Mark S. - 9.63
  • Russell - 10.60
  • Guest - 10

This week

  • Mark L. - 10.50
  • Mark S. - 10.05
  • Ghost of Russell - 9.15
  • Guest - 12.25

Options News Rundown: June 19, 2017

Options news you can use for Monday, June 19, 2017
Posted June 19th, 2017

Options news you can use for Monday, June 19, 2017


Option Block 628: Fed, Trump Tantrums And Closing Your Longs

Trading Block: The Federal Reserve announced a quarter-point rate hike Wednesday as expected. The market keeps shrugging off news about Trump. The news deluge, with its quasi facts, is making people numb. Odd Block: Puts trade in Tesla Motors (TSLA),...
Posted June 16th, 2017

Trading Block: The Federal Reserve announced a quarter-point rate hike Wednesday as expected. The market keeps shrugging off news about Trump. The news deluge, with its quasi facts, is making people numb.

Odd Block: Puts trade in Tesla Motors (TSLA), puts roll in Yamana Gold Inc (AUY) and puts trade in Accelerate Diagnostics, Inc. (AXDX).

Strategy Block: Uncle Mike Tosaw discusses closing out long SPY call spreads

Mail Block: VIX Limbo

Last Month 40+% of you said $VIX wouldn't break 9 in 2017. But recent events have us asking again: How low will $VIX get in 2017?

  • Still Won't Break 9
  • Won't Break 8.5
  • Won't Break 8.0
  • Lookout! 7 Handle in '17

Listener Questions and Comments:

  • Question from Sal06 - Hello, Just wondering if you could help me I have a $100 call strike for Shopify at a average of 5.88 I bought a week ago. Do you think I have a chance for it to recover?
  • Question from NanFran - Tomorrow is a triple witching hour. What does that mean for options?

Around the Block/This Week in the Market:

  • Jun 16: Housing Starts, Consumer Sentiment

Options News Rundown: Friday, June 16, 2017

Options news you can use for Friday, June 16, 2017
Posted June 16th, 2017

Options news you can use for Friday, June 16, 2017


Options Playbook Radio 162: Listener Question Palooza

It's all listener questions in this special edition of Options Playbook Radio Question from Ejh4isu - If I buy/sell a vertical on SPX (or any equity stock for that matter) and hold until expiration, and SPX settles between the strikes, what happens ?...
Posted June 15th, 2017

It's all listener questions in this special edition of Options Playbook Radio

  • Question from Ejh4isu - If I buy/sell a vertical on SPX (or any equity stock for that matter) and hold until expiration, and SPX settles between the strikes, what happens ? Example: sell 2395/2400 and SPX settles at 2397.
  • Question from Kraken1975 - Which of the Greeks do you utilize the most and why?
  • Question from ButcherBoyz - What options trading strategy would you say is best suited to people with absolutely zero knowledge of options? Thanks.

Do you have a question that you want featured on an upcoming episode of Options Playbook Radio? Send Brian an email at: [email protected].


Options News Rundown: Thursday, June 15, 2017

Options news you can use for Thursday, June 15, 2017
Posted June 15th, 2017

Options news you can use for Thursday, June 15, 2017


Advisors Option 56: How to Sell Options When VIX is Low

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 Mike Tosaw, RCM Wealth Advisors Ilya...
Posted June 14th, 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
  • Mike Tosaw, RCM Wealth Advisors
  • Ilya Feygin, Senior Strategist, Wallachbeth

Tricks of the Trade: Selling options in a low volatility environment.

What are some ways that advisors/asset managers can maintain the income component of their portfolios, without taking unnecessary risks?

  • Selling ITM options?
  • Selling longer-term options?
  • Changing underlying?

Options 101: Information advisors need to know

The Buzz: What is happening in the industry?

Office Hours: Question from Ian Wagner: Why trade volatility vs direction or income? Preference? More favorable risk/reward profile?


Options News Rundown: June 14, 2017

Options news you can use for Wednesday, June 14, 2017
Posted June 14th, 2017

Options news you can use for Wednesday, June 14, 2017


Option Block 627: VIX De-Synchronization

Trading Block: What is up with VIX today? NASDAQ sells off, S&P not so much, VIX pops. How low should VIX go? Are you in the Goldman camp or the Barclay's camp? Gaming segment hot today. Big news out of the E3 show. MSFT: $69.71 - .8%. Company...
Posted June 13th, 2017

Trading Block: What is up with VIX today? NASDAQ sells off, S&P not so much, VIX pops. How low should VIX go? Are you in the Goldman camp or the Barclay's camp? Gaming segment hot today. Big news out of the E3 show.

  • MSFT: $69.71 - .8%. Company too big to move much on gaming news.
  • Sony (SNE): Unchanged. Slight adv pop - about 2.5X
  • EA: $108.90 - off over 1%
  • TTWO: $73.83 - Off 2%
  • ATVI: $56.76, off 2.2%

Odd Block: Puts trade in Technology Select Sector SPDR Fund (XLK), calls trade in United Parcel Service, Inc. (UPS) and calls trade in SBA Communications Corp (SBA).

Mail Block: VIX Limbo!

VIXLIMBO: Last Month 40+% of you said $VIX wouldn't break 9 in 2017. But recent events have us asking again: How low will $VIX get in 2017?

  • Still Won't Break 9
  • Won't Break 8.5
  • Won't Break 8.0
  • Lookout! 7 Handle in '17

Listener questions: What's on your mind?

  • Question from Sal06 - Hello, Just wondering if you could help me I have a $100 call strike for Shopify at a average of 5.88 I bought a week ago. Do you think I have a chance for it to recover?
  • Comment from Lillith - I agree that the options market would benefit from more American options since the assignment process is confusing and risky.

Around the Block/This Week in the Market:

  • Jun 13: PPI
  • Jun 14: CPI, FOMC Meeting
  • Jun 15: Jobless Claims, Import and Export Prices
  • Jun 16: Housing Starts, Consumer Sentiment

Options News Rundown: Tuesday, June 13, 2017

Options news you can use for Tuesday, June 13, 2017
Posted June 13th, 2017

Options news you can use for Tuesday, June 13, 2017


Volatility Views 258: Testing Historic New Lows in VIX

Volatility Review: A look back at the week from a volatility perspective. VIX hits a new low of 9.37 Comey's testimony fails to move the needle Maybe Britain will provide the spark VIX needs? VIX Cash - 9.47, VVIX - 83.28, almost unchanged from last...
Posted June 12th, 2017

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

  • VIX hits a new low of 9.37
  • Comey's testimony fails to move the needle
  • Maybe Britain will provide the spark VIX needs?
  • VIX Cash - 9.47, VVIX - 83.28, almost unchanged from last week.
  • CBOE Skew Index - 127.09, slightly higher than least week.
  • VIX Futures - still steep. Front month - 1.5, Second month - 2.3

Russell's Weekly Rundown:

  • VIX Options, Mon - 459k, Tues - 473k, Weds - 453k, Thurs - 473k, ADV - 722k. VIX Call/Put: 3.3/1. Total 9.20m (7.06m Calls, 2.14m Puts)
  • VXX - ADV 356k, OI - 1.2/1 calls over puts.
  • OIV - 32.31
  • OVX - 33.84

Volatility Voice mail: Questions, comments, polls and more!

With $VIX giving up the ghost - which products are you hoping will provide new sources of #Volatility for your #options trading?

  • Crude Oil (WTI, etc)
  • Metals ($GLD, $SLV, etc)
  • FX (GBP/USD, etc)
  • Indv. Equities-$TSLA, etc.

Listener Questions and comments

  • Comment from John King - #Fired #FBI director completes televised #Testimony negative for sitting #president & #VIX DOWN .41 to 9.98. Just plain crazy. @Options #USA
  • Comment from AGTrader - God help them when they have to all cover at once.

Crystal Ball: Your prognostication headquarters

This week:

  • Mark L. - 9.75
  • Mark S. - 10.5
  • Russell - 11.23


Options News Rundown: Monday, June 12, 2017

Options news you can use for Monday, June 12, 2017
Posted June 12th, 2017

Options news you can use for Monday, June 12, 2017


Option Block 626: Comey Fails VIX, TSLA Mystery Deepens

Trading Block: Comey talks before the Senate - the markets shrug. VIX still in double digits, barely. Silver and Alibaba. Odd Block: Puts trade in Tesla Inc. (TSLA), calls trade in CIT Group Inc. (CIT). Strategy Block: Mike discusses the importance of...
Posted June 9th, 2017

Trading Block: Comey talks before the Senate - the markets shrug. VIX still in double digits, barely. Silver and Alibaba.

