Volatility Views

Volatility Views 378: Massive Bets, Spikes Futures and...Cybertruck

• HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP
• CO-HOST: MARK SEBASTIAN, THE OPTION PIT
• MIAX HOT SEAT GUEST: SIMON HO, CEO, T3 INDEX

VOLATILITY REVIEW SEGMENT

• TRADE WAR PESSIMISM SPOOKING MARKETS AND LIFTING VOLATILITY MOST OF THIS WEEK
• VOL DOWN TO END THE WEEK
• SPIKES: 13.4 - UP .5 FROM LAST SHOW
• VIX CASH: 12.65 - UP .35 FROM LAST SHOW
• VVIX: 94 -UP 2.5 PTS FROM LAST SHOW
• SPIKES FUTURES - THEY ARE HERE!

HOT VOLATILITY POSITIONS AND TRADES

• SPIKES
• VIX OPTIONS
• VXX

VOLATILITY VOICEMAIL

• QUESTION FROM itzsleepy: With today's bad economic data; fed spending 150B on Repo operations per day. Powell staring we don't have tools to combat a downturn without fiscal policy. Trade war with China uncertainty. Wouldn't it make sense for volatility Being severely under priced due to SpX jumping massively since Trump tweeted on oct 11 trade deal complete
• COMMENT FROM 1328: Glad to have more players in the volatility futures game. Looking forward to my first trade.
• QUESTION FROM AMBROSE: Where can I get volume data for spikes futures?
• QUESTION FROM TRIGG3R: Thx for the show. Question for the miax hot seat guest - Are there any issues with trading options cleared by OCC against futures cleared by CME Group. I want to make sure I have all my ducks in a row before I start trading this product.

CRYSTAL BALL

WHERE WILL VIX/SPIKES BE NEXT WEEK?

• MARK: 12.95?
• MEATBALL: 11.6?
• SIMON: 12.4?

Volatility Views 377: The Great Volatility Shock Absorber

• HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP
• CO-HOST: MARK SEBASTIAN, THE OPTION PIT
• MIAX HOT SEAT: DAVID LINCOLN, VIX CRUSH

VOLATILITY REVIEW SEGMENT

• TRADE WAR OPTIMISM BOOSTING MARKETS MOST OF THIS WEEK
• VOL MIXED TO END THE WEEK
• SPIKES: 12.9 - DOWN .8 FROM LAST SHOW
• VIX CASH: 12.3 - DOWN .2 FROM LAST SHOW
• VVIX: 91.5 -UP 2.5 PTS FROM LAST SHOW
• VIX FUTURES CURVE: STILL IN CONTANGO
• SPIKES FUTURES: WE'LL HAVE THEM LISTED BY NEXT EPISODE

HOT VOLATILITY TRADES

• VIX OPTIONS
• VXX

VOLATILITY VOICEMAIL

• QUESTION FROM ITZSLEEPY: Can you guys comment on VIX calls on Nov 20, 2019? How it would play with vxx happening in the volatility space with insurance companies moving from leaps into shorter-duration hedges for their vol exposure?
• QUESTION FROM VINCE: Why do you refer to $SVXY and $UVXY as "neutered"? Thanks for answering my question and for putting on this show every week. You're the best in the biz.

CRYSTAL BALL

WHERE WILL VIX/SPIKES BE NEXT WEEK?\

• MARK: 12.15

• MEATBALL -11.6

• DAVE - 13

Volatility Views 376: Bermuda by Way of Chicago

• HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP
• CO-HOST: MARK SEBASTIAN, THE OPTION PIT
• MIAX HOT SEAT: John Smollen, The MIAX Exchange Group
• T3 HOT SEAT: SIMON HO, T3 INDEX

