Options Industry

Volatility Views 280: Tapping the Secret Sources of VIX Info


Do we reveal the secret sources of VIX info? You have to tune in to find out.

Download Volatility Views 280: Tapping the Secret Sources of VIX Info

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

  • VIX cash: VIX briefly flirted with 12
  • VVIX: 98.5 - 7 points higher than last week
  • CBOE SKEW Index: 129 - 8 points higher than last week
  • VXN: 15.04 - .5 points higher than last week

Russell's Weekly Rundown:

VIX Options:

  • ADV - 758k
  • Thurs - 1m
  • Weds - 632k
  • Tues - 899k
  • Mon - 442k
  • VIX call/put: 3.8 - Russell is nervous

Hot VIX strikes

  • 710842 .VIX Dec 20th 25.0 C, chg +67163
  • 515136 .VIX Dec 20th 15.0 C, chg -1377
  • 400697 .VIX Nov 15th 20.0 C, chg +5029
  • 372447 .VIX Dec 20th 12.0 P, chg +829
  • 334283 .VIX Nov 15th 21.0 C, chg -5413
  • 308546 .VIX Dec 20th 22.0 C, chg +4167
  • 263899 .VIX Nov 15th 17.0 C, chg +11157
  • 240963 .VIX Dec 20th 20.0 C, chg +7087
  • 226612 .VIX Nov 15th 15.0 C, chg -3270
  • 222571 .VIX Dec 20th 17.0 C, chg +4591
  • Total 12.7m (10.1m Calls, 2.61m Puts)

VXX: 34 - almost unchd from last week

Top VXX positions

  • 114719 VXX Jan19 10.0 P, chg +22
  • 75429 VXX Jan 10.0 P (Nonstd VXX2), no chg
  • 75157 VXX Jan19 5.0 P (Nonstd VXX2), no chg
  • 60900 VXX Jan 5.0 P (Nonstd VXX2), no chg
  • 55450 VXX Jan 5.0 P (Nonstd VXX1), no chg
  • 55150 VXX Mar 24.0 P, chg +408
  • 49560 VXX Jan 7.0 P (Nonstd VXX2), no chg
  • 46458 VXX Nov 38.0 C, chg -1763
  • 43537 VXX Jan 20.0 C (Nonstd VXX2), no chg
  • 43457 VXX Jan 8.0 P (Nonstd VXX2), chg +6
  • Total 3.88m (1.78m Calls, 2.10m Puts)

Volatility Voicemail: Listener questions and comments

Options question of the week: Trading #Options during #Earnings is a coin flip. But you know you love to do it. What's your #Earnings #Options MO?

  • Buy Calls/Call Spreads
  • Buy Puts/Put Spreads
  • Sell Puts/Put Spreads
  • Fly/Iron Fly/ Iron Cond.

Listener questions and comments

  • Comment from TMal: Big options sell firm gain AUM as they do well. They are another "natural seller" of options (weekly and monthly).
  • Question from Chris Thomas: Hey guys. Trading a long calendar on VIX is a bad idea in that what you pay isn't the max loss. It's possible for the closer expiration to experience a larger move than the back month and thus you can lose more than you make? I believe I understand that correctly so my actual question is, is this true for SVXY and VXX? Thanks for imparting your knowledge so us plebeians can learn.
  • Question from Encinoj: Here’s my time strangle trade idea for VIX. Buy 1-2 yr VXX 20% OTM puts and also buy approx. 3 mth. 20% OTM VIX calls.

Crystal Ball: Wild prognostication ensues

Last week:

  • Andrew: 9.99
  • Russell: 8.95
  • Mark L: 9.55

This week:

  • Mark S.: 9.99
  • Russell: 9.15
  • Mark L.: 9.65

About Mark S. Longo


Mark S. Longo is the founder of The Options Insider Inc. - a firm dedicated to providing free options information, education, news and analysis for options users. Whether it's on TheOptionsInsider.com, a leading online options destination; through Options Insider Radio, the world's only radio network for options users; or through a growing number of newsletters and live events, Mr. Longo continues to provide new ways to spread the word about options.Mr. Longo's analysis of the options market has appeared in a wide variety of domestic and international publications, including The Wall Street Journal, Financial Times, Reuters, Futures Magazine, and more. As one of the few industry commentators with practical options experience, he has developed a substantial following among industry veterans and newcomers looking for insight into this complex market. Mr. Longo began his career as an options trader on the floor of the Chicago Board Options Exchange.

Author's web site: http://www.theoptionsinsider.com


View Mark S. Longo's post archive >

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

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The Options Insider Radio Network

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Get into peak options trading shape.

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OIC's Wide World of Options

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

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

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