Odd Block: Puts trade in Tesla Inc. (TSLA), calls trade in CIT Group Inc. (CIT).

Strategy Block: Mike discusses the importance of having different strategies for different underlying, in similar scenarios.

Mail Block/Options Question of the Week:

Weird Fact: #1 $TSLA position= 26,760 Jan 2019 50 P. Weird Fact #2: 10k OI added in last 2 months (200 today). Why buy these puts?

  • Extreme Catastrophe Hedge
  • Newsletter Recommendation
  • Model S Extended Warranty
  • Only an idiot buys these

Comments on the QOTW:

  • Comment from BeardfistMcfist - Tesla bond holders
  • Comment from Gabe Rich - That's Elon Musk buying? Insider buying?
  • Comment from WallStChe - Because the company will be out of business in 2018?
  • Comment from Option Drone - Agree, although other alternatives seem even more head scratching

State of the Union:

  • Comment from John King - #Fired #FBI director completes televised #Testimony negative for sitting #president & #VIX DOWN .41 to 9.98. Just plain crazy. @Options #USA

Listener Question:

  • Question from Butcher Boys: What options trading strategy would you say is best suited to people with absolutely zero knowledge of options?

Around the Block: Comey swing and miss. British elections. Will we make a new all-time high? Fed news conference next Wednesday.


Options News Rundown: Friday, June 9, 2017

Options news you can use for Friday, June 9, 2017
Posted June 9th, 2017

Options news you can use for Friday, June 9, 2017


Options Insider Radio Interviews: Talking Options with Fidelity

In this episode, Mark is joined by Greg Stevens, Vice President of Product Development for Options at Fidelity. They discuss: Greg's winding path through the derivatives space Fidelity's performance in Options Broker Madness Fidelity is so much more...
Posted June 8th, 2017

In this episode, Mark is joined by Greg Stevens, Vice President of Product Development for Options at Fidelity.

They discuss:

  • Greg's winding path through the derivatives space
  • Fidelity's performance in Options Broker Madness
  • Fidelity is so much more than just 401k
  • Three ways to play: mobile, web, and Active Trader Pro
  • Trader tools, including back-testers
  • Commissions, margins, and price improvement
  • Excelling at customer service
  • Does Fidelity offer a virtual trading platform?
  • The resurgence of back-testing
  • More tools for happy options traders
  • Idea generation/trade recommendations
  • Investing in the mobile experience
  • Charging to close shorts?
  • Price improvement: the voodoo of order routing?
  • The decline in options volume
  • What happened to minis?
  • Auctions: yea or nay?

Options News Rundown: June 8, 2017

Options news you can use for Thursday, June 8, 2017
Posted June 8th, 2017

Options news you can use for Thursday, June 8, 2017


Options Playbook Radio 161: Fun with a Long-Term AMD Fig Leaf

In this episode, Brian reviews two paper trades from previous episodes and opens up a third. You can find the backspread with calls on page 84 of The Options Playbook, and the put debit spread is on page 62. Plus, this week we'll look at the fig leaf,...
Posted June 8th, 2017

In this episode, Brian reviews two paper trades from previous episodes and opens up a third. You can find the backspread with calls on page 84 of The Options Playbook, and the put debit spread is on page 62. Plus, this week we'll look at the fig leaf, which you can find on page 56. This is always available on OptionsPlaybook.com, in on the Amazon Kindle edition.

Today, Brian discusses:

  • A review of the AMD backspread
  • What did AMD do since putting on the trade?
  • A review of the FCX debit put spread
  • What did FCS do since putting on the trade?
  • Re-introducing the fig leaf with AMD
  • Using a LEAPS option
  • Setting up the trade
  • Picking strikes
  • What will it cost?
  • Why not just do a covered call?

Do you have questions that you want to have answered on an episode of Options Playbook Radio? Send them to Brian at [email protected].


Options News Rundown: Wednesday, June 7, 2017

Options news you can use for Wednesday, June 7, 2017
Posted June 7th, 2017

Options news you can use for Wednesday, June 7, 2017


Option Block 625: Dealing With Profound Market Malaise

Trading Block: VIX at 960! The VIX is back to flirting with its lowest levels ever. Keep an eye on APPL. The World Wide Developer Conference begins this week. The year-to-date performance of Apple, Amazon, Netflix and FB is +34% right now. Odd Block:...
Posted June 6th, 2017

Trading Block: VIX at 960! The VIX is back to flirting with its lowest levels ever. Keep an eye on APPL. The World Wide Developer Conference begins this week. The year-to-date performance of Apple, Amazon, Netflix and FB is +34% right now.

Odd Block: Calls trade in Cenovus Energy Inc. (CVE), puts and calls trade in Dynavax Technologies Corp. (DVAX) and calls trade in MSCI Hong Kong Index (EWH) , update from 4/3/17.

Mail Block: Options Question of the Week

Weird Fact: #1 $TSLA position= 26,760 Jan 2019 50 P. Fact 2: 10k OI added in last 2 months (200 today). Why buy these puts?

  • Extreme Catastrophe Hedge
  • Newsletter Recommendation
  • Model S Extended Warranty
  • Only an idiot buys these

Listener questions and comments: What do you want to know?

  • Comment from Fed Zeppelin - Shorts are learning there's a better option than getting squeezed via equity?
  • Comment from Option Drone? - Short CDS or an OTC put in the name.
  • Question from Adam Linlan - Whats up OB? Thinking about getting a model S. It is not a small purchase (about 85k) so I am a little concerned about the future of Tesla motors. Will it be around to service my pricey vehicle in 3-5 years. So I thought I should purchase some insurance. The longest listed puts are Jan 19. I do not want to pay through the nose so I am thinking about picking up the Jan 100 puts for about $4. By my math if TSLA goes bankrupt I will be sitting on a cool 96k, more than the cost of my car. If it does not happen then I will probably roll about six months out so it will cost me a little more but all in all I do not foresee spending more than $1000 during the life of the car. Am I crazy for thinking about doing this?
  • Question from Parallelism - What site are you using paper on? I would like to learn options using paper.
  • Question from GiddyFranciscan - Sell in May and go away. What option strategy benefits from the profound market malaise that occurs over the summer?

Around the Block/This Week in the Market:

  • Jun 5: Productivity and Costs, Factory Orders
  • Jun 6: JOLTS
  • Jun 8: Jobless Claims

Options News Rundown: June 6, 2017

Options news you can use for Tuesday, June 6, 2017
Posted June 6th, 2017

Options news you can use for Tuesday, June 6, 2017


This Week in Futures Options 54: The Bacon and Bitcoin Show

Topics this week include: Silver Platinum Crude Futures Options Feedback: What do you want us to talk about? Comment from Production One? @MarkClydeBrant: Bellies! Comment from f ili p @FContangotrader: What about bitcoin,no love? Comment from...
Posted June 5th, 2017

Topics this week include:

  • Silver
  • Platinum
  • Crude

Futures Options Feedback: What do you want us to talk about?

  • Comment from Production One? @MarkClydeBrant: Bellies!
  • Comment from f ili p @FContangotrader: What about bitcoin,no love?
  • Comment from Elmman: Can you talk more FX? GBP/USD and EUR/USD.
  • Question from Lezen: Which product has the hottest weekly options?
  • Question from LJack: Heard you mention CME direct? Is it a broker?

Volatility Views 257: Navigating Dangerous Waters with VXX Call Spreads

Today we have special guest co-host: Ophir Gottlieb, Capital Market Laboratories. Volatility Review: A look back at the week from a volatility perspective. VIX Cash: 9.89 VVIX: 83.83 - Both almost unchanged from last week. CBOE Skew Index : 124.55...
Posted June 5th, 2017

Today we have special guest co-host: Ophir Gottlieb, Capital Market Laboratories.

