Volatility Views

Volatility Views 383:  Dubious 1x2 VXX Spreads Plus Your VIX Picks HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP CO-HOST: ANDREW GIOVINAZZI, THE OPTION PIT VOLATILITY REVIEW SEGMENT MIDDLE EAST TENSIONS CAN’T STOP THE BULL: MARKETS HIT NEW HIGHS AGAIN TODAY  SPIKES: 12.5 - DOWN 1 FROM  LAST SHOW  VIX CASH: 12.35 - DOWN .9 FROM LAST SHOW VVIX: 87.25 - DOWN NEARLY 4 PTS FROM LAST SHOW   HOT VOLATILITY POSITIONS AND TRADES  SPIKES VIX OPTIONS VXX VOLATILITY VOICEMAIL QUESTION FROM DAVID LINCOLN: @OPTIONS $VXX  21FEB 13/14 1BY2 PUTSPEAD TRADES 16,000X32,000  TRADES EVEN MONEY CUSTOMER BUYS THE 14 PUT... THOUGHTS? @OPTIONVOL @PAT_HENNESSY @OPTIONPIT THIS TRADED ON THE OPEN THIS MORNING.  ALSO 21FEB 12/13 PUT 1X2 TRADE LIKE 2 HOURS LATER 5000X1000 CRYSTAL BALL TIME TO PLAY ALONG W/ #VOLATILITYVIEWS AND DUST OFF YOUR #CRYSTALBALL. QUITE SIMPLY – WHERE DO YOU THINK $VIX WILL CLOSE FOR 2020? BONUS POINTS: REPLY/DM/EMAIL W/ YOUR SPECIFIC PICK. CLOSEST (MUST BE WITHIN 1PT TO QUALIFY) WILL WIN #FABULOUSPRIZES

VV 382: ASSASSINATION VOLATILITY The new year is off with a bang (sort of) as the markets grapple with the latest wave of headline risk. We break it all down, answer a whole slew of listener questions and attempt to nail down $VIX and Spikes for the end of the year.     

Volatility Views 381:  The Dark Side Has Yet To Reveal Itself HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP CO-HOST: ANDREW GIOVINAZZI, THE OPTION PIT VOLATILITY REVIEW SEGMENT IMPEACHMENT - THE MARKET COULDN’T CARE LESS TRADE WAR - APPARENTLY EVERYTHING IS ON THE RIGHT TRACK SPIKES: 12.25 - DOWN 1.05 FROM  LAST SHOW  VIX CASH: 12.2 - DOWN 1 FROM LAST SHOW VVIX: 98.25 - DOWN 2.75 PTS FROM LAST SHOW   HOT VOLATILITY POSITIONS AND TRADES  SPIKES VIX OPTIONS VXX VOLATILITY VOICEMAIL QUESTION FROM morisboris: @Options Hello and a follow for you.  If I may ask a question. Is there a site I can look to see what options are open call or puts on a certain equity? Tia  OUR AUDIENCE IS MIXED ON SVIX COMMENT FROM ELLEN: I think the new SVIX product will be vaporware. I have no idea why it’s getting so much ink.  COMMENT FROM JVIZ: No way this new $XIV thing gets approved. These guys just want attention.  QUESTION FROM IAN MADDEN: Do you really think this new inverse volatility product has a chance of becomi

Volatility Views 380:  The Long Shadow of XIV HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP CO-HOST: MARK SEBASTIAN, THE OPTION PIT VOLATILITY REVIEW SEGMENT MARKETS MIXED AFTER EARLY TRADE DEAL, BREXIT VOTE SPIKES: 13.3 - DOWN .95 FROM  LAST SHOW  VIX CASH: 13.2 - DOWN .3 FROM LAST SHOW VVIX: 101 - UP 6.5 PTS FROM LAST SHOW  NEW XIV IN THE WORKS? Ghost of XIV Rises: A New Short Vol Product Is in the Pipeline HOT VOLATILITY POSITIONS AND TRADES  SPIKES VIX OPTIONS VXX VOLATILITY VOICEMAIL QUESTION FROM RUNTHROUGH: It sounds like you guys are down on UVXY and for good reasons. Last week’s guest didn’t exactly raise my hopes. Is there anything they could do to get you back into the fold? QUESTION FROM MIGS: Will we ever see XIV again? QUESTION FROM TROMS: Will there ever be a way to buy just the $VIX index itself as an etf or something rather than just futures?  COMMENT FROM MARS: Happy holidays to the vol views crew. You guys always wrap up my week in style. Here's to a great next decade of volatili

