Volatility Views

VOLATILITY REVIEW Trade was premium is back as Trump continues to ratchet up the tariffs. SPIKES - 20, up 7-points from last show VIX Cash - 19.5., 7-points higher than last week VVIX - 103, almost 20-points higher than last show VIX Options - ADV: 459k, very low. VXXB - 30.3, 5-points higher than last week, ADV: 167k SPIKES Versus VIX: How to Take Advantage of the Differences - https://www.investorsalley.com/spikes-versus-vix-how-to-take-advantage-of-the-differences-article-jay/       VOLATILITY VOICEMAIL Question from Super Dragon - Is the $VIX curve inverting as bad as the yield curve inverting? Question from Anthony Johnston - I’ve heard you guys call otm puts bullets before? Where does this come from and why are they called that?       CRYSTAL BALL Next week: Mark L. - 13.25 Mark S. - 14.06

VOLATILITY VIEWPOINT Guest: John Smollen, EVP, Head of Exchange Traded Products and Strategic Relations, MIAX Guest: Simon Ho, CEO, T3 Index       VOLATILITY VOICEMAIL Comment from Allegheny Lad - Cheers to the listener who said they hedge their VXXB downside with alcohol. I feel their pain and I raise my glass in solidarity. I find a nice Jameson on the rocks seems to “hedge” most effectively - but ymmv. Thanks for your fine program. Question from Charlie C - Quick question for the show - What’s the weirdest thing you’ve seen in the options market? Question from Miller - Hello Volatility Views! Love this show. Is there some sort of volatility summit where the different players in the space get together to discuss the issues in the market, how to address them and what’s coming down the road?  

VOLATILITY REVIEW SPIKES - 13, up 0.75-point from last show. VIX Cash - 12.75, up 0.5-points higher than last week. VVIX - 84,  1-point lower than last show VIX Options: Friday - 148, ADV - 459k, Total 7.41m (6.19m Calls, 1.22m Puts) VXXB - 25.3, 1.3-points lower than last show. Earnings Highlights: Tuesday - Twitter, Snap Wednesday - FB, Tesla, Microsoft, Boeing, Chipotle, PayPal, WWE Thursday - Amazon, Starbucks, Intel, Grubhub, Mattel         VOLATILITY VOICEMAIL #Options #QOTW: $TSLA open interest continues to be dominated by far #OTM "Mystery Puts." The lion's share of the OI is at the 100 strike and below. There are many reasons for this. But it leads to a simple question - do you think  $TSLA be below $100 by Jan expiration? - Yes - No Question from Vivic 3 - Now that spikes is live what is the status of the other vol newcomers that have appeared on your show like Voldex and Volx? Question from Benson H - Is there any clear winner for earnings season right now for a volatility trader? Is it short vol

Volatility Review: Brexit, Brexit, Brexit!!! Weekly Options Insider Poll - Do you think the UK will make a Brexit from the EU? Yah - 24% Nah - 43% I am sick of Brexit - 33% Volatility Voicemail: Listener questions and comments Question from Tronghi: Detailed thoughts on VIX futures curve as of June 15. Question from JVon: What strategies don't work for the short VIX ratio call spread. Question from BB Wins: Can you give me an example of good strikes for a VIX 1-by-2 ratio spread if I use open interest as an indicator? Crystal Ball: Where will the VIX close before the long holiday weekend? Russell: 12 Mark S.: 26 Mark L.: 21

VOLATILITY REVIEW SPIKES - 12.25, down 0.5-points from last show VIX Cash - 12.3, 0.7-points lower than last week VVIX - 85, 6-points higher than last show. We saw the expected pop but not the expected move in VIX/VXX VIX Options - ADV: 530k, Total 11.1m (8.41m Calls, 2.65m Puts) VXXB - 26.6, 1.4-points lower than last show       VOLATILITY VOICEMAIL Question from Jim Daily - Just to clarify. Are they really staying with $VXXB? There’s no name change coming? Comment from Jack Heneka - Hi, greetings from Europe! Question from Curious George - RE: VXEFA silly prints. My question is: VXEFA has had some ridiculous intraday spikes. Yesterday O-11.8, C-11.4 with a High 25.5? Can you weigh in on what is causing that and what CBOE might do to eliminate these nonsensical prints? Also, really enjoyed your coverage of SPIKES. Are they going to do anything in EAFE or EEM? Thanks for all the good work you do! Question from Allen Y. - I get that if i buy vix options i can hedge them with vix futures. If i trade spikes opti