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

  • VIX Cash: 9.89
  • VVIX: 83.83 - Both almost unchanged from last week.
  • CBOE Skew Index : 124.55
  • VIX Futures till steep

Russell's Weekly Rundown:

  • VIX Options: Mon - Closed, Tues - 264k, Weds - 545k, Thurs - 231k, ADV - 722K
  • VIX Call/Put: 3.2/1
  • Total 8.37m (6.39m Calls, 1.98m Puts)
  • OIV - 29, OVX - 31

Volatility Voicemail: Options Question of the Week

AMZN just hit $1000. Will GOOGL do it next? GOOGL $1000 call expiring Friday = $4, $1000 Put = $8. How would you trade?

  • Sell $1000 Call for $4 - 21%
  • Buy $1000 Call for $4 - 38%
  • Sell $1000 Straddle: $12 - 19%
  • Sell $1000 Put for $8 - 22%

Listener Questions and Comments:

  • Comment from FContangotrader - @Options @OptionPit @OptionVol @RussellRhoads I am very impressed from Mark and his poetry and ABC options and Uber rhyme
  • Comment from Production One? - Replying to @Options @optionpit Meatball long 1W SPX straddle hit! Way to go Marco!
  • Question from JavierLBC -Hi guys. I am new. found you on stocktwits. Did you see 36,000 sep 25 calls on VIX?

Crystal Ball: Wild and reckless prognostication.

Last week:

  • Russell - 10.75
  • Mark S. - 9.75
  • Mark L. - 10.25

This week:

  • Russell - 10.60
  • Mark S. - 9.63
  • Mark L. - 9.75
  • Ophir - 10

Options News Rundown: June 5, 2017

Options news you can use for Monday, June 5, 2017
Posted June 5th, 2017

Options news you can use for Monday, June 5, 2017


Options News Rundown: June 5, 2017

Options news you can use for Monday, June 5, 2017
Posted June 5th, 2017

Options news you can use for Monday, June 5, 2017


Option Block 624: Mystery Tesla Puts

Trading Block: Today we welcome guest co-host Matt Amberson from ORATS. AMZN finally hits $1000. Who is next? Google? Do we need to bring back mini options with all of these high-priced stocks? The crude rally continues. Odd Block: TSLA Options...
Posted June 2nd, 2017

Trading Block: Today we welcome guest co-host Matt Amberson from ORATS. AMZN finally hits $1000. Who is next? Google? Do we need to bring back mini options with all of these high-priced stocks? The crude rally continues.

Odd Block: TSLA Options Tracker: Guess what the number one position in Tesla is right now? Calls trade in Taubman Centers (TCO).

Strategy Block: Mike discusses his SPY diagonal spread trade put on last week.

Mail Block/Options Question of the Week:

AMZN just hit $1000. Will GOOGL do it next? The GOOGL $1000 call expiring Friday = $4, $1000 Put = $8. How would you trade?

  • Sell $1000 Call for $4
  • Buy $1000 Call for $4
  • Sell $1000 Straddle: $12
  • Sell $1000 Put for $8

Listener Question: What's on your mind?

Question from GuruHawk -How do you know the shares were purchased as well? I see the volume on the option... But to know workings of intent?

Around the Block: What is going on in the June 16 SPY contract? Market reaction to the decision to pull out of the Paris Climate Agreement. Non-farm payrolls. How low can VIX go? What else will hit the $1000 mark?


Options Playbook Radio 160: FCX Debit Put Spread

Options Playbook Radio 160: FCX Debit Put Spread Last week's episode looked at a backspread with calls. That strategy is on page 83 of the Options Playbook. This week, we will cover a debit put spread, which is on page 62. In this session, Brian...
Posted June 1st, 2017

Options Playbook Radio 160: FCX Debit Put Spread

Last week's episode looked at a backspread with calls. That strategy is on page 83 of the Options Playbook. This week, we will cover a debit put spread, which is on page 62.

In this session, Brian covers:

  • A review of last week's AMD backspread
  • Why look at FCX?
  • Why a long put spread?
  • Erring on the side of being too short or too long
  • Intrinsic value considerations
  • Picking strikes and expiration dates
  • Buying as much time premium as selling

Options News Rundown: June 1, 2017

Options news you can use for Thursday, June 1, 2017
Posted June 1st, 2017

Options news you can use for Thursday, June 1, 2017


Options News Rundown: May 31, 2017

Options news you can use for Wednesday, May 31, 2017
Posted May 31st, 2017

Options news you can use for Wednesday, May 31, 2017


Volatility Views 256: The Holiday Weekend Volatility Blues

Volatility Review: A look back at the week from a volatility perspective VIX Cash - 9.99 VVIX - 82.20 CBOE Skew Index - 123.65 Russell's Weekly Rundown: VIX Options: Mon - 558k, Tues - 522k, Weds - 449k, Thurs - 474k, ADV - 727K, VIX Call/Put: 3/1...
Posted May 30th, 2017

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

  • VIX Cash - 9.99
  • VVIX - 82.20
  • CBOE Skew Index - 123.65

Russell's Weekly Rundown:

Volatility Voicemail: Options Question of the Week

$VIX =11.20. $VIX June Future = 12.40 $VIX Weekly 11 puts = $.15, Weekly 13 Calls = $.15. What's your trade?

  • Buy 13 Call for $.15
  • Buy 11 Put for $.15
  • Sell 13 Call for $.15
  • Sell 11 Put for $.15

Listener Questions and Comments:

  • Comment from VTrader - When VIX is below 11.5 since 2006, that current difference between from the front month and VIX cash is at its highest.
  • Question from Eli Vagan - Did the spike in VIX last week finally break that short Vol feedback loop that everyone is focused on these days?
  • Question from Benod - What was the truth behind that VIX strangle last week?
  • Question from Allan Nemy - All this action in crude it seems like a good time for some crude Vol products. Why no CBOE crude volatility options?

Crystal Ball: Wild and reckless prognostication

This week:

  • Mark L. - 10.25
  • Mark S. - 9.75
  • Russell - 10.75

This Week in Futures Options 53: Crude Smackdown with Some Bitcoin Love

Topics this week include: Crude/WTI and gold. Futures Options Feedback: Listener questions and comments Question from Olivetrader1: During the last show you mentioned defending a straddle. That means buying futures as soon as we are trading under the...
Posted May 30th, 2017

Topics this week include: Crude/WTI and gold.

Futures Options Feedback: Listener questions and comments

  • Question from Olivetrader1: During the last show you mentioned defending a straddle. That means buying futures as soon as we are trading under the put and selling futures as soon as they are trading above the call, or is there more room for execution.
  • Comment from FContangotrader: I cannot wait to start trading options on corn and Bitcoin.
  • Question from Bobter: Can you trade options outside of U.S. trading hours?
  • Question from LV56: I am mostly trading futures intra-day to scalp a few ticks - primarily S&P, crude and gold. I am interested in options but I do not see how to apply them to my trading style. Is there a way to use options for very short term intra-day tick scalping?

Options Insider Radio Interviews: Talking Findings from the Survey of Options for Financial Advisors with OIC

Recorded live at the 2017 Options Industry Conference, Mark is joined by Eric Cott, Director of Advisor Education, and Emily Sweet, Senior Analyst at Cerulli Associates. They discuss: Merging the Options Industry Conference and the Financial Advisor...
Posted May 30th, 2017

Recorded live at the 2017 Options Industry Conference, Mark is joined by Eric Cott, Director of Advisor Education, and Emily Sweet, Senior Analyst at Cerulli Associates.

They discuss:

  • Merging the Options Industry Conference and the Financial Advisor Conference
  • The survey Cerulli Associates did for the OIC on financial advisors
  • Surprising findings from the survey
  • Downside protection, hedging, and other ways larger advisors are using options
  • How many advisors participated in the survey
  • When there is a dedicated CIO, there is more use of options
  • Improving professional trading tools
  • How many advisors aren't comfortable talking about options with clients?
  • Options as a counterpoint to the robo advisor
  • What about the advisors who previously used options but stopped?
  • The client influence on options is hard to quantify

Options News Rundown: May 30, 2017

Options news you can use for Tuesday, May 30, 2017
Posted May 30th, 2017

Options news you can use for Tuesday, May 30, 2017


Option Block 623: How to Sell Premium With A Low VIX

Trading Block: A Retail Resurgence: Best Buy (BBY) - close $50.42, ATM straddle $4, approx. 8%. Earnings: Amazon, ULTA, Costco, GameStop. Odd Block: Call spread buying in Southwestern Energy Corporation (SWN), calls buying in Macerish Co (MAC), puts...
Posted May 26th, 2017

Trading Block: A Retail Resurgence: Best Buy (BBY) - close $50.42, ATM straddle $4, approx. 8%. Earnings: Amazon, ULTA, Costco, GameStop.

