This Week in Futures Options

Topics this week include: WTI Gold Corn! Futures options feedback: Listner questions and comments Question from TradeAlytics - Can you please confirm the last trade time for LOX6? Plus, symbology Question from Crude - Is the put/call ratio useful when trading crude? You can find all the cool reports Nick talks about on www.cme.com/twio.

Topics this week include: Gold WTI Soybeans Futures Options Feedback: Listener questions and comments Tweet from SellPuts - Is #Gold-pocalypse going to continue? Yes, particularly if the dollar index keeps moving towards 98 and above. Comment from Ben Green - OI Heat Maps: One of the best I've seen for visualization of open interest. Thank you! Question from TCal - I am a somewhat new oil options trader primarily in WTI. Over the last few months I have noticed that the majority of volume trades in the front month. This is particularly true in active weeks such as during the OPEC meeting. I have had success buying weekly options going into these events. But in these same active periods I have not seen the surge of activity in the weekly WTI that I expected. This is surprising given the similar interest in weeklies in most other option products. Is this a function of the large institutional presence in WTI options? Perhaps there is a nuance of the product that I am missing that is not conducive to weeklies? I would appreciate your insight into this. Thank you for producing so much great free programming on your network. You can find all the cool reports Nick talks about on www.cme.com/twio.

This week your TWIFO hosts discuss: Crude! Pop in IV, love affair with upside calls. WTI lights it up with the Nov 50 strike. Gold! Vol hits multi-year lows. People are paying the rent in gold Surprise product of the week: Lean hogs. 52 puts lighting up the tape. Skew is askew Futures Options Feedback: Listener questions and comments Question from Vegs: Futures have a 63% win rate. How do options compare? What profit percentage do options traders get? Question from Charlie: The economic calendar has many clues as to what might happen. Being a futures trader, I know what to watch. Is there something similar for options traders? You can find all the cool reports Nick talks about on www.cme.com/twio.

This week your TWIFO hosts discuss: Black gold, Texas tea. WTI Nov 50 calls leading the charge with nearly 11,000 trading on Friday WTI Dec 50 calls 22,000- fairly even trading throughout the week WTI Nov 47 calls and 40 puts nearly identical at 20,600 Crazy trade of the week - 6200 WTI Nov 69 calls traded on Friday Why aren't the weeklies getting more attention? Beans, beans, the musical fruit 82% of the volume happening in the Nov contracts, up almost 6% in OI Par (1,000) calls were lighting it up Heavy trading this week in puts Surprise product of the week: Lean Hogs! Dec IV is up 4 points Even tie between Oct and Dec for expiration Oct 54 puts were the winner of the week OI up about 7.5% this week, on total volume of 70,000 contracts Want some charts? Here's what Nick shared: Futures Options Feedback: Listener questions and comments Comment from Ian Felder: I started in crude futures. Then moved to VIX futures, and am now in VOX options. Each time I trade a new market I feel like U see more panoramic moves because I'm less familiar with the underlying in the first few days. It sounds scary but it's actually refreshing. I guess looking at options has changed the way I look at futures. Has something similar happened to you? Have options changed your outlook on other products?  

Topics this week include: Gold WTI Soybeans Futures Options Feedback: Listener questions and comments Question from JJVay83 - I have a got a rookie question alert. Do the same Greeks apply to equity options and futures options? Are all Greeks the same? Question from Eric Schaeffer - I traditionally trade LEAPs on indices and individual names like Apple. Your shows including TWIFO and LSFO have intrigues me to dip my toes into the commodities markets. I have played around with the TWIO report on CME. Thank you very much for all that free data. I am exploring longer term options on a variety of products, but I am having difficulty finding the right duration. I know there are weekly futures options, but do they also have the equivalent of LEAPs? If so, how far out do they trade, and what are they called? Is there a tab for them on the TWIO report? To view the reports mentioned in this week's show, click here. Select 'Last Week' from the Display Settings/ Report Week selection dropdown.

This week your TWIFO hosts discuss: E-minis WTI OVX/OIV And more... Futures Options Feedback: Listener questions and comments Question from Liz Kat - Hey guys, thanks for my weekly dose of TWIFO. I saw this headline and while not strictly about options, I hoped you could give us your take on it. Seems like an interesting idea. Do we need it? Question from Sebastian - How do I tell what the actual volume of a product is? How do I use that volume stat in my trading To view the reports mentioned in this week's show, click here. Select 'Last Week' from the Display Settings/ Report Week selection dropdown.

Topics this week include: WTI Soybeans Gold Futures Options Feedback: Listener questions and comments Comment from Chris: This is strong hedging and perhaps a bullish indicator for WTI in my opinion. Question from DLK79: In TWIFO 17 you discussed the soybean skew coming back from the recent extremes, and a trade that was put on 10-12 weeks ago to attempt a profit from this. Was this strategy discussed in a previous episode when it was first put on? If so, do you know which episode specifically? I am going through some of the earlier episodes and I have yet to find it. Question from Neal: What is up with silver? To view the reports mentioned in this week's show, click here. Select 'Last Week' from the Display Settings/ Report Week selection drop down.

This week, your TWIFO hosts discuss: Crude Oil Soybeans Gold/Silver QuikSkew #TWIFO Pop Quiz: Gold/Silver ratio reached 80+ 4 times over 25 yrs. What is the lowest it's been? The final results were: 42% < 30 25% Between 30-40 17% Between 40-50 16% > 50 Futures Options Feedback: Listener questions and comments Question from Fred: Crude is trading above 3 moving averages. As long as it's above these levels, I think it's in an uptrend. If I wanted to buy a weekly call expiring Friday, would that be a good idea? Question from Chad: How about a quick overview of the QuikStrike features? To view the reports mentioned in this week's show, click here. Select 'Last Week' from the Display Settings/ Report Week selection drop down.

This week your TWIFO hosts discuss: Soybeans! TWIFO Pop Quiz: Which product had the second highest options volume this week? The final results were: 14% Comex Gold 33% WTI 37% Soybeans 16% Natural Ga Crude Oil/WTI/USO Gold Natural Gas To view the reports mentioned in this week's show, click here. Select 'Last Week' from the Display Settings/ Report Week selection drop down.

Today your TWIFO hosts discuss: Crude Oil Gold Rates Futures Options Feedback: Listener questions and comments Question from Jillz: Can I get COT reports on Quikstrike? Question from 7of9: Are beans still lining up nicely for risk reversals?