Volatility Views 379: Algo Action and Futures Fun HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP CO-HOST: ANDREW GIOVINAZZI, THE OPTION PIT MIAX HOT SEAT GUEST: SIMON HO, CEO, T3 INDEX MIAX HOT SEAT GUEST: SHELLY BROWN, EXECUTIVE VP, MIAX  VOLATILITY REVIEW SEGMENT MARKETS GETTING A LIFT TO END THE WEEK AFTER TRADE WAR PESSIMISM SPOOKED MARKETS AND BOOSTED VOLATILITY MOST OF THIS WEEK OPEC DECIDING TO EXTEND AND DEEPEN CUTS AHEAD OF THEIR IPO SPIKES: 14.25 - UP .85 FROM  LAST SHOW  VIX CASH: 13.5 - UP .85 FROM LAST SHOW VVIX: 94.5 - UP .5 PTS FROM LAST SHOW  SUSPENSION OF SPIKES FUTURES - WHAT HAPPENED MIAX TRADING RESULTS FOR NOVEMBER 2019 HOT VOLATILITY POSITIONS AND TRADES  SPIKES VIX OPTIONS VXX VOLATILITY VOICEMAIL QUESTION FROM Michael Smith:  I’ve been looking more at Skew lately. Looking at a single stock you can see it easily. Do you guys have a recommendation for comparing across instruments? i.e. a formula?  CRYSTAL BALL  WHERE WILL VIX/SPIKES BE NEXT WEEK? MARK: 12.75? ROCKLOBSTER: 1

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

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

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? QUES

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 V

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

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 t

Host: Mark Longo, The Options Insider Media Group Co-Host: Mark Sebastian, Option Pit VOLATILITY REVIEW Update on the latest trades, trends and developments in the world of volatility including: 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… VOLATILITY VOICEMAIL 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.  THE CRYSTAL BALL Where will VIX/SPIKES be next week? 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, prov

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 o

Host: Mark Longo, The Options Insider Media Group MIAX HOT SEAT CO-HOST: Dave Lincoln, The Short Vol Show Co-Host: Andrew Giovinazzi, Option Pit VOLATILITY REVIEW Update on the latest trades, trends and developments in the world of volatility including: JUDGING BY THE VOLATILITY MARKET YOU’D NEVER KNOW THAT WE HAD A HISTORIC ATTACK ON THE OIL INFRASTRUCTURE THIS WEEK. VIX cash, Spikes,VIX Futures and VVIX overview.  VIX options breakdown - decent volume week Spikes options breakdown - 13.95 - DOWN .25 FROM LAST SHOW  VIX cash - 13.90 - ALMOST EXACTLY UNCHD FROM LAST SHOW  VVIX - 96.5 - DOWN 3 PTS FROM LAST SHOW   VIX Futures Curve - STILL IN CONTANGO.  FROM MATT THOMPSON:  Spot $VIX "gravity" on VIX futures does not get stronger when the curve is steep.  In fact, the opposite.   Why?  Because steep curve = a lot of time to expiration.  and "gravity" has the greatest effect when a future is close to expiration And much more... THE CRYSTAL BALL Where will VIX/SPIKES be next week? MARK: 14.2

