Featured Interview
Options Insider Radio Interviews: Diving into Controversy with MIAX
Posted May 14th, 2018
When Mark was in Florida for the 2018 Options Industry Conference, he had a chance to sit down with Shelly Brown, Executive Vice President of Strategic Planning and Joe Bracco, Senior Vice President and Head of Sales at MIAX.
They discussed:
- The proposal for the third MIAX exchange
- Addressing the critiques
- What does MIAX bring to the market?
- Why competition matters
- What about the liquidity issue?
- Penny pricing
- Thoughts on auctions
- And more...
Upcoming Economic Reports
A preview of what may move the market this week
| TIME (ET) |
REPORT |
PERIOD |
FORECAST |
PREVIOUS |
| MONDAY, OCT. 8 |
| |
None scheduled - Columbus Day |
|
|
|
| TUESDAY, OCT. 9 |
| 6:00 AM |
NFIB small-business index |
Sept. |
-- |
108.8 |
| WEDNESDAY, OCT. 10 |
| 8:30 AM |
Producer price index |
Sept. |
0.20% |
-0.10% |
| 10:00 AM |
Wholesale inventories |
Aug. |
-- |
0.60% |
| THURSDAY, OCT. 11 |
| 8:30 AM |
Weekly jobless claims |
6-Oct |
206,000 |
207,000 |
| 8:30 AM |
Consumer price index |
Sept. |
0.20% |
0.20% |
| 8:30 AM |
Core CPI |
Sept. |
0.20% |
0.10% |
| 2:00 PM |
Federal budget |
Sept. |
-- |
$8 bln |
| FRIDAY, OCT. 12 |
| 8:30 AM |
Import price index |
Sept. |
-- |
-0.60% |
| 10:00 AM |
Consumer sentiment index |
Oct. |
100.6 |
100.1 |
Options Insider Radio Network
Episodes you may have missed from Options Insider Radio last week
Posted October 19th, 2018
Trading Block: What a week - volatility is coming back down, and the crystal ball is looking nice! Dow tumbles 350 points as technology and communication-services stocks tank in midday trading.
Odd Block: Tesla put summary, funky put palooza in General Electric Company (GE), put sale in Activision Blizzard Inc. (ATVI) and call palooza in KeyCorp (KEY).
Mail Block: Options question of the week
Time to break out your crystal balls. Volatility is on everyone's mind these days. Will earnings season add to the growing storm? Or will cooler heads prevail this week? Quite simply - Where will $VIX close this Friday 10/19?
- Here: 19-22
- Higher: > 22
- Lower: 17-18.99
- Even Lower: <17
Listener questions and comments:
- Question from N45 - When is it not worth closing out losing long options positions and just keep them on as lottery ticket flyers? Is it a nickel?
- Comment from Mark Brant - SPX -4d/-6d/+8d Calendar Ratio Straddle div +35% PREMIUM! Easily getting filled at the mid-point. Also sold SNAP 41d $7 Puts 0.81! Just get the crash over with. Why drag it out for years? Also bought June 2020 TSLA $10 puts for a buck!
Around the Block/This Week in the Markets:
- Oct 19: Existing Home Sales
Posted October 19th, 2018
Topics this week include:
- Energy/Crude
- Equities
- Metals/Gold
- Rates
- Ags
Futures Options Feedback: Listeners take over
- Question from Mate7 - Good talk on ex. and settle on last show. I'm looking over the CME website option specs pages and I don't see many American style contracts. Why does CME use so many European contracts? Are they against early exercise?
Posted October 18th, 2018
Huddle up, listeners. It's time for Mark and Brian to answer your questions.
- Question from BuseKrus D - New to options, and working with a small account size. Looked to put on a trade with a strategy from the playbook (Christmas tree butterfly I think) with a 57-60-66 2x3x1 call fly for a total debit of 1.30. I've always heard that for a defined risk debit trade the max risk is the amount paid. However, the brokerage was saying I needed around 740 in my account to be able to put on the trade. Is there an explanation? Is the capital required to put on a trade greater than the possible max loss on defined risk debit spreads? Thanks.
- Question from Ron S6 – What’s your suggested minimum account size to start trading options?