VOLATILITY REVIEW A week of mild rallies, trade war progress and dwindling recession fears killing volatility. Non-farms did not spark any volatility. SPIKES - 12.8, down nearly 1.5-points from last show VIX Cash - 13, 1-point lower than last week VVIX - 79, 8-points lower than last show VIX Options - ADV: 523k, Total 10.0m (7.68m Calls, 2.32m Puts) VXXB - 28, 1.5-points lower than last show LYFT extremely volatile post IPO.       VOLATILITY VOICEMAIL Comment from T Mal - I don’t do those for a credit 1x2, might as well reduce the distance between the strikes and pay a little Question from White Leo - When do you think we’ll see new inverse volatility tradeable products hit the market? I miss the old XIV days. Comment from Mark Brandt - Embrace the coming Volpocalypse Question from PBWO9 - Hello to my favorite vol show. Thx for keeping me company on the train every week. Love it! 5 stars on all platforms from me. My q - I know you’ve talked a lot about the feb “VIXocalypse” from last year and the meltdown of

VOLATILITY REVIEW A week of mild rallies is killing volatility. Latest Brexit fail is not spooking the market. SPIKES - 14.1, nearly 3-points lower than last show. VIX Cash - 14, 2.5-points higher than last week. VVIX - 87, 11-points lower than last show. VIX Options - ADV: 549k, Total 9.37m (7.18m Calls, 2.19m Puts). More 1x2 call spread today. VXXB - 29.5, 2.5-points lower than last show.     CRYSTAL BALL Last week: Mark L. - 14.25 Mark S. - 12.37 Simon - 13.55 Next week: Mark L. - 13.75 Mark S. - 13.20 Simon - 13.25

VOLATILITY REVIEW SPIKES - 16.87, nearly 5-points higher than last show VIX Cash - 16.5, nearly 4-points higher than last week VVIX - 98 - 18-points higher than last show VXXB - 32, nearly 4-points higher than last show VIX Options - ADV: 569k, Total 8.71m (6.65m Calls, 2.06m Puts) A strong selloff sparked by weak economic data in US & Europe. Europe's stock volatility gauge hits six-week high as weak data stirs worries         VOLATILITY VOICEMAIL Question from Brew Master 3 - What does all of this mean for the vol market? Is this a problem for new vol players and products trying to get into the space? Comment from Mark Brandt - Sold the 32d 15/11 put spread to buy the 21 calls for a nickel. Liking it! Question from Nico Lee - There are so many questions swirling around VIX right now. How do we avoid these types of problems in the future so people can have faith that the volatility space isn’t rigged against them.       CRYSTAL BALL Next week: Mark L. - 14.25 Mark S. - 12.37 Simon - 13.55

VOLATILITY VIEWPOINT Guest: Simon Ho - CEO, T3 Index What about the burgeoning volatility market in Australia? What is price dragging? How does it help to avoid the manipulation issues plaguing VIX? Is SPIKES performing up to your expectations during the recent resurgence of volatility?       VOLATILITY REVIEW Weak jobs and trade reports SPIKES  -17.25, 2.5-points higher than last show. VIX Cash - 17.50, nearly 3-points higher than last week. VVIX - 91, 11-points higher than last show VIX Options - ADV: 499k, Total 9.23m A ratio stupid of 1x3 roll in VIX VXXB - 34.1, 2.6-point higher than last week.       CRYSTAL BALL Next week: Mark L. - 14.75 Mark S. - 13.75 Simon - 15.25

VOLATILITY VIEWPOINT SPIKES What is it? Why bring it to the market now? SPIKES launched on Feb 21. How did it go? How has the market responded to SPIKES? How is the liquidity shaping up in SPIKES in the early days?   VOLATILITY REVIEW SPIKES - 14.79 VIX Cash - 14.75 VVIX - 80 VIX Options - ADV: 476k VXXB - 31.5   VOLATILITY VOICEMAIL Question from J Sign - Is Spikes live? I can’t find it on my broker screen? What’s the ticker? Question from Vex1 - Why does it take so long for new volatility products to come to market?   CRYSTAL BALL Next week: Mark L. - 14.50 Mark S. - 13.05

Best of Volatility Views: Back to the BeginningIt's a shortened holiday week. So we thought we'd take you back to the primordial ooze days of Volatility Views with the inaugural sneak preview episode from August 2011.  

