This Week in Futures Options

HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP CO-HOST: SEAN SMITH, MD OF DERIVATIVES LICENSING, FTSE RUSSELL WHAT WERE THE MOVERS AND SHAKERS IN FUTURES OPTIONS THIS WEEK? WTI POTENTIAL TRADE WAR END GIVES LIFT TO CRUDE THE RETURN OF GLOBAL DEMAND DRIVING UP PRICES CRUDE PRODUCTION SHIFTING TO SHORTER TERM? NAT GAS Ready For NatGas' Biggest Bull Market This Year? The biggest bull market of the year in natural gas is shaping up, with huge stakes riding on an intense freeze forecast in the eastern two-thirds of the United States — the country’s most-closely watched heating market. EQUITIES TRADE WAR OPTIMISM LIFTING MARKETS, CRUSHING VOLATILITY VIX 12.4 - DOWN 1 VVIX: 89 - UP 1 FROM LAST SHOW RVX: 16.70 - DOWN .7 FROM LAST WEEK  VIX/RVX SPREAD - 4.3 - EVEN WIDER THAN LAST WEEK FX EURODOLLAR OPTIONS FUTURES OPTIONS FEEDBACK QUESTION FROM LLJ: What are the tickers for the russell 2000 buywrite indices? QUESTION FROM YTI97: Are the puts in rut options more bid than the similar term puts in s&p?

HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP CO-HOST: SEAN SMITH, MD OF DERIVATIVES LICENSING, FTSE RUSSELL WHAT WERE THE MOVERS AND SHAKERS IN FUTURES OPTIONS THIS WEEK? RATES FED CUTS RATES FOR THIRD TIME THIS YEAR FED CUT BY A QUARTER POINT WAS EXPECTED BY THE MARKET - FEDWATCH TOOL WAS AT 95% QUESTION FROM NEIL: What is fedwatch saying now about cut in Dec? QUESTION FROM NTILL: Did you guy see the recent issue with eurodollar quotes? Maybe this is what’s driving some of the volume in the options lately? RE: THIS STORY - Futures Exchange Reins In Runaway Trading Algorithms     EQUITIES DOUBTS ON THE TRADE DEAL SPOOK THE MARKET IN THE WAKE OF FED DECISION VIX 13.35 - UP .35 VVIX: 86.5- UNCHD FROM LAST SHOW VXX: 19.95 - NEARLY UNCHD FROM LAST SHOW  RVX: 17.40 - DOWN .3 FROM LAST WEEK  VIX/RVX SPREAD - 4.05 - SLIGHTLY WIDER THAN LAST WEEK WTI Oil falls 1% as US inventory rises NAT GAS Natural Gas Experts: 'Follow The Money, Forget The Cold'  METALS Gold futures climb above $1,500 to log highest finish in 5 weeks FUTURES OPTIONS FEEDBACK QUESTION FROM JAKE: Why do products like dairy and iron ore that move quite a bit have such light or nonexistent options volume? QUESTION FROM LILEANTHAL: What’s the answer as to why weekly WTI options don’t trade? QUESTION FROM BEAMS: I think the long-term russell 2000 put trader is a seller taking advantage of inflated put skew to generate higher premiums than comparable spy strikes. Thoughts? QUESITON FROM ELTIM: Do you buy that metals only selloff when the calls are bid?

 TWIFO 174: Dairy Action And Mysterious Metals Skew HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP CME HOT SEAT GUEST: RUSSELL RHOADS, TABB GROUP WHAT WERE THE MOVERS AND SHAKERS IN FUTURES OPTIONS THIS WEEK? DAIRY MARKET ? EQUITIES MARKET BACK IN RALLY MODE.  VIX: 13.8 - DOWN .5PTS FROM LAST SHOW  VVIX: 86.5- DOWN 3 FROM LAST SHOW VXX: 20.6 - DOWN .2 FROM LAST SHOW  RVX: 17.68 - ALMOST UNCHD FROM LAST WEEK  VIX/RVX SPREAD: 3.9 - SLIGHTLY WIDER THAN LAST WEEK CRUDE OIL ? METALS Gold and Silver Options Pointing to a Pullback? by Erik Norland CRYPTO ? FUTURES OPTIONS FEEDBACK QUESTION FROM TIM: Can we get some FX heading into Brexit? QUESTION FROM NILES: What is fedwatch telling us ahead of fomc? Any surprises? QUESTION FROM TLLET: Does a high call skew always mean rally ahead?

HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP CME HOT SEAT GUEST: SEAN SMITH, MD OF DERIVATIVES LICENSING, FTSE RUSSELL WHAT WERE THE MOVERS AND SHAKERS IN FUTURES OPTIONS THIS WEEK? RATES Eurodollar EQUITIES   MARKET BACK IN RALLY MODE.  VIX 13.90 - DOWN 1.1PTS FROM LAST SHOW  VVIX: 92.5- DOWN 3.5 FROM LAST SHOW RVX: 17.75 - DOWN 4.15 FROM LAST WEEK  VIX/RVX SPREAD - 3.8 - NEARLY A POINT WIDER THAN LAST WEEK   NAT GAS AGS Wheat Oats Corn CRYPTO FUTURES OPTIONS FEEDBACK QUESTION FROM TWENTY9: Why is physically deliverable crypto such a big deal? QUESTION FROM DWITE: Have you guys talked about iron ore on the show? If not can you add it to the rotation since it’s moving. Thanks so much.  QUESTION FROM CHUCK MENDEZ: Why do you think there’s so much downside put paper in russell 2000? QUESTION FROM ELE5: Why are there no more rvx options? 

HOST: Mark Longo, The Options Insider Media Group CME HOT SEAT GUEST: ANDREW GIOVINAZZI, THE OPTION PIT WHAT WERE THE MOVERS AND SHAKERS IN FUTURES OPTIONS THIS WEEK? Seven Themes to Ponder as We Head for 2020 by Bluford Putnam  RATES EQUITIES   MARKET BACK IN RALLY MODE.  VIX BACK OVER A 20 HANDLE ON TUES - HIGH OF 20.30 on WEDS.  VIX 18 - UP 1 PT FROM LAST SHOW  VVIX: 100- UP 3.5 FROM LAST SHOW RVX: 21.90 - UNCHD FROM LAST WEEK    VIX/RVX SPREAD - 2.9 - MUCH TIGHTER THAN LAST WEEK NAT GAS   Natural-Gas Producers Hard Hit by Tanking Prices   METALS Is Gold About to Outperform Equities? By Erik Norland October 1, 2019  FUTURES OPTIONS FEEDBACK QUESTION FROM Barrett Wade @BarrettWade3 - Hey there. Do you guys have a rule of thumb to keep from overpaying for an option? QUESTION FROM TOMLIAM: Are commodity names where the call skew is very high good candidates for covered call writing?

HOST: Mark Longo, The Options Insider Media Group CO-HOST: Sean Smith, MD - Derivatives Licensing, FTSE Russell   CME HOT SEAT GUEST: Derek Sammann, Senior Managing Director, Global Head of Commodities & Options Products at CME Group WHAT WERE THE MOVERS AND SHAKERS IN FUTURES OPTIONS THIS WEEK? EQUITIES   VIX BACK OVER A 20 HANDLE ON WEDS. HIGH OF 21.40 on WEDS.  VIX 19.5 - UP 3. FROM LAST SHOW  VVIX: 100 - UP 1 FROM LAST SHOW VXX: 26 - UP 2.3 FROM LAST SHOW RVX: 21.90 - UP .9 PTS FROM LAST WEEK  VIX/RVX SPREAD - 2.4 - MUCH TIGHTER THAN LAST WEEK SEAN - ANY INTERESTING RUSSELL DEVELOPMENTS/STUDIES? RUSSELL 2000 FOCUS PANEL - ANY TAKEAWAYS ANY INTEREST FROM EUROPEAN CLIENTELE ON U.S. SMALLCAP STOCKS? SOME INTERESTING NUGGETS FROM CBOE ON RVX       Research by Blu Putnam - Seven Themes to Ponder as We Head for 2020 CRUDE Rogue Oil Trader Causes $320 Million Loss at Mitsubishi Corp. Unit METALS Research by Erik Norland - Is Gold About to Outperform Equities? FUTURES OPTIONS FEEDBACK QUESTION FROM EL DOCTORO: It seems like when a company from the Russell1000 moves into the Russell2000, its stock price rises. True? If so, why?  What happens when a stock moves the opposite way? Futures Options and STA Interview with Derek Sammann, Senior Managing Director, Global Head of Commodities & Options Products at CME Group, at the Security Traders Association Market Structure Conference in Washington DC.

HOST: Mark Longo, The Options Insider Media Group   CO-HOST: Sean Smith, MD - Derivatives Licensing, FTSE Russell   CME HOT SEAT GUEST: Tim McCourt, MD - GLOBAL HEAD OF EQUITY PRODUCTS, CME Group   WHAT WERE THE MOVERS AND SHAKERS IN FUTURES OPTIONS THIS WEEK? EQUITIES   IMPEACHMENT VOL PREMIUM IS IN THE AIR.  VIX 16.85 - UP 1.7 FROM LAST SHOW  VVIX: 101.5 - UP 1 FROM LAST SHOW RVX: 21 - UP 2.3 PTS FROM LAST WEEK  VIX/RVX SPREAD - 4.15 - MUCH TIGHTER THAN LAST WEEK SEAN - ANY INTERESTING RUSSELL DEVELOPMENTS/STUDIES FROM RMC? RUSSELL 2000 FOCUS PANEL - ANY TAKEAWAYS ANY INTEREST FROM EUROPEAN CLIENTELE ON U.S. SMALLCAP STOCKS? ANY INTEREST IN RVX FROM EUROPE?       THE RETURN OF CRYPTO   Recorded interview with Tim McCourt - CME Group    

