The Options Insider Radio Network

Today we are discussing a skip strike butterfly in Amazon. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Do you have a question that you want answered on a future episode? Send them to Brian at theoptionsguy@invest.ally.com, or to the Options Insider at questions@theoptionsinsider.com.

Guest: Russell Rhoads Topics this week include Crude Oil Metals/Gold Equities/Russell 2000 FUTURES OPTIONS FEEDBACK Comment from MCB - Took Dogecoin profits this morning. This crypto rally can't get much hotter! Question from Lightcon - Why no brent love on the show? Comment from Lachlan comport - Best options podcast full stop. Question from Colby Alvarez - What is the weirdest print you've seen go up on this show?

INTERVIEW BLOCK Guest: Greg Stevens, Vice President - Fidelity Investments MAIL BLOCK Question from Mart03 - What is the cheapest way to buy a put? Question from Flyer - What are some of the best ways to trade put options? Question from Lincan - My go to options strategy is to sell covered puts on stocks that I want to buy then get paid to wait. If the stock comes my way I eventually trade out of it using a covered call. What do you think? Savvy or stupid?

Options news you can use for Thursday, May 2, 2019.

Tune in as host Joe Burgoyne interviews Tony Zhang, Chief Strategist at OptionsPlay, about debit spreads. Learn the definitions and considerations that may be helpful when deploying this slightly complex strategy. Then, Joe will review valuable tools and resources that are currently available on OIC's website.

TRADING BLOCK Most active equity options: DIS, BAC, AAPL, TSLA, GE, FB, COTY, INTC, TWTR, AMD Earnings Highlights: Monday - Spotify (before bell), Alphabet (after bell) Tuesday - GE, McDonalds, Pfizer, Merck, GM, Apple Wednesday - Qualcomm Thursday - Activision Blizzard, Herbalife Friday - Cboe ODD BLOCK Call love in Hartford Financial Services Group Inc (HIG) Line-in-the-sand puts Nordstrom, Inc (JWN) Put love in Qurate Retail Inc (QRTEA) STRATEGY BLOCK This week we discuss some thoughts on calculating the expected move of a stock going into earnings MAIL BLOCK #Options #QOTW - #EarningsSeason continues to rock and roll. Many big names are on the docket this week. Which of these big names are you most excited to trade in your #Options portfolio this week? - $GE - $AAPL - $GOOGL - $MCD Question from AGDC - How much did you guys love #Endgame? AROUND THE BLOCK This week in the market: Apr 29 - Personal Income and Outlays Apr 30 - Consumer Confidence May 1 - Construction Spending, FPMC Meeting May 2 - Jobless Claims, Factory Orders May 3 - Unemployment, International Trade

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 or long vol that's winning the day right now? CRYSTAL BALL Two weeks ago: Mark L. - 13.25 Mark S. - 12.37 Next week: Mark L. - 12.75 Mark S. - 12.37

Topics this week include: Crude Oil Ags Metals/Gold Equities/Russell 2000 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?

TRADING BLOCK Welcome to our 800th episode! Most active indices: VIX - 348k, SPY - 1.14M, SPX - 572k Most active equity options: FB, TSLA, MSFT, AAPL, DIS, AMD, TWTR, T, SNAP, BAC Earnings Highlights: Tuesday - Twitter, Snap Wednesday - FB, Tesla, Microsoft, Boeing, Chipotle, PayPal, WWE Thursday - Amazon, Starbucks, Intel, Grubhub, Mattel 800th EPISODE MAIL BLOCK PALOOZA #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 Arbitar - What's the real reason that you think so many people are gobbling up crazy Tesla puts? Comment from BTCVIX - Way back in 2012 and 2013 I started listening Longo and the rest of the crew -- I am pretty sure I am on record at some point asking the first Bitcoin question late 2013. Obviously I choose to stick with my taste in volatility world and choose my name as @BTCVIX lol Question from Rayman5839 - Hi! Is the option premium counted toward exercising an option when in the money?. New to options, thanks...So it would only be profitable if the intrinsic value heavily outweighs extrinsic? Question from Vaseris - Hello OB. Do you guys think there is one thing that all options traders do that is a mistake? Question from Big T - I've been listening to this show since the early days and am incredibly thankful for the years of great content and education you have provided. I would like to show my support and gratitude in some way for all that you've done. Do you have a store or a Patreon or something that I can buy to say thanks for making such a great network?