Options news you can use for Monday, October 16, 2017

Trading Block: Roku hit the trading floor. We present some stats from the first week.

• ADV: 4413 contracts
• OI: 12,800 contracts, puts slightly outnumber calls 1.2/1.

Plus, the craziest gold trade of the year.

Odd Block: Size put roll in iShares S&P 500 Index Fund (XSP), funky prints in Applied Materials, Inc. (AMAT) and combo Swap/Roll in Edwards Lifesciences Corp (EWW).

Strategy Block: Uncle Mike Tosaw discusses managing vertical spreads.

Mail Block: Options question of the week

EarningsSeasons is almost upon us! What's your favorite way to trade earnings using #Options?

• Sell Strad./Fly/Condor
• Buy Strad./Fly/Condor
• Sell Puts/Put Spreads
• Buy Calls/Call Spreads

Around the Block: Everything macro and the lack of reactions to everything macro. VIX futures. Earnings are coming up. AI rally?

Options news you can use for Friday, October 13, 2017

It's time to tackle listener questions again on Options Playbook Radio. In this episode, Mark and Brian cover:

• Question from Albert Deckel - First, I want to thank you for all the effort you place into the options playbook. I find your lessons absolutely clear, understandable and instructive....a rare combination!! I bought your book and find that, also, clear and concise and very informative. Two questions: While I understand how to convert a "Delta" into meaning, I really don't understand what consists of a "high" vs. "low" Gamma, Theta or Vega. For example, when is theta so high that it makes the purchase of an contract dubious, or Vega so high that it makes the purchase of an OTM contract desirable? Also, if I were to write an ITM put, what combination of Delta, Gamma, Theta or Vega am I looking for? Thanks so much!! Al
• Question from Tim - Why isn't it standard or maybe required to let people close out shorts for free below $.10?

Options news you can use for Thursday, October 12, 2017

Options news you can use for Wednesday, October 11, 2017

Posted March 21st, 2017

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

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

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

Options #BrokerMadness tournament going on now.

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

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

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

Listener question:

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

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

Earnings!

• Tuesday - Nike, FedEx
• Thursday- GameStop

This week in the market:

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

Options news you can use for Tuesday, October 10, 2017

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

• VIX Cash - A low of 9.13 on Oct. 5
• VVIX - 91.79, CBOE Skew Index - 140

Russell's Weekly Rundown

• Fed Survey on Firm Uses of Equity Volatility, By Russell Rhoads, CFA
• VIX Options - VIX Call/Put: 3.7, Total 12.0m (9.44m Calls, 2.52m Puts)
• VXX - 37.95, XIV - 100.57

Volatility Voicemail: Options question of the week

Break out your #VOLATILITY #CRYSTALBALL: $VIX is at new lows. Is an 8 $VIX looming or is this just a blip? Where will $VIX close Friday 10/6

• Right Here: 9-9.30
• Lower: < 9
• Slightly Higher: 9.3-9.60
• Much Higher: > 9.6

Listener questions and comments: What's on your mind?

• Question from Gunjan Banerji‏ - What were the hot $VIX strikes this past week?
• Question from PBiggers - What strategy will long vix while minimizing contango?
• Comment from FContangotrader - I took personal loan and i bought vxx put spreads long term while I'm long some gamma on $spy, speaking of crazy.
• Question from Lenz - When is the CBOE Asia conference?
• Crystal Ball: Wild and reckless prognostication

Last week:

• Mark L. - 9.7
• Andrew - 9.99
• Russell - 9.42

This week:

• Mark L. - 9.65
• Mark S. - 10.01
• Russell - 10.31

Topics this week include:

• Crude hitting an important psychological number
• Comment from Alan: I'm down for some lean hogs and livestock
• Hogs, hog skew (gesundheit) and going hog wild
• Gold, no love for the weeklies, but standard contracts are golden
  • 15,000 Dec 2018 3000-strike calls trade; plus 7,500 each of the 2000 and 2600 strikes.
  • Fat fingers?
  • Doomsday prepper?
  • Mark is rendered speechless

Futures Options Feedback: What is on your mind?

• Question from GNDLF: Which product has the crazies skew? The juciest calls, puts, or both?
• Question from IML: Could the put skew in WTI potentially be due to electric car makers scrambling to hedge their primary risk?
• Question from Mike T.: Where do I get all this CME research?
• Question from NN78: If they did list Bitcoin options, how do you think the skew will look?