VOLATILITY REVIEW SEGMENT

• Miami International Holdings, Inc. (MIH), the parent holding company of the MIAX®, MIAX PEARL® and MIAX Emerald™ options exchanges (the MIAX Exchange Group™), and the Bermuda Stock Exchange (BSX) today announced that MIH has acquired a controlling interest in the BSX.
• TRADE WAR OPTIMISM BOOSTING MARKETS MOST OF THIS WEEK
• VOL MIXED TO END THE WEEK
• SPIKES: 13.75 - UP .25 FROM LAST SHOW
• VIX CASH: 12.5 - UNCHD FROM LAST SHOW
• VVIX: 89 -UP NEARLY 4 PTS FROM LAST SHOW
• VIX FUTURES CURVE: STILL IN CONTANGO
• SPIKES FUTURES: RESPONSE FROM FIA ATTENDEES TO SPIKES FUTURES?
• EARNINGS VOLATILITY: DIS

HOT VOLATILITY TRADES

• VIX OPTIONS
• VXX

VOLATILITY VOICEMAIL

• QUESTION FROM CURRANT: Do the zero commissions for options also extend to vol products like VIX and spikes?
• QUESTION FROM ELI: Does T3 have any models it can share depicting how viking future would look right now vs. traditional VIX futures term structure?
• QUESTION FROM LAWRENCE T.: Lots of talk in energy space about how institutional hedging has shifted from back months to front calendar year for producers. Do we ever envision something similar happening in the volatility space with insurance companies moving from leaps into shorter-duration hedges for their vol exposure?

CRYSTAL BALL

WHERE WILL VIX/SPIKES BE NEXT WEEK?

• MARK: 12.25
• MEATBALL: 11.75
• SIMON: 13, 13.25

VV 375: We've Seen Stupider Stupids

• HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP
• CO-HOST: MARK SEBASTIAN, THE OPTION PIT

VOLATILITY REVIEW SEGMENT

• S&P 500, Nasdaq hit new records after October jobs numbers beat expectations
• SPIKES: 13.50 - UNCHD FROM LAST SHOW
• VIX CASH: 12.5 - DOWN .5 FROM LAST SHOW
• VVIX: 85.2 - UP 1.2 FROM LAST SHOW
• VIX FUTURES CURVE: STILL IN CONTANGO

• SPIKES FUTURES
• EARNINGS VOLATILITY

HOT VOLATILITY TRADES

• VIX OPTION
• VXX

VOLATILITY VOICEMAIL

• QUESTION FROM HEATHER: Since you guys don't like TVIX what else do you recommend?
• QUESTION FROM ELI: Is there one strategy that is the silver bullet in vxx that works over the others. Should I really just buy 1yr plus puts and then set it and forget it? Seems like anything much shorter term is a bit of a crap shoot.
• QUESTION FROM 78RT: What's the real set-it-and-forget-it vol trade? VXX long-term puts?
• QUESTION FROM OPTIONSGAME: What kind of IV should we expect from CMEGroup options on bitcoin futures?

CRYSTAL BALL

WHERE WILL VIX/SPIKES BE NEXT WEEK?

• MARK: 12.55
• MEATBALL - 13.07

VV 374: The Great Earnings Volatility Breakdown

• HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP
• CO-HOST: MARK SEBASTIAN, THE OPTION PIT
• MIAX HOT SEAT CO-HOST: MATT AMBERSON, ORATS

VOLATILITY REVIEW SEGMENT

• EARNINGS/TRADE WAR/BREXIT OPTIMISM IS BACK
• SPIKES: 13.50 - DOWN 1.1 FROM LAST SHOW
• VIX CASH: 13.0 - DOWN 1.6 FROM LAST SHOW
• VVIX: 84 - DOWN 6 PTS FROM LAST SHOW
• VIX FUTURES CURVE: STILL IN CONTANGO

• SPIKES FUTURES
• EARNINGS VOLATILITY

HOT VOLATILITY TRADES

• SPIKES OPTIONS
• VIX OPTION
• VXX

VOLATILITY VOICEMAIL

• QUESTION FROM PATRIC: If I want to buy an option during earnings season should I buy it early or right before the announcement?
• QUESTION FROM DISL: Does VIX really have a skew?

CRYSTAL BALL

WHERE WILL VIX/SPIKES BE NEXT WEEK?

