Volatility Views

VOLATILITY VIEWS 397: Floor Traders vs. Volatility, Plus TSLA, AMZN, AAPL & More 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 APRIL WAS A GOOD MONTH FOR STOCKS MARKET RALLIED EARLIER IN THE WEEK OFF HOPE FOR GILLEAD’S CORONAVIRUS TREATMENT. NOW THAT RALLY IS FADING IN THE WAKE OF RENEWED TRADE HOSTILITIES  WITH CHINA. ECONOMY STRUGGLING SPIKES: 38.5 - UP 1 FROM LAST SHOW VIX CASH: 38 - UP .75 FROM LAST SHOW VVIX: 121 - UP 4 FROM LAST SHOW CBOE PLANS REOPENING OPTIONS FLOORS JUNE 1 OCC APRIL VOLUME: FUTURES DOWN 52.1 FROM APRIL 2019 LOOKING AT EARNINGS VOLATILITY THIS WEEK PARTICULARLY IN TESLA (AND MUSK’S FOLLOW UP RANT), AMZN, AAPL AND MORE.     VOLATILITY VOICEMAIL QUESTION FROM EDSON: WHY DO YOU THINK SO MANY FIRMS ARE UNDERPRICING VOLATILITY THIS EARNINGS SEASON? CRYSTAL BALL WHERE WILL VIX/SPIKES BE NEXT WEEK?

VOLATILITY VIEWS 396:  THE CRUDE VOLATILITY WHIRLWIND HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP CO-HOST: MARK SEBASTIAN, THE OPTION PIT MIAX HOT SEAT:  TOM JARCK, MIAX EXCHANGE GROUP MIAX HOT SEAT:  SHELLY BROWN, MIAX EXCHANGE GROUP GUEST CO-HOST: MATT AMBERSON, OPTION RESEARCH & TECHNOLOGY SERVICES VOLATILITY REVIEW SEGMENT SO MUCH FOR THE CURE: MARKET RALLIED LAST WEEK OFF HOPE FOR GILEAD'S CORONAVIRUS TREATMENT. THIS WEEK NOT SO MUCH.  CRUDE OIL APOCALYPSE: WE ALL DISCOVERED THAT WTI CAN GO NEGATIVE SPIKES: 37.5 - DOWN 1.5 FROM LAST SHOW VIX CASH: 37.25 - DOWN 1.75 FROM LAST SHOW VVIX: 117 - DOWN 10 FROM LAST SHOW LOOKING AT EARNINGS VOLATILITY THIS WEEK. THE EARNINGS SEASON HAS RETURNED LITTLE SO FAR TO VOLATILITY BUYERS. VOLATILITY VOICEMAIL QUESTION FROM JACK: WHY IS VXX UP THIS WEEK QUESTION FROM NEILP: IS IT WORTH IT TO SELL IRON CONDORS ONE WEEK BEFORE EARNINGS AND THEN CLOSE THEM THE DAY BEFORE, OR MAYBE RIGHT BEFORE, THE EARNINGS ANNOUNCEMENT?  MAYBE I’M JUST SPINNING MY WHEELS HERE. QUESTION FROM JJC: WHY HAS NO OTHER FLAVOR OF VIX REALLY CAUGHT ON WITH THE TRADING WORLD? VIX IS A HUGE HIT BUT OTHER VARIANTS AND ITERATIONS NOT SO MUCH.       CRYSTAL BALL WHERE WILL VIX/SPIKES BE NEXT WEEK?

Volatility Views 395: A CURE FOR VOLATILITY? HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP CO-HOST: MARK SEBASTIAN, THE OPTION PIT MIAX HOT SEAT:  TOM JARCK, MIAX EXCHANGE GROUP MIAX HOT SEAT:  SHELLY BROWN, MIAX EXCHANGE GROUP GUEST CO-HOST: ILYA FEYGIN, WALLACHBETH CAPITAL VOLATILITY REVIEW SEGMENT THE CURE?: MARKET IS RALLYING TODAY OFF STRONG RESULTS FOR GILLEAD’S CORONAVIRUS TREATMENT. ALTHOUGH PERHAPS NOT THE “CURE RALLY” WE EXPECTED SPIKES: 39 - DOWN 10 FROM LAST SHOW VIX CASH: 39 - DOWN 10 FROM LAST SHOW VVIX: 127 - DOWN 18 FROM LAST SHOW VOLATILITY VOICEMAIL QUESTION FROM NIC: EVERYONE'S LOOKING AT WAYS TO GET LONG NOW INCLUDING STOCK SUBSTITUTION STRATS LIKE THE FIG LEAF. BUT WHY DOES NO ONE TALK ABOUT STOCK SUBSTITUTION IN VOL PRODUCTS? OR I GUESS IT WOULD BE FUTURES SUBSTITUTION INSTEAD. GREAT SHOW. QUESTION FROM NIC: I’M ONLY TRADING WEEKLIES RIGHT NOW TO AVOID WEEKEND VOLATILITY. AM I BEING PARANOID?     CRYSTAL BALL WHERE WILL VIX/SPIKES BE NEXT WEEK?