Odd Block: Call spread buying in Southwestern Energy Corporation (SWN), calls buying in Macerish Co (MAC), puts and stock buying in Omega Healthcare Investors (OHI)

Strategy Block: Mike discusses what you can do to sell premium in this market environment.

Mail Block: Options Question Of The Week:

$VIX =11.20. $VIX June Future = 12.40 $VIX Weekly 11 puts = $.15, Weekly 13 Calls = $.15. What's your trade?

  • Buy 13 Call for $.15
  • Buy 11 Put for $.15
  • Sell 13 Call for $.15
  • Sell 11 Put for $.15

Listener Comment:

  • Comment from Production One - VR would excite the young to trade options! Not old fat guys for sure! MarketWatch: Who trades options the most? Millennial investors Industry should be OK going forward.

Around the Block/This Week in the Market:

  • A shortened week due to Memorial Day

Options News Rundown: May 26, 2017

Options news you can use for Friday, May 26, 2017
Posted May 26th, 2017

Options news you can use for Friday, May 26, 2017


Options Insider Radio Interviews: Talking Data, Alpha and More with Wall Street Horizon

Recorded live at the 2017 Options Industry Conference, Mark is joined by Barry Star, CEO at Wall Street Horizon They discuss: Barry's background in options What is Wall Street Horizon? Who uses Wall Street Horizon? Finding alpha in moving earnings...
Posted May 25th, 2017

Recorded live at the 2017 Options Industry Conference, Mark is joined by Barry Star, CEO at Wall Street Horizon

They discuss:

  • Barry's background in options
  • What is Wall Street Horizon?
  • Who uses Wall Street Horizon?
  • Finding alpha in moving earnings dates
  • The types of volatility related to the timing of earnings releases
  • How do they get it so right?
  • The impact of social media
  • Don't trade on bad data
  • What are the Wall Street Horizon price points?
  • Which brokers do they work with?

Options Insider Radio Interviews: Talking Volume, Market Making and Auctions with MIAX

Recorded live at the 2017 Options Industry Conference, Mark is joined by Shelly Brown, Executive Vice President of Business Strategy at the Miami Options Exchange. They discuss: Rolling out the second exchange for the group How are the early numbers...
Posted May 25th, 2017

Recorded live at the 2017 Options Industry Conference, Mark is joined by Shelly Brown, Executive Vice President of Business Strategy at the Miami Options Exchange.

They discuss:

  • Rolling out the second exchange for the group
  • How are the early numbers on Pearl?
  • Playing with fees and managing flow
  • What are the points of differentiation for the MIAX exchange group?
  • What can the marketplace do to spur volume?
  • Should the minis make a comeback?
  • The need for public education
  • How to incent market makers to come back to the fold?
  • The concentration of liquidity in just a few names
  • Predatory traders taking over flow
  • Auctions: pro or con?

Options News Rundown: May 25, 2017

Options news you can use for Thursday, May 25, 2017
Posted May 25th, 2017

Options news you can use for Thursday, May 25, 2017


Options Insider Radio Interviews: Talking Fragmentation, Market Quality and More with Dash

Recorded live (to tape) at the 2017 Options Industry Conference, Mark is joined by Peter Maragos, Co-Founder and CEO of Dash Financial Technologies. They discuss: His background in the financial space What does Dash do? Joining forces with...
Posted May 25th, 2017

Recorded live (to tape) at the 2017 Options Industry Conference, Mark is joined by Peter Maragos, Co-Founder and CEO of Dash Financial Technologies.

They discuss:

  • His background in the financial space
  • What does Dash do?
  • Joining forces with Liquidpoint
  • Having all the right solutions
  • Will trading floors come back?
  • The shrinking pool of liquidity providers
  • Modernizing the markets
  • Where is the incremental value in multiple exchanges?
  • Reaching out to new customers
  • Huge volume in fewer names

Options Playbook 159: Back Spread with Calls in AMD

Today, we will explore back spread with calls in AMD (page 84). This is always available on OptionsPlaybook.com, or on the Amazon Kindle edition. In this episode, Brian covers: What are the benefits and risks of the back spread with calls? What has...
Posted May 25th, 2017

Today, we will explore back spread with calls in AMD (page 84). This is always available on OptionsPlaybook.com, or on the Amazon Kindle edition.

In this episode, Brian covers:

  • What are the benefits and risks of the back spread with calls?
  • What has happened since we put the trade on?
  • Setting up the trade.
  • What is the maximum risk? Reward?
  • What is the ideal scenario?

Options Insider Radio Interviews: Talking Mergers, Millennials, and Mobile with TD Ameritrade

Recorded live (to tape) at the 2017 Options Industry Conference, Mark is joined by JJ Kinahan, Chief Market Strategist at TD Ameritrade. They discuss: The merger with Scottrade Where did the volume go? Is there a tax put under the market? Is the VIX...
Posted May 24th, 2017

Recorded live (to tape) at the 2017 Options Industry Conference, Mark is joined by JJ Kinahan, Chief Market Strategist at TD Ameritrade.

They discuss:

  • The merger with Scottrade
  • Where did the volume go?
  • Is there a tax put under the market?
  • Is the VIX working?
  • Getting millennials into options
  • Maximizing the mobile experience
  • What can we do with stocks that are too expensive?

Options News Rundown: May 24, 2017

Options news you can use for Wednesday, May 24, 2017
Posted May 24th, 2017

Options news you can use for Wednesday, May 24, 2017


Options Insider Radio Interviews: Talking Data, Clouds and Costs with Vela

Recorded live (to tape) at the 2017 Options Industry Conference, Mark is joined by Jen Nayar, CEO of Vela Trading Technologies. They discuss: Her history in the trading technology space What does Vela do? What is Vela doing to make market data...
Posted May 24th, 2017

Recorded live (to tape) at the 2017 Options Industry Conference, Mark is joined by Jen Nayar, CEO of Vela Trading Technologies.

They discuss:

  • Her history in the trading technology space
  • What does Vela do?
  • What is Vela doing to make market data accessible?
  • The trend of bespoke data
  • Keeping one eye on potential competitors
  • The myriad reasons for the slow adoption of cloud-based platforms
  • Enhanced data feeds
  • What are conference highlights?
  • The proliferation of exchanges

Option Block 622: Selling Crazy Penny Calls

Trading Block: Earnings highlights include Lowes (Wednesday), Best Buy, Costco, TD Ameritrade, GameStop (Thursday). Odd Block: Calls trade in Pandora Media Inc. (P), calls trade in Energy Transfer Equity LP (ETE) and calls trade in MGM Resorts Int....
Posted May 23rd, 2017

Trading Block: Earnings highlights include Lowes (Wednesday), Best Buy, Costco, TD Ameritrade, GameStop (Thursday).

Odd Block: Calls trade in Pandora Media Inc. (P), calls trade in Energy Transfer Equity LP (ETE) and calls trade in MGM Resorts Int. (MGM).

Mail Block: Questions. Comments. More

Options Question Of The Week: $VIX =11.20. $VIX June Future = 12.40 $VIX Weekly 11 puts = $.15, Weekly 13 Calls = $.15. What's your trade?

  • Buy 13 Call for $.15
  • Buy 11 Put for $.15
  • Sell 13 Call for $.15
  • Sell 11 Put for $.15

Listener Questions:

  • Question from Game Daydog - Whoo Hooo !! I made the boot camp show!!! He's right.. I did take a bruise, but my position was good. The stock gapped thru my position. Is there an option strategy that offers the most gap-thru protection?
  • Question from Jlers -Best broker for Iron Condors?