• MARK: 13.55
• MEATBALL - 12.67
• MATT - 12

VV 373: The Wheel of Volatility Decisions

• HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP
• CO-HOST: MARK SEBASTIAN, THE OPTION PIT
• MIAX HOT SEAT CO-HOST: JOHN SMOLLEN, MIAX EXCHANGE GROUP.
• SPECIAL GUEST CO-HOST: ERIC METZ, SPIDERROCK ADVISORS

VOLATILITY REVIEW SEGMENT

• EARNINGS/TRADE WAR/BREXIT OPTIMISM HAS STALLED
• SPIKES: 14.60 - DOWN 1.9 FROM LAST SHOW
• VIX CASH: 14.60 - DOWN 1.8 FROM LAST SHOW
• VVIX: 91 - DOWN 4 PTS FROM LAST SHOW
• VIX FUTURES CURVE: STILL IN CONTANGO

SPIKES FUTURES

• Volatility Index SPIKES Futures are expected to launch on MGEX on November 18, 2019, subject to Commodity Futures Trading Commission (CFTC) approval. SPIKES Futures will be available on MGEX via the CME Globex platform, providing the SPIKES Futures product with significant distribution from day one.

HOT VOLATILITY TRADES

• SPIKES OPTIONS
• VIX OPTION
• VXX

EARNINGS VOLATILITY

• NFLX
• IBM

VOLATILITY VOICEMAIL

• QUESTION FROM LL07: I found the comments by Simon Ho on the last episode somewhat alarming. The exchange needs to get approval from regulators to offer tied trades to customers? Can't a broker simply quote a tied trade using combos? Why do they need regulatory approval for tied trades after the options are already approved? What am I missing?
• QUESTION FROM ENCARTO: Am I better off buying a $SPY put or a $VIX call to hedge my portfolio?
• COMMENT FROM TOM BRENTON: I think the upcoming spikes futures will be interesting. Looking forward to trading them against the options.

CRYSTAL BALL

WHERE WILL VIX/SPIKES BE NEXT WEEK?

• MARK: 14.65
• MEATBALL: 13.85
• ERIC: 14.80

VV 372: Crazy Rolls and Pathetic Volatility Rallies

• HOST: MARK LONGO, OPTIONS INSIDER MEDIA GROUP
• CO-HOST: ANDREW GIOVINAZZI, OPTION PIT
• MIAX HOT SEAT CO-HOSTS: John Smollen - Executive Vice President, Head of Exchange Traded Products and Strategic Relations - MIAX Exchange Group.
• SIMON HO, CEO, T3 INDEX

VOLATILITY REVIEW SEGMENT

ALL IS RIGHT WITH THE MARKET AGAIN - MARKETS FIRMLY IN RALLY MODE AS TRADE WAR OPTIMISM AND FED BALANCE SHEET LOVE DRIVING UP MARKETS

• SPIKES 16.5
• VIX CASH 16.40
• VVIX 95
• WHICH VOLATILITY TRADES, TRENDS OR DEVELOPMENTS CAUGHT YOUR EYE THIS WEEK?

HOT VOLATILITY TRADES

• SPIKES OPTIONS
• VIX OPTION
• VXX

VOLATILITY VOICEMAIL

• QUESTION FROM Erik Norstedt: Hi Mark, Great show! With some of the major brokers offering no trading fees do you think this will lead to an increase in volatility since traders can trade more?
• QUESTION FROM TALOS: Do they have the specs yet for the spikes future?
• RELATED QUESTION FROM LH65: How far out will I be able to trade spike futures? How do you expect the term structure to shape up. Thx for this program. You guys are the best.

CRYSTAL BALL

WHERE WILL VIX/SPIKES BE NEXT WEEK?

• MARK: 16.65
• ANDREW: 14.92
• SIMON: 16.2

• Host: Mark Longo, The Options Insider Media Group
• Co-Host: Mark Sebastian, Option Pit

• ALL IS RIGHT WITH THE MARKET AGAIN
• VIX cash, Spikes,VIX Futures and VVIX overview.
• Spikes options breakdown - 18- UNCHD. FROM LAST SHOW
• VIX cash - 17.75 - UP .25 FROM LAST SHOW
• VVIX - 96 - DOWN NEARLY 8 PTS FROM LAST SHOW
• VIX Futures Curve - STILL IN CONTANGO
• And much more…

• QUESTION FROM TINTIN:Why do you the market isn't pricing in more volatility as a result of the saudi oil attacks?
• COMMENT FROM SIDELOASD: I found that vxst/vix ratio discussed on last show extremely interesting. Thank you.
• QUESTION FROM JERRY BANKS: Do you have any insight into whether cboe will ever bring back rvx? I miss that product.