Volatility Views 394:  Vol Man Is Sad HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP CO-HOST: MARK SEBASTIAN, THE OPTION PIT MIAX HOT SEAT:  TOM JARCK, MIAX EXCHANGE GROUP MIAX HOT SEAT:  SIMON HO, T3 INDEX  VOLATILITY REVIEW SEGMENT TERRIBLE NONFARMS -AS EXPECTED HIGHEST VOLUME MONTH EVER FOR U.S. EQUITY OPTIONS INDUSTRY SPIKES: 49 - DOWN 14.5 FROM LAST SHOW VIX CASH: 49 - DOWN 15 FROM LAST SHOW VVIX: 145 - DOWN 30 FROM LAST SHOW VOLATILITY VOICEMAIL QUESTION FROM ADAM: IS IT SAFE TO START BUYING OPTIONS AGAIN IN VXX? HAS THE VOL CRASH HAPPENED YET?  CRYSTAL BALL WHERE WILL VIX/SPIKES BE NEXT WEEK?

Volatility Views 393: Volatility and Vegan Meatballs   HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP CO-HOST: MARK SEBASTIAN, THE OPTION PIT MIAX HOT SEAT:  SHELLY BROWN, EXECUTIVE VP, MIAX VOLATILITY REVIEW SEGMENT $2T STIMULUS APPROVED BY HOUSE - HEADED TO TRUMP FOR SIGNATURE.  THE MOTHER OF ALL DEAD CAT BOUNCES? SPIKES: 63.5 - UNCHD FROM LAST SHOW VIX CASH: 64 - UNCHD FROM LAST SHOW VVIX: 175.5 - DOWN 13 FROM LAST SHOW VOLATILITY VOICEMAIL QUESTION FROM PANKASE: WHAT ARE YOUR THOUGHTS ABOUT PLAYING IN LONGER-TERM VOL HERE - 1YR PLUS OUT. WORTH IT OR NOT ENOUGH VEGA BANG FOR YOUR BUCK? QUESTION FROM ALEX LUNDGREN: WILL SOMEONE PLEASE EXPLAIN THE  $VIX AND APRIL FUTURE DISCONNECT TO ME??  CRYSTAL BALL WHERE WILL VIX/SPIKES BE NEXT WEEK?

Volatility Views 392:  HOW MUCH VOLATILITY CAN WE HANDLE?    HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP CO-HOST: MARK SEBASTIAN, THE OPTION PIT MIAX HOT SEAT:  SHELLY BROWN, EXECUTIVE VP, MIAX MIAX HOT SEAT: TOM JARCK, VOLATILITY PRODUCTS SPECIALIST, MIAX GUEST CO-HOST: EUAN SINCLAIR, PARTNER, TALTON CAPITAL MANAGEMENT     VOLATILITY REVIEW SEGMENT   HERE WE GO AGAIN! YET ANOTHER CRAZY VOLATILITY WEEK ON THE BOOKS.  CALIFORNIA LOCKED DOWN, NEW YORK BANNING EMPLOYEES FROM GOING TO WORK: YET THE MARKET WAS RALLYING.  VOLATILITY PRODUCTS HITTING ABSURD LEVELS ACROSS THE BOARD - TVIX HIT 969 ON 3/18, VXX HIT 77 ON 3/18, ETC.  SPIKES: 63.5 VIX CASH: 64 VVIX: 188.75 VOLATILITY VOICEMAIL   QUESTION FROM MATT: I KNOW VOLATILITY HAS NO THEORETICAL LIMIT. IT CAN ALWAYS GO TO A MILLION. BUT IS THERE A PRACTICAL CEILING WHERE YOU THINK VIX CAN’T REALLY GET ABOVE? NOT WITHOUT THE WORLD FALLING APART. QUESTION FROM TOG: HELLO VOL CREW. WHAT ARE YOUR THOUGHTS ON GETTING BACK ON THE SHORT VXX TRAIN. CRYSTAL BALL WHERE WILL VIX/SPIKES BE NEXT WEEK?