Around the Block/This Week in the Market:

  • May 23: New Home Sales
  • May 24: Existing Home Sales, FOMC Minutes
  • May 25: Jobless Claims, International Trade
  • May 26: Durable Goods, GDP, Consumer Sentiment

This Week in Futures Options 52; Get on the Crude Roller Coaster

Today, Mark and Nick are joined by Matt Bradbard, Director of Alternative Investments, RCM Alternatives. Topics this week include: Crude Oil Gold Futures Options Feeback: Listener questions and comments Question from Andy Sullivan - You guys buying...
Posted May 23rd, 2017

Today, Mark and Nick are joined by Matt Bradbard, Director of Alternative Investments, RCM Alternatives.

Topics this week include:

  • Crude Oil
  • Gold

Futures Options Feeback: Listener questions and comments

  • Question from Andy Sullivan - You guys buying this rally in WTI, or are the options telling a different story?
  • Question from Jingles6 - Dudes! You're missing out on the hot new commodity trend, Cryptos rule everything around us! A $10,000 investment in Gold in July 2010, is now worth $9,981. A $10,000 investment in BitCoin is now worth $201,553!

Options News Rundown: May 23, 2017

Options news you can use for Tuesday, May 23, 2017
Posted May 23rd, 2017

Options news you can use for Tuesday, May 23, 2017


Volatility Views 255: The Myth of VIX 50-Cent

Volatility Review: A look back at the week from a volatility perspective VIX cash: 14.66 VVIX: 104.12 Ten biggest $VIX rallies and what $VIX did the following day Question from @FContangotrader: How many % $VIX went up today? #%of% CBOE SKEW...
Posted May 23rd, 2017

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

VIX options:

  • ADV - 747K; Thurs - 806K; Weds - 1.34m; Tues - 1.06m; Mon - 533K
  • VIX call/put: 3.1/1

Hot VIX strikes

  • 308315 .VIX Jun 21st 30.0 C, chg +4261
  • 274854 .VIX Jun 21st 35.0 C, chg +521
  • 261116 .VIX Jun 21st 20.0 C, chg +22016
  • 256652 .VIX Jun 21st 15.0 C, chg +61381
  • 207375 .VIX Jun 21st 19.0 C, chg +36896
  • 182527 .VIX Jun 21st 16.0 C, chg +21143
  • 165518 .VIX Jun 21st 25.0 C, chg -17814
  • 161130 .VIX Jun 21st 18.0 C, chg +7305
  • 153348 .VIX Jun 21st 17.0 C, chg +4539
  • 139338 .VIX Jun 21st 11.5 P, chg +8819
  • Total 6.77m (5.13m Calls, 1.64m Puts)

Earnings Volatility

  • GAP (GPS): $23.13; ATM straddle : $1.85 - approx. 8%
  • BABA: close $120.72; ATM straddle approx. $6; approx. 5%; dropped as low as $114 - $6.72; close $121.35 - UP .5%
  • WMT: close $75; ATM straddle $2.25; approx 3%; high $77.66

Volatility Voicemail: Listener questions and comments

  • Question from Vtrader168: Considering that there is large Vol jump Wednesday without major event, and the market recovery is not that strong, is it an indicator that the period of the extremely low VIX is over, and VIX return to "normal-low" level?
  • Question from Volbug: Hi. This is for Volatility Views: Thanks for the show Marks and Russell. You mentioned that implied vol is often more than realized vol. Does the time frame of the option, impact that calculation? For example 1 monthly option is cheaper that 4 weekly options. Thanks.

Crystal Ball: Wild prognostication

Last Week:

  • Mark L. - 10.25
  • Russell - 11.25
  • Henry - 9.90

This Week:

  • Mark L. - 10.75
  • Mark S. - 11.05
  • Russell - 12.26

Options Insider Radio Interviews: Talking API vs. GUI, Complex Order Books and More with Flextrade

Recorded live at the 2017 Options Industry Conference, Mark is joined by Rob Brogan Vice President of Equity Derivative Services at Flextrade They discuss: What's going on at Flextrade? What does Flextrade do, and who is their typical end-user? What...
Posted May 23rd, 2017

Recorded live at the 2017 Options Industry Conference, Mark is joined by Rob Brogan Vice President of Equity Derivative Services at Flextrade

They discuss:

  • What's going on at Flextrade?
  • What does Flextrade do, and who is their typical end-user?
  • What are they doing to counteract the trend of liquidity providers leaving the industry?
  • Optimal data presentation: API or no?
  • Major trends: cloud, mobile, hosted solutions
  • What are highlights from the conference?
  • Complex order books and the communication gap

Options Insider Radio Interviews: Talking Exchange Integration, Thinking Outside the Box, and Complex Order Books with CBOE

Recorded live at the 2017 Options Industry Conference, Mark is joined by Kapil Rathi, Senior Vice President of Options Business Development at CBOE. They discuss: What is Kapil's role at CBOE since the merger? How will the four options exchanges fit...
Posted May 23rd, 2017

Recorded live at the 2017 Options Industry Conference, Mark is joined by Kapil Rathi, Senior Vice President of Options Business Development at CBOE.

They discuss:

  • What is Kapil's role at CBOE since the merger?
  • How will the four options exchanges fit together?
  • Thinking outside of the box
  • Is he pro or con on auctions?
  • The pressure on liquidity providers
  • Complex order books and getting them to communicate with each other
  • Innovations coming from CBOE

Options Insider Radio Interviews: Talking Backtesting, Liquidity and More with ORATS

Recorded live at the 2017 Options Industry Conference, Mark is joined by Matt Amberson, Principal and Founder of ORATS They discuss: His history in the options industry Unique gamma scalping applications for each underlying Is there a secret sauce to...
Posted May 22nd, 2017

Recorded live at the 2017 Options Industry Conference, Mark is joined by Matt Amberson, Principal and Founder of ORATS

They discuss:

  • His history in the options industry
  • Unique gamma scalping applications for each underlying
  • Is there a secret sauce to options backtesting?
  • Forward testing backtesting
  • Creating your own signals
  • Getting RIAs to use options in their portfolios
  • Getting past the gatekeepers
  • What are the biggest requests they receive for backtesting
  • Ongoing concentration of liquidity in just a few names
  • Does exchange fragmentation perpetuate the liquidity crisis?
  • Auctions: pro or con?

Advisors Option 55: The Truth About Options Backtesting

In this episode, Mark is joined by co-hosts: Chris Hausman, Portfolio & Chief Technical Strategiest, Swan Global Investments Aash Vyas, Director of Portfolio Strategy and Overlays, Swan Global Investments Matt Amberson, Principal, Option Research...
Posted May 22nd, 2017

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

  • Chris Hausman, Portfolio & Chief Technical Strategiest, Swan Global Investments
  • Aash Vyas, Director of Portfolio Strategy and Overlays, Swan Global Investments
  • Matt Amberson, Principal, Option Research & Technology Services.

Tricks of the Trade: Looking at Options Backtesting

  • What is it?
  • Options vs. Stocks: Why is it so difficult to backtest options effectively?
  • What are some common mistakes that are made when attempting to backtest options?
  • Are some options strategies easier to backtest than others?
  • How do you deal with assumptions when backtesting options?
  • How can advisors use backtesting to test the efficacy of their options strategies?

The Buzz: A recap of the 2017 OIC Conference. Cerulli study says financial advisors who currently use options expect to increase use of options by 30% in three years.

Office Hours: Options Question of the week

This volatility implosion is starting to make people nervous. It's VIX limbo time: How Low Can It Go in 2017?

Currently:

  • 38% - 9.0 is the Bottom
  • 18% - No lower than 8.5
  • 15% - Cannot get below 8.0
  • 29% - <8 = Lookout Below!

Listener Questions:

  • Question from Aidan Chance - I heard you guys discussing the problem of lumping options funds and strats into the alts ghetto on the last show. I understand your complaints. What do you think would be a better category to gauge options performance?
  • Question from Steve - With the VIX so low, I am not selling a lot of options anymore, because I'm afraid that I will not collect enough premium. Am I thinking of this incorrectly?

Talking Complex Order Books, Auctions and Market Makers with Nasdaq

Recorded live at the 2017 Options Industry Conference, Mark is joined by Kevin Kennedy, Senior Vice President and Head of US Options at Nasdaq. They discuss: Updates from the launch of the new PHLX trading floor Attracting more complex orders Will...
Posted May 22nd, 2017

Recorded live at the 2017 Options Industry Conference, Mark is joined by Kevin Kennedy, Senior Vice President and Head of US Options at Nasdaq.

