The Options Insider Radio Network

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

Options news you can use for Monday, May 13, 2019.

Interview with Jim Toes, President and CEO at Security Traders Association UPDATE ON STA INITIATIVES - WHAT ARE YOU DOING IN THE OPTIONS MARKET? WHAT ARE YOU HEARING FROM YOUR MEMBERS ON THE OPTIONS FRONT? WHAT BRINGS YOU TO THE OIC CONFERENCE?' DO YOU HAVE HOPES ON THE CAPITAL RULES FRONT? WHAT ARE YOUR CURRENT REGULATORY INITIATIVES WITH THE SEC? UPCOMING STA CONFERENCE IN DC - WHEN IS IT AND WHAT CAN WE LOOK FORWARD TO? WHO SHOULD ATTEND? OPTIONS CONTENT AT THE CONFERENCE? ANYTHING NEW AT STA?

Talking Volatility, Liquidity, Algos and TCA With FlexTradeOur guest today is Rob Brogan, VP of Equity Options at Flextrade. Mark and Rob discuss: What is Flextrade? Is Flextrade flexing its muscles in the TCA space? How do you determine the best order routing for options based on liquidity? Breaking into options backtesting. Does the increasing options fragmentation lead to more opportunities for algos? How did the market turbulence of 2018 impact the options technology market? And much more...

GUEST: ED SZADO - Associate Professor of Finance at the Providence College School of Business. Prof. Ed discusses his study Endowment Risk Management and Return Enhancement with Listed Index and ETF Options with Mark. He explains his findings to our listeners. Were there any surprises that he learned in doing the study? What takeaways does he have from the study?

Interview with Ed Boyle, CEO at BOX Options Exchange. WHAT A DIFFERENCE A YEAR MAKES! LAST YEAR WAS A RECORD FOR OPTIONS VOLUME. THIS YEAR NOT SO MUCH. DO YOU THINK WE'RE ON TRACK TO BEAT 2018? WHAT'S YOUR OUTLOOK FOR THE REST OF THE YEAR FROM A VOLUME PERSPECTIVE? HEALTHY GROWTH? SAME? DECLINE? UPDATE ON THE TRADING FLOOR - WHAT IS TRADING ON IT? WHEN CAN I COME SEE IT? BOX & VOLATILITY: WHEN WILL WE SEE THE REALVOL PRODUCTS? REALVOL/REAL DAY ANY OTHER PROPRIETARY PRODUCTS ON THE DOCKET? ARE YOU LAUNCHING A BOX FUTURES EXCHANGE? 16 EXCHANGES - WHEN IS BOX GETTING INTO THE GAME? AFTER HOURS OPTIONS TRADING? WHAT'S THE NEXT BIG INNOVATION COMING TO THE OPTIONS MARKET? WHAT BRINGS YOU TO OIC THIS YEAR? ANY ANNOUNCEMENTS? WHAT CAN WE DO TO HELP MARKET MAKERS? AUCTIONS? DISPLAYED QUOTES? COMPLEX ORDER BOOKS: HOW DO WE GET THEM TO TALK TO EACH OTHER? AFTER HOURS TRADING FOR OPTIONS? OTHER NEW BOX PRODUCTS? BOX AND CRYPTO?

CATCHING UP WITH AN OPTIONS ICON - Thomas Peterffy Our CEO had a chance to catch up with an options icon at OIC 2019. Their far-reaching conversation covered: - Highlights from Thomas's 42-year career in the options market - What is the enduring legacy of Interactive Brokers? - Thomas's views on the new wave of zero commission brokerage firms invading the space. - Why he decided to exit the options market-making business. - Does he feel the options markets were irreparably harmed when exchanges became for-profit companies? - Is he pleased with the performance of his stock on IEX? - Is he still a proponent of a randomized speed bump for stocks and options? - Did the options market drop the ball by allowing esoteric products like XIV to become prevalent with retail traders? - His thoughts about crypto as an asset class? - What excites him about the future of the options market? - And much more...

Options news you can use for Friday, May 10, 2019.

Topics this week include: Equities Crude Oil Metals/Gold FUTURES OPTIONS FEEDBACK Question from Desanya - Can you get the dairy folks on the show from CME? Also is CME planning to list more crypto anytime soon? Question from LDC - There are rumors that CFTC is looking to approve ether futures. Can we expect an Eth offering from CME anytime soon? Question from McIge - Has anyone ever put out an index with the top 5 or 10 names by market cap in the respective indices. Seems like you could get the lion's share of the move in big indices like SPY or SPX with just a few names.

TRADING BLOCK Trade war premium is back Most active indices - VIX: 564k, SPY: 2.16M, SPX: 825k Most active equity options - AAPL, INTC, DIS, AMD, ROKU, FB, BABA, BAC, TSLA, AMZN Uber IPO pricing at the middle of its range. Earnings Highlights Friday: JD.com (JD), Marriott International (MAR), Tribune Media (TRCO), Viacom (VIAB) before market open Uber IPO on Friday, May 10. ODD BLOCK Lits puts in Apple Inc (AAPL) - from 3-21 Put love in Barclays PLC (BCS) Put love in Nordstrom, Inc. (JWN) MAIL BLOCK #Options #QOTW - Looks like the #TradeWar premium is back in effect. $VIX is back over 22. Our question this week is will this premium last? Quite simply - where will $VIX close NEXT Friday 5/17? Here: 21-23 Higher: >23 Lower: 19-21 Still Lower: Question from KO - You guys buying this $VIX pop here? Question from Tela - Question for Fidelity Hot Seat host - does Fidelity offer zero commissions when closing out short option trades below $.10? AROUND THE BLOCK This week in the market: May 9: Jobless Claims, International Trade, PPI May 10: CPI, Treasury Budget