VOLATILITY REVIEW VIX Cash - 14.8, 2.5-points lower than last week. VVIX - 80, 7.5-points lower than last show. VIX Options - ADV:476k, Total 6.20M (4.86M Calls, 1.34M Puts) VXXB - 32.5, 2.5-points lower than last show. SVXY - 46, unchanged from last show.         VOLATILITY VOICEMAIL #QOTW - $VXX is dead! Long Live $VXXB! There's a (somewhat) new kid on the #Volatility trading block. Are you trading $VXXB #options yet? If not, how are you getting your #Volatility fix these days? $VIX $TVIX $SVXY 43% - Yes: Jumped into $VXXB 11% - No: Spreads are too wide 14% - No: Prefer $TVIX, etc 32% - No: Prefer $VIX #options Question from Thomas Weber - If I am short a deep in the money call in SPY (delta near 1), what are the odds I will be assigned the Thursday night before Friday expiration? Question from Jelevis - Does it make sense to just get long ratio vertical put spreads in VXX as opposed to just buying the puts? Make the premium negligible so you don’t get hurt if it spikes against you in the near term. If it

VOLATILITY REVIEW VIX Cash - 17.18, can you say Bullseye!? VVIX - 87.5, approx. 8-points higher than last show, dipped to 76.45 earlier this week. VIX Options - 156k, ADV: 497k, Total 8.72m (6.68m Calls, 2.05m Puts) VXXB - 35, 2-points lower than last show. Today - 40k, ADV - 199k       VOLATILITY VOICEMAIL #QOTW - With everyone still shaking off #SuperBowl haze, let's start the week by applying your trading mindset to next season. If you had to buy a call on one team to make it into next year's big game - which team are you buying? Feeling another team - let us know below. - Patriots - Rams - Bears (legally obligated) - Saints Question from Brian Collamer - Hi Mark, Listened to the last VV show and heard you mention my trade again and thought I'd set the record straight....This trade was in my ROTH, can't be naked anything.  Sold one 15 call, bought two 19 calls. Got a credit of .05c.  Did I buy or sell to open this position?Closed position for a debit of .07c.  Did I buy or sell to close this position? Ro

Volatility Review - Jan VIX futures volume down size from 2017 - Overview of Hot VIX options positions - Overview of interesting VIX options trades - Will there be an end-of-day selloff in VIX futures from VXX - First look at hot VXXB options positions - Earnings Volatility Overview: AMZN, MSFT, FB, QCOM, AAPL and more Volatility Voicemail - Why is the market so slow to adopt VXXB - Can market makers see if your spx or vix order is open or close - and more   Crystal Ball The Meatball finally wins. This weeks' picks: Mark L. - 17.05 Mark S. - 15.25

Today Mark and Mark discuss: Volatility Review Segment VIX and VVIX relatively unchd. from last week. VIX futures still weirdly flat VIX options volume still relatively anemic VXX options love switching to calls How will the Shutdown Deal impact volatility? Earnings Volatility Review We discuss: INTC SBUX XLNX JBLU and more Volatility Voicemail We answer you questions about INTC volatility, ratio 1x2 spreads and more. Crystall Ball Picks Mark L. - 17.25 Mark S. 16.25

Volatility Views 338: Boulevard of Broken VXX Dreams - Host: Mark Longo, CEO - Options Insider Media Group - Co-Host: Mark Sebastian, Founder - OptionPit.com Volatility Review - Major indices up nearly 1.5% across the board with volatility taking a bath.  - Mark and Mark break down the legion of Jan VXX puts that will expire worthless this week.  Volatility Voicemail - We answer your questions about VIX 1x2 verticals, VXX sadness, Powell puts and more...  Crystal Ball - Our picks for VIX next week: Mark L. - 17.25 Mark S. - 16.25

