TWIFO 179: DIRECTIONALLY INTIMIDATING CRUDE AND AGS

TWIFO 179: DIRECTIONALLY INTIMIDATING CRUDE AND AGS

• HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP
• CME HOTSEAT GUEST: ADAM WEBB, FOUNDER OF MACROHEDGED

WHAT WERE THE MOVERS AND SHAKERS IN FUTURES OPTIONS THIS WEEK?

WTI

• OPEC MEETING BEGINS - OPEC AND ALLIES AGREE TO DEEPEN OIL OUTPUT CUTS
• OPECWATCH TOOL - https://www.cmegroup.com/trading/energy/cme-opec-watch-tool.html
• THERE'S NO DREAMY UPSIDE TO BE FOUND IN CRUDE RIGHT NOW.

AGS

• SOYBEAN MEAL: DECENT OPTIONS VOLUME - ABOUT 40K ON THE TAPE THIS WEEK
• SRW: AKA SOFT RED WINTER WHEAT (AKA CHICAGO WHEAT) - ABOUT 80K CONTRACTS ON THE TAPE THIS WEEK
• CLASS 3 MILK: TRADING A WHOPPING 7500 CONTRACTS THIS WEEK

EQUITIES

• TRADE WAR OPTIMISM LIFTING MARKETS, CRUSHING VOLATILITY
• VIX: 14.75 - UP 1
• VVIX: 99 - UP 3.25 FROM LAST SHOW
• RVX: 18.50 - UP 1.75 FROM LAST WEEK
• VIX/RVX SPREAD: 3.75 - WIDER THAN LAST WEEK

FUTURES OPTIONS FEEDBACK

• QUESTION FROM JACKSON KNIGHT: WHY IS IT SO HARD TO TRADE FUT OPTS WITH MOST MAJOR BROKERS IN 2019? SEEMS LIKE ITS STILL 2009 FOR A LOT OF THESE FIRMS WHO ONLY EXPECT YOU TO TRADE APPLE AND SPY?
• QUESTION FROM ANALYSIS1: WHY DO YOU GUYS TALK ABOUT SKEW SO MUCH? I FIND IT CONFUSING.
• QUESTION FROM MLLRTZ: CAN YOU DISCUSS OPEC WATCH ON THE SHOW?
• QUESTION FROM ELION: ANY FOLLOW UP DATA ON THE CME METAL SKEW STUDY? I FIND THAT ONE SOMEWHAT PERPLEXING.
• QUESTION FROM ELLIOTT: WHY DO SOME PRODUCTS DO LARGE FUTURES VOLUME BUT SMALL OPTIONS VOLUME? DOESN'T ONE USUALLY LEAD TO THE OTHER?