HOST: MARK LONGO, OPTIONS INSIDER MEDIA GROUP CME HOT SEAT GUEST: RUSSELL RHOADS, TABB GROUP WHAT WERE THE TOP 10 CME OPTIONS ON FUTURES YEAR TO DATE/AUGUST? CRUDE OIL  A historic week for crude oil!  IRANIAN STRIKES DESTROYED A SUBSTANTIAL AMOUNT OF SAUDI PRODUCTION - APPROX 5% OF GLOBAL OUTPUT.  AGS September Crop Report Shows Slight Yield Declines Both corn and soybean production down.  EQUITIES MARKETS RECOVERED FROM SAUDI OIL ATTACK - SPOOKED BY THE FED THOUGH  VIX 13.35 - DOWN 1.5 FROM LAST SHOW  VVIX: 96.6 - DOWN 4 FROM LAST SHOW VXX: 21.8 - DOWN 1.6 FROM LAST SHOW  RVX: 18.70 - UNCHD FROM LAST WEEK  VIX/RVX SPREAD - 5.4 - EVEN WIDER THAN LAST WEEK BIG RUSSELL 2000 PRINT THIS WEEK - WEEK 3 NOV 1500 PUTS METALS Will the Fed decision lift gold? FUTURES OPTIONS FEEDBACK  QUESTION FROM RETRIBRAND: What is the most interesting cme product from a skew perspective? QUESTION FROM ELY: Checking out the OIR back catalog and came across the early episodes of TWiFO. My how the commodity landscape has changed. In those early episodes you were talking about soybeans as great candidates for collar trades. Do you foresee us getting back to that situation anytime soon? Any other products where collars might be favorable?

HOST: MARK LONGO, OPTIONS INSIDER MEDIA GROUP CO-HOST: NICK HOWARD, BANTIX TECHNOLOGIES CME HOT SEAT GUEST: ADAM WEBB, FOUNDER OF MACROHEDGED WHAT WERE THE MOVERS AND SHAKERS THIS WEEK? CRUDE OIL  Oil prices fall after OPEC+ talks, ECB rate cut AGS TRUMP TWEET MOVING AG MARKETS RAN INTO A LISTENER YESTERDAY WHO ASKED FOR MORE AG OPTIONS CONTENT ON THE SHOW.  SOYBEANS Ahead of trade talks, China makes biggest U.S. soybean purchases since June - traders Illinois soybean farmers fear Trump tariff damage will be permanent  EQUITIES MARKETS BACK IN RALLY MODE AFTER A CRAZY WEEK  VIX: 14.15 -  DOWN 1.15 FROM LAST SHOW  VVIX: 95.5 - UP 2.35 FROM LAST SHOW VXX: 23.4 - DOWN 1.1 POINTS FROM LAST SHOW  RVX: 18.70 - DOWN 1.5 PTS FROM LAST WEEK  VIX/RVX SPREAD:  4.65 - EVEN WIDER THAN LAST WEEK FUTURES OPTIONS FEEDBACK  QUESTION FROM CLC: Which contract has the steepest bid for puts in the S&P emini? QUESTION FROM TENDA: Can you do some deeper dives into ag options on the program. I love this show. There's really nothing else like it.  QUESTION FROM L09: Any recs for someone looking to maybe become a market maker/specialist in fut opts? Firms? Products? Any input would be appreciated. Keep up the fine work.

HOST: MARK LONGO, OPTIONS INSIDER MEDIA GROUP CME HOT SEAT GUEST: ANDREW GIOVINAZZI, OPTION PIT WHAT WERE THE MOVERS AND SHAKERS THIS WEEK? TOP 5 - IT’S METALS WEEK! EQUITIES MARKETS BACK IN RALLY MODE AFTER A CRAZY WEEK  VIX 15.75 - DOWN 2.5 FROM LAST SHOW  VVIX: 95 - DOWN 6.5 FROM LAST SHOW VXX: 25.3 - DOWN 1.7 POINTS FROM LAST SHOW  RVX: 20.2 - DOWN 1.2 PTS FROM LAST WEEK  VIX/RVX SPREAD - 4.5 - MUCH WIDER THAN LAST WEEK METALS Silver Gold  CRUDE OIL  FUTURES OPTIONS FEEDBACK  QUESTION FROM DEREK: What is the best way to play the increasing divergence in volatility between russell 2000 and emini? QUESTION FROM TEATIME: Thoughts on current gold/silver ratio? One can clearly see that silver is outperforming gold by looking at the gold silver spot ratio. Currently it is at 79, which means each ounce of gold is the equivalent of 79 ounces of silver.