They discuss:

  • Updates from the launch of the new PHLX trading floor
  • Attracting more complex orders
  • Will this spark a new floor revolution?
  • How many exchanges are too many exchanges?
  • The growing importance of complex order books
  • Integrating the six exchanges together
  • The trend towards passive investments
  • Growing the pie
  • Attracting new market participants
  • Outreach efforts, especially with regard to education
  • The concentration of liquidity in just a few names
  • Leveraging the interest in ETFs into interest in ETF options
  • The debate on auctions
  • What can the industry do to safeguard market makers

Options News Rundown: May 22, 2017

Options news you can use for Monday, May 22, 2017
Posted May 22nd, 2017

Options news you can use for Monday, May 22, 2017


Options Insider Radio Interviews: Talking the Market Data Landscape with the Multi Asset Solutions Group

Live (to tape) from the 2017 Options Industry Conference, Mark is joined by Cathy Clay, Global Head of Information Solutions at Multi Asset Solutions Group. They discuss: What comprises the Multi Asset Solutions Group? The move from San Francisco to...
Posted May 22nd, 2017

Live (to tape) from the 2017 Options Industry Conference, Mark is joined by Cathy Clay, Global Head of Information Solutions at Multi Asset Solutions Group.

They discuss:

  • What comprises the Multi Asset Solutions Group?
  • The move from San Francisco to Chicago
  • The CBOE/Bats integration
  • What is on the radar for the Multi Asset Solutions Group?
  • The upcoming release of the volatility data suite through the Data Shop
  • What LiveVol Pro upgrades can users expect?
  • The shift from Flash to HTML5
  • The addition of futures to the platform
  • What is the Data Shop and how is it being used?

Options Insider Radio Interviews: Talking Mobile Access, M&A, and More with optionsXpress

In this episode, Mark is live (to tape) at the 2017 Options Industry Conference. He is joined by Jack Boyle, Vice President of Broker-Dealer Services at optionsXpress. They discuss: What does the vice president of broker-dealer services do? Updates...
Posted May 19th, 2017

In this episode, Mark is live (to tape) at the 2017 Options Industry Conference. He is joined by Jack Boyle, Vice President of Broker-Dealer Services at optionsXpress.

They discuss:

  • What does the vice president of broker-dealer services do?
  • Updates on merging the trading platforms
  • Reviewing commission structures
  • What is behind the dhanges in the retail space
  • The impact of low volatility
  • The need for options education
  • Expanding outreach
  • Upgrades to the trading platform
  • Mobile access
  • Is there more broker M&A to be had?

Live from OIC 2017: Presentation of the Sullivan Award to Gina McFadden

Gina McFadden was President of The Options Industry Council (OIC) from 2006 to 2013. She was OIC's Executive Director from 1995 to 2006. Concurrent with her OIC position, she was also a member of The Options Clearing Corporation's (OCC) senior...
Posted May 19th, 2017

Gina McFadden was President of The Options Industry Council (OIC) from 2006 to 2013. She was OIC's Executive Director from 1995 to 2006. Concurrent with her OIC position, she was also a member of The Options Clearing Corporation's (OCC) senior management team, serving as Executive Vice President of Industry Services. Prior to that, she was Executive Vice President of OCC's Business Operations Group and Business/Product Development.

Active on various industry committees and organizations including OIC's Roundtable, OCC's Operations Roundtable, SIFMA's Equity Options Roundtable, the STA Options Committee and the Futures Industry Association, she was also an inaugural board member of Women in Listed Derivatives (WILD), a professional development group for women.

Gina completed the Kellogg Management Institute Graduate Program at Northwestern University and SIA?s Securities Institute Program at the Wharton School. She has a B.A. from Barat College.

After almost forty years in the options industry, Gina retired in 2013. She lives with her husband Marty in Chicago and Boca Grande, Florida, where she is on the board of the Boca Grande Art Center and active in other community and educational organizations.

The Sullivan Awards named for Joseph W. Sullivan to recognize outstanding contributions in the options industry. Mr. Sullivan provided the vision and leadership to make listed options a reality and played a key role in the development of the Chicago Board Options Exchange, serving as its first president from 1972 until 1979.

The Sullivan Award was established in 2002 by the Options Industry Council and has become a regular feature of the Options Industry Conference program. The award acknowledges an individual?s achievement as measured by contributions to education, innovation and product development, and in helping to grow the industry.

Gina McFadden, a long-time leader in the U.S. listed equity options industry, will be the first woman to receive the award. The past Sullivan Award recipients have been Joseph Sullivan himself, Wayne P. Luthringshausen, Paul G. Stevens, Jr., Ivers W. Riley, Thomas Peterffy, Jeffery S. Yass, David Krell, William J. Brodsky, William A. Porter, Lawrence G. McMillan, Edward J. Joyce, Meyer Sandy Frucher, Blair Hull and Robert E. Whaley.


Option Block 621: Stumping The RockLobster With Vertical Spreads

Trading Block: Still in earnings season. Yesterday: Target, Cisco. Today: Alibaba, Walmart, Gap. GAP (GPS) - $23.13, ATM Straddle: $1.85, approx. 8% BABA - $120.72, ATM Straddle $6, approx. 5% Dow moves higher amid Trump fears following worst drop of...
Posted May 19th, 2017

Trading Block: Still in earnings season. Yesterday: Target, Cisco. Today: Alibaba, Walmart, Gap.

Odd Block: Calls trade in Pandora Media Inc (P), calls trade in SBA Communications Corp (SBA) and calls trade in Kimberly Clark Corp (KMB)

Strategy Block: Mike discusses his adjustment in his silver collar.

Mail Block/Options question of the week:

There are still a lot of big names reporting in earnings season. Which ones are on your options watchlist this week?

  • Walmart, $WMT
  • Alibaba, $BABA
  • Home Depot, $HD
  • Cisco, $CSCO

Listener questions:

  • Question from Andrew McNichol: Big fan of your Options Bootcamp podcast. I appreciate how you start at square 1 and then walk listeners through every element of options and options trading. Is there another podcast you recommend that does the same but for stocks? Most of the ones I have found are all about what is hot now, or stock picking tips. Essentially, I am looking for a stock trading 101 podcast. If you do not know of any such podcast, what is the best stock 101 book? Thanks!
  • Question from Ejh4isu: If I buy/sell a vertical on SPX (or any equity stock for that matter) and hold until expiration, and SPX settles between the strikes, what happens? Example: sell 2395/2400 and SPX settles at 2397.

Around the Block/This Week in the Market:

  • May 18: Jobless Claims

Options News Rundown: May 19, 2017

Options news you can use for Friday, May 19, 2017
Posted May 19th, 2017

Options news you can use for Friday, May 19, 2017


Live from OIC 2017: Europe: Like Us but Different

A panel of experts addressed the European hot topics that could impact U.S. options markets. What are the pain points for those seeking to participate in our markets? What are the opportunities? What?s going on with the mega exchange mergers?...
Posted May 19th, 2017

A panel of experts addressed the European hot topics that could impact U.S. options markets. What are the pain points for those seeking to participate in our markets? What are the opportunities? What?s going on with the mega exchange mergers? Regulation. Brexit. The structure of the European market. All this and more.

Moderator: Gary Delany, OIC

  • Frank Magnani, Interactive Brokers
  • Georgio Stoev, Saxo Bank

Options Insider Radio Interviews: Talking Options for RIAs and Millennials with Aash Vyas

When Mark was at the 2017 Options Industry Conference, he was able to interview several industry leaders. In this episode, he is joined by Aash Vyas, Director of Portfolio Strategy and Overlays, Swan Global Investments. They discuss: Big picture...
Posted May 18th, 2017

When Mark was at the 2017 Options Industry Conference, he was able to interview several industry leaders. In this episode, he is joined by Aash Vyas, Director of Portfolio Strategy and Overlays, Swan Global Investments.