- Question from Lance Everett: Hello again Brian. Still enjoying the options playbook radio program. It's my quick options education fix for the week. I listen on my commute to work every Thursday. I have a few questions for your next Huddle episode if don't mind. If you can only answer one then that's fine too.
- You talked front spreads on episode 227. Do you ever use more traditional ratio spreads- outside of repair scenarios, of course? Bonus points if you know where the term front spread came from.
- What are your thoughts on the crypto boom? No options yet but they are coming. Is Ally planning to jump on the train?
- Do you ever use short calendars - so selling longer term and buying the near term?
- Is there a sequel to the playbook in the works? Although the show is kind of like an ongoing live update/ sequel so that's probably better. Thanks again for making my Thursdays fun and informative.
Posted October 17th, 2018
In this episode, Mark is joined by Sahak Manuelian, Managing Director of Equity Trading at Wedbush Securities.
They discuss:
- What services does Wedbush offer?
- Covering the healthcare, consumers, tech and financial sectors
- Biotech's insulation from trade war concerns
- Is it a stock-pickers market?
- Passive investing versus active stock selection
- The explosion of ETF offerings
- Market fragmentation
- The importance of talking to policymakers
- Tick pilot
- And more...
Posted October 16th, 2018
Trading Block: What a week! Uncle Mike leaves and the market falls apart. Earnings move reports available now. Chinese operatives were able to infiltrate motherboards made by a US company that sold to Apple and Amazon: Bloomberg
Odd Block: TSLA 50 mystery put update. Plus, TSLA put palooza.
Strategy Block: Uncle Mike Tosaw discusses how to get bullish in a market like this. 20,360 RRC Jan20 13.0 puts traded for $1.19. 3599 HBAN Nov 15.0 calls trade for $0.24. 2000 LPI Nov 7.0 calls traded for $0.21.
Mail Block: Options Flash Poll
Time to break out your crystal balls. Volatility is on everyone's mind these days. Will #EarningsSeason add to the growing storm? Or will cooler heads prevail this week? Quite simply - Where will $VIX close this Friday 10/19?
- Here: 19-22
- Higher: > 22
- Lower: 17 - 18.99
- Even Lower: < 17
Around The Block/ This Week in the Markets
- Oct 15: Retail Sales
- Oct 16: Industrial Production, JOLTS
- Oct 17: Housing Starts, FOMC Minutes
- Oct 18: Jobless Claims
- Oct 19: Existing Home Sales
Posted October 15th, 2018
Volatility Review: VIX Cash - 22.35, 6 point from last show, up nearly 10 points from two weeks ago. VVIX - 126, 15 handles higher than last show, 34 higher than two weeks ago. VIX Options - ADV: 541k, VIX call/put: 2.7/1, Total 9.53m (6.93m Calls, 2.60m Puts), VXX - 35.65, 9 points higher than last show.
Volatility Voicemail: Listener questions and comments
- Comment from DelVecchio - Dude WTF #VIX.
- Comment from XXX - "THERE IS A SPECIAL PLACE IN HELL FOR PEOPLE WHO QUOTE VIX AS A PERCENT."
- Comment from Martin Ryan - XIV imploded. TVIX is alive and kicking - I've used it for years. The other options have their advantages and disadvantages too - good luck trying to get a reasonable fill from options traders in a fast market. At least with an ETF or ETN I have liquidity...
- Question from Grigs - Why would shorting volatility during VIX futures contango fail?
- Question from JasonNolk - Suggestions on how to be best net neutral here?
Crystal Ball: Wild and reckless prognostication
Last week:
- Mark L. - 12.55
- Andrew - 13.25
This week:
- Mark L. - 17.65
- Andrew - 26.01
Where to Find Options Insider Radio?
Do you know all the ways you can access Options Insider Radio
    
Options Insider Radio Network Live Recordings
Do you want to be a part of the fun?
This is when you can access the LIVE shows this week:
Monday:
Option Block LIVE at 12pm Central
Thursday:
Option Block LIVE at 12pm Central
This Week in Futures Options LIVE at 1:30 Central
Friday:
Volatility Views LIVE at 12pm Central
As always, you can join in the fun at http://mixlr.com/options-insider/
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