• MARK: 16.65

• MEATBALL: 15.79

• Host: Mark Longo, The Options Insider Media Group
• MIAX Hot Seat Co-Host: Shelly Brown - Executive Vice President, MIAX Exchange Group
• Co-Host: Andrew Giovinazzi, Option Pit
• Guest Co-Host: Brian Overby - Senior Options Analyst, Ally Invest

VOLATILITY REVIEW

Update on the latest trades, trends and developments in the world of volatility including:

• MARKET SELLING OFF AGAIN OVER MORE CHINESE / U.S. TENSIONS
• VIX cash, Spikes,VIX Futures and VVIX overview.
• VIX options breakdown - LIGHT VOLUME WEEK
• Spikes options breakdown - 18- UP OVER 4 FROM LAST SHOW
• VIX cash - 17.5 - UP APPROX. 3.5 FROM LAST SHOW
• VVIX - 104 - UP NEARLY 4 PTS FROM LAST SHOW
• VXX - 24.3 - UP 1.3 FROM LAST SHOW
• VIX Futures Curve - STILL IN CONTANGO
• And much more…

SPIKES FUTURES

• HERE WE GO! WE HAVE A LAUNCH DATE!

• Volatility Index SPIKES Futures are expected to launch on MGEX on November 18, 2019, subject to Commodity Futures Trading Commission (CFTC) approval. SPIKES Futures will be available on MGEX via the CME Globex platform, providing the SPIKES Futures product with significant distribution from day one.

BIG VOLATILITY WAGERS HIT MARKETS

• At least one options investor dished out $4.3 million for bullish bets on the VIX that would pay out if the gauge jumped to 23 by October, a huge advance from its current level, according to data provider Trade Alert. Another large trade would pay out if the gauge jumped to 25, a level it hasn't closed at since early January.

VOLATILITY VOICEMAIL

• QUESTION FROM IRL8: Do brokers charge more to trade VIX and volatility products?
• QUESTION FROM CO54: Does this notion of having approval levels for vol etps have legs?

THE CRYSTAL BALL

Where will VIX/SPIKES be next week?

• MARK: 17.55

• ROCK LOBSTER: 9.97

• BRIAN: 20

• Host: Mark Longo, The Options Insider Media Group
• MIAX HOT SEAT CO-HOST: John Smollen - Executive Vice President, Head of Exchange Traded Products and Strategic Relations - MIAX Exchange Group
• Co-Host: Mark Sebastian, Option Pit

VOLATILITY REVIEW

Update on the latest trades, trends and developments in the world of volatility including:

• MARKETS UNCHD TO END THE WEEK AFTER STRONG RALLIES. VOLATILITY DOWN ACROSS THE BOARD.
• VIX cash, Spikes,VIX Futures and VVIX overview.
• VIX options breakdown - mild volume week
• Spikes options breakdown - 14.20 - DOWN 1.65 FROM LAST SHOW
• VIX cash - 13.90 - DOWN 1.6 PTS FROM LAST SHOW
• VVIX - 99.5 - UP 2.5 PTS FROM LAST SHOW
• VIX Futures Curve - BACK TO (SOMEWHAT) NORMAL CONTANGO
• And much more...

VOLATILITY VOICEMAIL

• QUESTION FROM LLJJ: Did those pricey VXX puts really work out when you factor in the vol implosion in that product over the past few weeks?
• QUESTION FROM ELLIOT: Fun program. Like the spikes inclusion. Question - I've hear Mr. Longo mention that there might be options "lurking in the book" before on the show. What does this mean? What book? Thanks and love the show.
• QUESTION FROM NICK JOHNSON: You feeling the volfefe index?

THE CRYSTAL BALL

Where will VIX/SPIKES be next week?

• MARK: 14.25/ VOLFEFE 6
• GREASY Meatball: 13.14?