They discuss:

  • Big picture takeaways from the conference
  • Integrating the needs of financial advisors into the program
  • What are the objections to using options for RIAs?
  • The impact of millennials on the options space
  • The two sides of the political spectrum
  • The concentration of volume in a few names

Live from OIC 2017: Options and the Financial Advisor

Experienced Financial Advisors shared how they have integrated options into their practice to differentiate themselves from their competition and grow their client base. Moderator: Gary Franklin, Raymond James Paul Feinstein, First Republic...
Posted May 18th, 2017

Experienced Financial Advisors shared how they have integrated options into their practice to differentiate themselves from their competition and grow their client base.

Moderator: Gary Franklin, Raymond James

  • Paul Feinstein, First Republic Investment Management
  • Edward Gesten, Morgan Stanley Wealth Management
  • Jack Gunter, Merrill Lynch

Live from OIC 2017: Taking Stock

Steve Sears, Senior Editor and columnist with Barron?s, conducted a fireside chat with Craig Donohue, Executive Chairman and CEO of OCC, on the evolution of the options industry and OCC?s role as an important market utility and industry advocate.
Posted May 18th, 2017

Steve Sears, Senior Editor and columnist with Barron?s, conducted a fireside chat with Craig Donohue, Executive Chairman and CEO of OCC, on the evolution of the options industry and OCC?s role as an important market utility and industry advocate.


Live from OIC 2017: Exchange Leaders Panel

Moderator: Andy Nybo Ed Boyle, BOX Options Exchange Andy Lowenthal, CBOE Shelly Brown, MIAX Kevin Kennedy, Nasdaq Ivan Brown, NYSE
Posted May 18th, 2017

Moderator: Andy Nybo

  • Ed Boyle, BOX Options Exchange
  • Andy Lowenthal, CBOE
  • Shelly Brown, MIAX
  • Kevin Kennedy, Nasdaq
  • Ivan Brown, NYSE

Options Playbook Radio 158: Listener Question Palooza, Part Two

It's all listener questions in this special edition of Options Playbook Radio. Question from JDog - I just got an options pitch that says that options buyer lose money on 7 out of every 10 trades. Is that true? Question from Alan Shepard - Why would...
Posted May 18th, 2017

It's all listener questions in this special edition of Options Playbook Radio.

  • Question from JDog - I just got an options pitch that says that options buyer lose money on 7 out of every 10 trades. Is that true?
  • Question from Alan Shepard - Why would I ever buy an option when 90% of them expire worthless?
  • Question from Lesnod - How do you get out of the straddles? One side of a straddle is always a loss correct?
  • Question from Bob - Concerning options: I have been told to take an ATM call and put, add them together and that is the expected move. Is that correct?

If you have questions for Brian, send them to [email protected].


Options News Rundown: May 18, 2017

Options news you can use for Thursday, May 18, 2017
Posted May 18th, 2017

Options news you can use for Thursday, May 18, 2017


Live from OIC 2017: How Financial Advisors Use and Think About Exchange-listed Options

For the first time, the Options Industry Council and Cerulli Associates team up to provide the investing community with a new benchmark study on the current state of how and why financial advisors implement exchange-listed options in client investment...
Posted May 18th, 2017

For the first time, the Options Industry Council and Cerulli Associates team up to provide the investing community with a new benchmark study on the current state of how and why financial advisors implement exchange-listed options in client investment portfolios. Cerulli Senior Analyst Emily Sweet presented key findings of the just-released study which examines how top advisors are using options, why others are not, and opportunities for the industry to broaden adoption of their use.


Options Insider Radio Interviews: Talking Options Taxation, Regulation and Education with Craig Donohue

Mark recently attended the 2017 Options Industry Conference, where he was joined by Craig Donohue, Executive Chairman and CEO of the Options Clearing Corporation. They discuss: What brought Craig back to derivatives and The OCC? The evolution of OCC...
Posted May 17th, 2017

Mark recently attended the 2017 Options Industry Conference, where he was joined by Craig Donohue, Executive Chairman and CEO of the Options Clearing Corporation.

They discuss:

  • What brought Craig back to derivatives and The OCC?
  • The evolution of OCC into regulatory and oversight roles
  • Craig's history with leading large transformations within existing companies
  • The possibility of rolling back regulations
  • Migrating other products to central counterparty clearing
  • The difference between regulated and unregulated derivatives
  • The fight to allow listed options in IRAs and other regulatory struggles
  • What are the origin for leaving options off the list?
  • What is on his radar for the future?
  • Potential taxation implications with transaction taxes and more
  • How many exchanges are too many exchanges?
  • The concentration of liquidity in a few names
  • The need for investor education

Live from OIC 2017: State of the Options Industry

Henry Schwartz, President, Trade Alert, LLC, provides a detailed look at recent trends and current hot issues in today?s options markets. The discussion focused on how automation, fragmentation, and competition are impacting the diverse mix of...
Posted May 17th, 2017

Henry Schwartz, President, Trade Alert, LLC, provides a detailed look at recent trends and current hot issues in today?s options markets. The discussion focused on how automation, fragmentation, and competition are impacting the diverse mix of participants in today?s option market landscape.


Live from OIC 2017: Fireside Chat

Frank Tirado, OIC Amy Lawson, OCC Jim Toes, Security Traders Association Paul Jiganti, SIFMA Options Committee
Posted May 17th, 2017

Frank Tirado, OIC

  • Amy Lawson, OCC
  • Jim Toes, Security Traders Association
  • Paul Jiganti, SIFMA Options Committee

Live from OIC 2017: Exchange Updates

Patty Schuler, BOX Options Exchange William Looney, CBOE Joe Bracco, MIAX Options Tanya Patwa, Nasdaq Mark Krommenhoek, NYSE
Posted May 17th, 2017
  • Patty Schuler, BOX Options Exchange
  • William Looney, CBOE
  • Joe Bracco, MIAX Options
  • Tanya Patwa, Nasdaq
  • Mark Krommenhoek, NYSE

Options News Rundown: May 17, 2017

Options news you can use for Wednesday, May 17, 2017.
Posted May 17th, 2017

Options news you can use for Wednesday, May 17, 2017.


Live from OIC 2017: Impact of Millennials on the Options Industry

A recent survey revealed that 62% of Millennials said they have investment accounts but just 9% of Millennials said they consider themselves investors. Industry experts will share their experiences in reaching, educating and working with this...
Posted May 17th, 2017

A recent survey revealed that 62% of Millennials said they have investment accounts but just 9% of Millennials said they consider themselves investors. Industry experts will share their experiences in reaching, educating and working with this critically important demographic.

Moderator: Ian Rosen, StockTwits

  • Tony Zhang, OptionsPlay
  • Kristi Ross, tastytrade
  • Mary Ryan, TD Ameritrade

Live from OIC 2017: Options on ETFs Panel

ETFs represent over $2.65 trillion in AUM. Options on ETFs comprise ~42% of the exchange listed options volume. Seven of the Top 10 listed options symbols are on ETFs. Options experts from three ETF issuers shared their insights on further improving...
Posted May 16th, 2017

ETFs represent over $2.65 trillion in AUM. Options on ETFs comprise ~42% of the exchange listed options volume. Seven of the Top 10 listed options symbols are on ETFs. Options experts from three ETF issuers shared their insights on further improving the ETF option industry ecosystem, how they drive investor demand for options on ETFs, and how option market makers have improved their ability to quote options on ETFs by pricing the ETF basket in real time.

Moderator: Douglas Yones, NYSE

  • Parag Shah, BlackRock
  • Dave LaValle, State Street Global Advisors
  • Steven Oh, Van Eck

Live from OIC 2017: Washington Outlook Panel

Exchange and clearinghouse Washington representatives discussed current legislative and regulatory dynamics and proposals impacting the listed options industry. Moderator: Julie Bauer, OCC Lita Frazier-Brannan, CBOE Hope Jarkowski, ICE Jeff Strunk,...
Posted May 16th, 2017

Exchange and clearinghouse Washington representatives discussed current legislative and regulatory dynamics and proposals impacting the listed options industry.

Moderator: Julie Bauer, OCC

  • Lita Frazier-Brannan, CBOE
  • Hope Jarkowski, ICE
  • Jeff Strunk, Forbes Tate

Live from OIC 2017: Perspectives from Capitol Hill

OCC Executive Chairman and CEO Craig Donohue spoke with Congressman Tom Reed (R-NY 23rd District) about the outlook for Congressional action in 2017 and the most significant items on the Hill's agenda.
Posted May 16th, 2017

OCC Executive Chairman and CEO Craig Donohue spoke with Congressman Tom Reed (R-NY 23rd District) about the outlook for Congressional action in 2017 and the most significant items on the Hill's agenda.