Host: Mark Longo, The Options Insider Media Group MIAX Hot Seat Co-Host: Simon Ho, Ceo, T3 Index Co-Host: Mark Sebastian, Option Pit VOLATILITY REVIEW Update on the latest trades, trends and developments in the world of volatility including: Strong rallies to end the week as trade war optimism shifts back into focus. VIX cash, Spikes,VIX Futures and VVIX overview.  VIX options breakdown - mild volume week Spikes options breakdown - 15.85 - Down 5.4 PTS from last show  VIX cash - 15.50 - Down 5.1 PTS from last show  And much more... VOLATILITY VOICEMAIL QUESTION FROM DANC: Whatever happened to that tradeable vix cash product? Flame out? QUESTION FROM ANDREW89: Do you guys also think that volatility futures are downplaying the possibility of december volatility? It’s one of the cheapest months on the board and also one of the most volatile recently. THE CRYSTAL BALL Where will VIX/SPIKES be next week? MARK: 14.65? Meatball: 14.12? SIMON: 15.5?

Host: Mark Longo, The Options Insider Media Group Co-Host: Mark Sebastian, Option Pit VOLATILITY REVIEW Update on the latest trades, trends and developments in the world of volatility including: China kicks the trade war back into high gear: major indices down over 2% across the board. VIX cash, Spikes,VIX Futures and VVIX overview.  VIX options breakdown - crazy volume week Spikes options breakdown - 21.25 - UP APPROX. 1.5 PTS FROM LAST SHOW VIX cash - 20.60 - UP 4PTS TODAY AND UP 2PTS FROM LAST SHOW And much more... VOLATILITY VOICEMAIL QUESTION FROM NELY: Why do you guys hate $TVIX so much? QUESTION FROM TRADECAP: Seems like bullish risk reversals are the savvy play right now in volatility. Downside is limited - particularly if you sell put spreads - and the upside is unlimited. Why don't you talk about these more on your show? QUESTION FROM ORLND3: I trade my volatility almost exclusively through spy verticals and iron flies. Am I missing something by not having that vix or spikes exposure? COMMENT F

Host: Mark Longo, The Options Insider Media Group Co-Host: Mark Sebastian, Option Pit MIAX Hot Seat Guest: Shelly Brown, EVP, Miax Options Guest Co-Host: Simon Ho, CEO, T3 Index VOLATILITY REVIEW Update on the latest trades, trends and developments in the world of volatility including: What the heck is happening this week? VIX cash, Spikes,VIX Futures and VVIX overview.  VIX options breakdown - strong volume week Spikes options breakdown - Massive 1x2 roll Why does the premium evolve between SPIKES and VIX? And much more... VOLATILITY VOICEMAIL COMMENT FROM HATTIME: $6 for a Jan ATM put in VXX? I don’t think so. COMMENT FROM APROPOSS0:Love the show. Checked out the VXX downside after your recent episodes. Damn is that sh$t expensive! How can you make money buying that stuff QUESTION FROM ALLISON: What do you guys think of the MOVE index as a measure of volatility? THE CRYSTAL BALLWhere will VIX/SPIKES be next week? MARK: 18.50 Meatball: 16.75 SIMON: 17.33

Host: Mark Longo, The Options Insider Media Group Co-Host: Mark Sebastian, Option Pit MIAX Hot Seat Guest: Henry Schwartz, Trade Alert VOLATILITY REVIEW Update on the latest trades, trends and developments in the world of volatility including: Trade war back in the hot seat. VIX cash, Spikes,VIX Futures and VVIX overview.  VIX options breakdown - strong volume week Spikes options breakdown - OI pretty much unchanged from last week VXX options breakdown VOLATILITY VOICEMAIL QUESTION FROM FOLEY: You guys are like swammys with that vvix thing. You call it every time! The second it gets close to 70 it explodes. I think thats the best indicator i’ve seen in some time. What are the best ways to take advantage of it? Just load up on vix calls? THE CRYSTAL BALL - Where will VIX/SPIKES be next week? Mark: 16.75 Andrew/Meatball: 15.13 Henry: 16.25