VOLATILITY VIEWS 337: Looking At VIX From A European Perspective - HOST: MARK LONGO, OPTIONS INSIDER MEDIA GROUP - SPECIAL GUEST CO-HOST: AASH VYAS, PORTFOLIO MANAGER -  TUNGSTEN INVESTMENT FUNDS VOLATILITY REVIEW SEGMENT VIX STILL EERILY FLAT - HOVERING AROUND 20 LEVEL. MARK/ANDREW VOLATILITY REVIEW - WHICH VOLATILITY TRADES, TRENDS OR DEVELOPMENTS CAUGHT YOUR EYE THIS WEEK? VIX CASH 19.25 - 3.5 PTS LOWER THAN LAST SHOW VVIX 85.5 - 4.5 PTS HIGHER THAN LAST SHOW VIX FUTURES CURVE STRANGELY FLAT FRONT MONTH: .4PT PREMIUM TO CASH 2ND MONTH: .65 PT PREMIUM TO CASH VIX OPTIONS TODAY - 215K ADV - 584K NEARLY UNCHD FROM LAST SHOW TOP VIX POSITIONS 327336 .VIX Feb 13th 37.5 C, chg -2140 245513 .VIX Jan 16th 30.0 C, chg -243 213192 .VIX Jan 16th 35.0 C, chg -24 209890 .VIX Feb 13th 40.0 C, chg +175 170651 .VIX Jan 16th 32.5 C, chg -380 164631 .VIX Apr 17th 45.0 C, chg +2463 156643 .VIX Jan 16th 18.0 P, chg +571 153838 .VIX Apr 17th 70.0 C, no chg 144909 .VIX Feb 13th 35.0 C, chg +3900 140853 .VIX Apr 17th 37.5 C, no

Volatility Views 336: Kicking off 2019 With Some Volatility Host: Mark Longo, CEO & Founder - The Options Insider Media Group Co-Host: Mark Sebastian, Co-Founder -OptionPit.com, Portfolio Manager - Karman Line Capital VOLATILITY REVIEW Massive jobs report - The economy added 312k jobs in Dec, although unemployment is up to 3.9% Powell’s speech apparently didn’t save the market too much. VIX Cash - 22.75, nearly 6-points lower than last show. VVIX - 81, 14-points lower than last show. VIX Options - ADV: 586k, Total 7.49m (5.71m Calls, 1.78m Puts) VXX - 50, 4-points higher than last show. TOP VIX POSITIONS - ALL CALLS - FIRST TIME IN AGES 331732 .VIX Feb 13th 37.5 C, chg +1807 244006 .VIX Jan 16th 30.0 C, chg +2028 200570 .VIX Jan 16th 35.0 C, chg -4014 166294 .VIX Jan 16th 32.5 C, chg +4868 161664 .VIX Feb 13th 40.0 C, chg +1486 160240 .VIX Apr 17th 45.0 C, no chg 153836 .VIX Apr 17th 70.0 C, chg +110 138616 .VIX Mar 19th 37.5 C, chg +10 135993 .VIX Jan 16th 24.0 C, chg -128 135869 .VIX Feb 13th 35.0 C

VOLATILITY REVIEW VIX Cash - 28, nearly 6-points higher than last show. VVIX - 95, 10-points lower than last show. Mnuchin Blames Volcker Rule, High-Speed Trading for Volatility - https://www.bloomberg.com/news/articles/2018-12-18/mnuchin-blames-volcker-rule-high-speed-trading-for-volatility VIX Options - 575k, Total 6.73m (5.24m Calls, 1.50m Puts) VXX - 50, 4-points higher than last show. 2018 Theme - The Year That Vol Returned, aka the year we got the real Trump administration       CRYSTAL BALL Final #QOTW for 2018 - It's the big one! Time to play along w/ #VolatilityViews and dust off your #CrystalBall. Quite simply - where do you think $VIX will close for 2019? Bonus points: Reply/DM/Email w/ your specific pick. Closest (within 1pt) will win Fabulous Prizes. - Low: 8-11.99 - Normal: 12 -16.99 - Elevated: 17- 23 - Very Elevated: > 23   Twitter Guesses: Neil Wales - 13.3 Contango - 12.14 Mail Man Dan - 12/31 closes at $257.50 on $SPY and $VIX at $22.50 Brad Huff - 27.25 Filip (FContangotrader) - 32.4 Matt