Volatility Views 391:  Once More Unto the Breach HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP CO-HOST: MARK SEBASTIAN, THE OPTION PIT MIAX HOT SEAT: SIMON HO, CEO, T3 INDEX   VOLATILITY REVIEW SEGMENT HOT ON THE HEELS OF THE WORST SELLOFF SINCE 1987 A HISTORIC WEEK FROM ANY PERSPECTIVE! CME CLOSED ITS TRADING FLOOR TO START THE WEEK NOW CBOE IS FOLLOWING SUIT AFTER TODAY SPIKES: 70 - UP 23 FROM  LAST SHOW VIX CASH: 72.4 - UP 24 POINTS FROM LAST SHOW VVIX: 178.50 - UP 51.5 FROM LAST SHOW HOT VOLATILITY POSITIONS AND TRADES  SPIKES VIX OPTIONS VXX VOLATILITY VOICEMAIL QUESTION FROM MIKE WIENICK: IF THE MARKETS ARE SHUT DOWN DUE TO THE EXTRAORDINARY CIRCUMSTANCES AND I HAVE EXPIRING IN THE MONEY PUTS THAT I  BOUGHT - WHAT HAPPENS? ARE THE EXPIRING OPTIONS AUTOMATICALLY EXERCISED OR ARE DO JUST EXPIRE WORTHLESS BECAUSE THE MARKET WAS SHUTDOWN? CRYSTAL BALL WHERE WILL VIX/SPIKES BE NEXT WEEK? MARK: 61.5 SEBASTIAN: 56.25 SIMON: 55

Volatility Views 390:  Volatility Is Feeling The Bern   HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP CO-HOST: MARK SEBASTIAN, THE OPTION PIT MIAX HOT SEAT: RUSSELL RHOADS, TABB GROUP   VOLATILITY REVIEW SEGMENT CBOE RISK MANAGEMENT CONFERENCE RUNDOWN. ANOTHER ROUGH WEEK FOR THE MARKET. SPIKES: 46.90 - UP .15 FROM  LAST SHOW VIX CASH: 48.4 - UP 2.4 POINTS FROM LAST SHOW VVIX: 126.90 - UP .15 FROM LAST SHOW HOT VOLATILITY POSITIONS AND TRADES  SPIKES VIX OPTIONS VXX VOLATILITY VOICEMAIL QUESTION FROM LANCASTER: HAVE YOU HEARD ANY MORE ABOUT THE STATUS OF SVIX? CRYSTAL BALL WHERE WILL VIX/SPIKES BE NEXT WEEK? MARK: 43.5 SEBASTIAN: 49.38 RUSSELL: 37

Volatility Views 389: The Great Volatility Standoff HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP CO-HOST: ANDREW GIOVINAZZI, THE OPTION PIT MIAX HOT SEAT: SIMON HO, T3 INDEX   VOLATILITY REVIEW SEGMENT THIS IS A HISTORIC WEEK BY ANY MEASURE.  DOW SET FOR IT’S 5TH WORST WEEK OF ALL TIME. SPX: S&P OFF OVER 10% SPIKES: 46.75 - UP 33 FROM  LAST SHOW  VIX CASH: 46 - UP 32 POINTS FROM LAST SHOW VVIX: 126.75 - UP 28 FROM LAST SHOW HOT VOLATILITY POSITIONS AND TRADES  SPIKES VIX OPTIONS VXX VOLATILITY VOICEMAIL QUESTION FROM YELA: DID 50 CENT TAKE HIS PROFITS? THANK YOU.  QUESTION FROM THOMAS: I’VE HEARD IT SAID THAT IT’S BEST TO BUY VIX WHEN IT’S HIGH AND SELL IT WHEN IT’S LOW? IS THAT TRUE? WHY? CRYSTAL BALL WHERE WILL VIX/SPIKES BE NEXT WEEK? MARK: 32.45 ANDREW: 29.50 SIMON: 43

Volatility Views 388: Remarkably Unremarkable Volatility HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP CO-HOST: ANDREW GIOVINAZZI, THE OPTION PIT MIAX HOT SEAT: SIMON HO, T3 INDEX MIAX HOT SEAT: PAT HENNESSY, IPS STRATEGIC CAPITAL   VOLATILITY REVIEW SEGMENT MARKETS DOWN SLIGHTLY AFTER A STRONG WEEK - RALLIED FOR MOST OF THE WEEK UNTIL TODAY  IMPEACHMENT FEARS ARE BEHIND US APPARENTLY PANDEMIC FEARS ARE APPARENTLY ALSO BEHIND US NOTHING HAS BEEN ABLE TO UNSEAT THIS PHENOMENAL RALLY IN U.S. EQUITIES. NOT A TRADE WAR. NOT A PANDEMIC. NOT ASSASSINATIONS. NOTHING. EXPLORING WHY FIFTY CENT HASN'T CLOSED MORE OF HIS VIX OPTIONS POSITION SPIKES: 14.60 - DOWN .4 FROM  LAST SHOW VIX CASH: 14.2 - DOWN .8 FROM LAST SHOW VVIX: 98.3 - UP 3.3 PTS FROM LAST SHOW   HOT VOLATILITY POSITIONS AND TRADES  SPIKES VIX OPTIONS VXX CRYSTAL BALL WHERE WILL VIX/SPIKES BE NEXT WEEK? MARK: 15.25 ANDREW: 14.85 SIMON: 14.5/14.65 PAT: 13.5