Option Block 620: Earnings, Questions, OIC Breakdown and More

Trading Block: A bull rally in the market. A short breakdown of the OIC 2017 Conference in Scottsdale, AZ. Earnings Highlights: Tuesday - Home Depot Wednesday - Target Thursday - Alibaba, Walmart, Gap Odd Block: Calls trade in Fairmount Santrol...
Posted May 16th, 2017

Trading Block: A bull rally in the market. A short breakdown of the OIC 2017 Conference in Scottsdale, AZ.

Earnings Highlights:

  • Tuesday - Home Depot
  • Wednesday - Target
  • Thursday - Alibaba, Walmart, Gap

Odd Block: Calls trade in Fairmount Santrol Holdings (FMSA), calls trade in Ocwen Financial Corp (OCN) and calls trade in Home Depot Inc (HD).

Mail Block: Questions, comments, polls and more.

Options Question of the Week: Still a lot of big names reporting in earnings season. Which ones are on your options watchlist this week?

  • Walmart, $WMT
  • Alibaba, $BABA
  • Home Depot, $HD
  • Cisco, $CSCO

Listener question:

  • Question from Abdallah Badwan - Hey I am new to options but I have been studying them for awhile and the only thing I don't understand is how do I know what stocks to choose if I want short term gains. In other words I want to be a short term investor and I want to know how to narrow down the stocks I want to invest in on a daily basis. How do I make a watchlist of stocks that I can invest in on a daily basis for short term gains.

Around the Block/ This Week in the Market:

  • May 15: Treasury International, Housing Market Index
  • May 16: Housing Starts, Industrial Production
  • May 18: Jobless Claims

Options News Rundown: May 16, 2017

Options news you can use for Tuesday, May 16, 2017
Posted May 16th, 2017

Options news you can use for Tuesday, May 16, 2017


Volatility Views 254: Live from OIC 2017

Mark, Russell and Henry are live (to tape) at the annual Options Industry Conference. They took some time away from the pool to give our listeners the scoop on volatility. Volatility Review: Henry delivered some of the highlights of the conference....
Posted May 15th, 2017

Mark, Russell and Henry are live (to tape) at the annual Options Industry Conference. They took some time away from the pool to give our listeners the scoop on volatility.

Volatility Review: Henry delivered some of the highlights of the conference. The concentration of volume in a few names, aka the 80-20 rule. The impact of fragmentation on volume. The heavy percentage of complex orders of overall volume. The buzz about a WSJ article on the decline of options volume and the stats that dispel that idea. The opportunities being generated by complex order books. Are we looking at coopertition? VIX below 10: what does it mean? Is there really a new supply of premium sellers? How much pain can they stand, and how will that impact the market?

Russell's Weekly Rundown: What did Russell notice this week?

  • It's the week before standard VIX expiration
  • Crazy spreads
  • Top ten strikes of the week

Best of This Week in Futures Options: How to Trade Commodity Volatility

We're going back into the TWIFO archives to bring you a best of episode. This one was a fan favorite: How to Trade Commodity Volatility
Posted May 15th, 2017

We're going back into the TWIFO archives to bring you a best of episode. This one was a fan favorite: How to Trade Commodity Volatility


Options News Rundown: May 15, 2017

Options news you can use for Monday, May 15, 2017
Posted May 15th, 2017

Options news you can use for Monday, May 15, 2017


Option Block 619: Look Out Below

Trading Block: Yesterday's earnings: SNAP. Today's Earnings: Macys, Kohls, Nordstrom. Strategy Block: Uncle Mike Tosaw discusses horizontal ratio spreads Mail Block: Listener questions and comments Options Question Of The Week: This volatility...
Posted May 12th, 2017

Trading Block: Yesterday's earnings: SNAP. Today's Earnings: Macys, Kohls, Nordstrom.

Strategy Block: Uncle Mike Tosaw discusses horizontal ratio spreads

Mail Block: Listener questions and comments

Options Question Of The Week: This volatility implosion is starting to make people nervous. $VIX #Limbo Time: How Low Can It Go in 2017?

  • 9.0 is the bottom (38%)
  • No lower than 8.5 (18%)
  • Cannot get below 8.0 (15%)
  • <8.0, Lookout below! (29%)
  • Question from Fund Concept: Doubt that Trump will get rid of H1Bs considering global talent is crucial for U.S economy. Any thoughts?

Around the Block/This Week in the Market:

  • May 11: Jobless Claims, PPI
  • May 12: Consumer Price Index, Retail Sales, Consumer Sentiment

Options News Rundown: May 12, 0217

Options news you can use for Friday, May 12, 2017
Posted May 12th, 2017

Options news you can use for Friday, May 12, 2017


Options Playbook Radio 158: Huddle Palooza, Part 1

It's all listener questions in this episode of Options Playbook Radio. Do you have questions that you would like answered on the show? Send them to Brian at [email protected] Question from JLaws: My dad is coming over to the dark side...
Posted May 11th, 2017

It's all listener questions in this episode of Options Playbook Radio. Do you have questions that you would like answered on the show? Send them to Brian at [email protected].

  • Question from JLaws: My dad is coming over to the dark side slowly but surely/ He is thinking about dipping his toes in the options pool. What product do you recommend for an options newcomer making his first trade?
  • Question from Sharkcake: I have been approved to trade options by my Brokerage but I have yet to execute my first trade. What trade do you recommend?
  • Question from Meats: Would you describe successful options trading as primarily singles and doubles or more swing-for-the-fences home runs?
  • Question from Mary: What is the shortest expiry available for plain vanilla options?

The Options News RundownAudio

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

The Options Insider Radio NetworkAudio

All of our radio programs in one convenient place.

Options Insider RadioAudio

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

The Option BlockAudio

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

Volatility ViewsAudio

The premier radio program for volatility traders.

The Long And Short Of Futures OptionsAudio

Your source for futures options information.

The Advisor's OptionAudio

Arming advisors with the info necessary to manage risk.

Options Boot CampAudio

Get into peak options trading shape.

Options Insider Special EventsAudio

Compelling panel & special event recordings from the options world.

OIC's Wide World of OptionsAudio

A dynamic mix of current events, investor resources, & strategy insights.

Trading Tech TalkAudio

We break down all the amazing technology that takes your trades from the click of a mouse to the clearinghouse.

Options Playbook RadioAudio

Break down cutting-edge options strategies and learn how to incorporate them into your portfolio

Options OdditiesAudio

We track all the unusual options trading activity on Options Oddities.

This Week in Futures OptionsAudio

The program designed to help active futures options traders stay on top of this ever-changing marketplace. 

The Business ShowAudio

If you like business, if you like humor, if you like stock symbols, this is the podcast for you.
x

The Options Insider Radio Network

The Options News Rundown

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

The Options News Rundown

The Options Insider Radio Network

All of our radio programs in one convenient place.

The Options Insider Radio Network

Options Insider Radio

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

Options Insider Radio

The Option Block

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

The Option Block

Volatility Views

The premier radio program for volatility traders.

Volatility Views

The Long And Short Of Futures Options

Your source for futures options information.

The Long And Short Of Futures Options

The Advisor's Option

Arming advisors with the info necessary to manage risk.

The Advisor's Option

Options Boot Camp

Get into peak options trading shape.

Options Boot Camp

Options Insider Special Events

Compelling panel & special event recordings from the options world.

Options Insider Special Events

OIC's Wide World of Options

A dynamic mix of current events, investor resources, & strategy insights.

OIC's Wide World of Options

Trading Tech Talk

We break down all the amazing technology that takes your trades from the click of a mouse to the clearinghouse.

Trading Tech Talk

Options Playbook Radio

Break down cutting-edge options strategies and learn how to incorporate them into your portfolio

Options Playbook Radio

Options Oddities

We track all the unusual options trading activity on Options Oddities.

Options Oddities

This Week in Futures Options

The program designed to help active futures options traders stay on top of this ever-changing marketplace. 

This Week in Futures Options

The Business Show

If you like business, if you like humor, if you like stock symbols, this is the podcast for you.

The Business Show

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