Upcoming Economic Reports A preview of what may move the market this week
TIME (ET) | REPORT | PERIOD | FORECAST | PREVIOUS | MONDAY, OCT. 23 | 8:30 AM | Chicago Fed national activity | Sept. | -- | -0.31 | TUESDAY, OCT. 24 | 9:45 AM | Markit manufacturing PMI (flash) | Oct. | -- | 53.1 | 9:45 AM | Markit services PMI (flash) | Oct. | -- | 55.3 | WEDNESDAY, OCT. 25 | 8:30 AM | Durable goods orders | Sept. | 0.60% | 2.00% | 8:30 AM | Core capex orders | Sept. | --- | 1.10% | 10:00 AM | New home sales | Sept. | 558,000 | 560,000 | THURSDAY, OCT. 26 | 8:30 AM | Weekly jobless claims | 21-Oct | 233,000 | 222,000Â | 8:30 AM | Advance trade in goods | Sept. | -$62.5 bln | -$62.9bln | 10:00 AM | Pending home sales | Sept. | -- | -2.60% | FRIDAY, OCT. 27 | 8:30 AM | Gross domestic product | Q3 | 2.70% | 3.1% (Q2) | 10:00 AM | Consumer sentiment | Oct. | 101.1 | 101.1 |
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 Options Insider Radio Network Episodes you may have missed from Options Insider Radio last week Options Insider Radio Interviews: Talking Tech, Trading, and More with TradeStation Posted October 20th, 2017 In this episode, Mark is joined by Nick LeMaina, Senior Vice President of Strategic Brokerage Services at TradeStation. They discuss: - Who are the customers of TradeStation's Strategic Brokerage Services?
- What asset classes are their primary focus?
- How do their customers use options?
- What are the most popular tools on the TradeStation platform?
- The evolution of back-testing tools
- Commissions and fees
- What is TradeStation doing on the idea generation front?
- Optimizing the mobile experience
- Overnight trading
Option Block 661: Unhappy Anniversary Posted October 20th, 2017 Trading Block: Black Monday 30th Anniversary, October 19, 1987. Earnings: - GE
- Honeywell
- P&G
- SunTrust
Odd Block: Massive closing paper in Norfolk Southern Corp. (NSC), and review from 8/17 - Rolling winning puts in WisdomTree India Earnings Fund (EPI). Strategy Block: Uncle Mike Tosaw discusses hedging stock Mail Block: Options question of the week Earnings Season is here! Which name do you plan to trade most actively this cycle? - 31% - Tesla, $TSLA
- 41% - Amazon, $AMZN
- 17% - Apple, $AAPL
- 11% - Alphabet, $GOOGL
Options question of the week, volume two: Do you think #Options should be traded after-hours like stock? - 71% - Yes!
- 25% - No!
- 4% - Don't Care!
Listener Questions and Comments: What is on your mind? - Question from Darqane - Assigned on short SPX puts means getting long the underlying? But how does that work if it's cash settled?
- Question from ButcherBoyz - What options trading strategy would you say is best suited to people with absolutely zero knowledge of options? Thanks.
- Question from Axel D. - Why does open interest only update once a day?
Around the Block: Earnings, earnings, earnings. Options Insider Radio Interviews: Predicting Bitcoin with Level Trading Field Posted October 19th, 2017 In this episode Mark is joined by Lanre Sarumi, Founder and CEO of Riskbone LLC. They discuss: - What is Riskbone RMS?
- What was the genesis of the product?
- What does it do?
- What are the primary products that CTAs are using on the platform?
- What is Level Trading Field?
- Research in the crypto market
- What would volatility skew look like on Bitcoin options if they were listed today?
- Will there be a crypto futures exchange in the future?
 Options Playbook Radio 180: Huddling Up on Low VIX, Naked Puts and More Posted October 19th, 2017 Mark and Brian are back to answer listener questions. - Question from Ejh4isu - Let's say you're short naked a bunch of puts and the trade goes against you, and you don't have the money to pony up? What can your broker do?
- Question from LCB - This is a challenging time to sell options due to low volatility. So does it stand that the opposite is true? Is it a good time to buy options? Particularly protective puts?
- Question from Andrew Lane - I tried searching for options on the major advisor news sources including Pensions & Investments and Financial Advisors magazine and came up blank. Why do these mainstream outlets ignore this space? Where should I go to learn more about options for advisors?
Options Bootcamp 67: Getting Back to Basics Posted October 18th, 2017 Your hosts for this episode are: - Mark Longo, Founder, Options Insider Media Group
- Andrew Giovinazzi, Chief Education Officer, Option Pit
- Jill Malandrino, Global Markets Reporter, Nasdaq
Introduction Segment: What are Nasdaq's options education initiatives? Why are options and options education so important to Nasdaq going forward? Creating content for RIAs. Options 101: Going back to the Basics Basic Options Primer - What are options?
- Basic options terms
- Why trade options instead of stocks?
- What are the Greeks?
- Why should traders care about volatility?
- Buying options versus selling options
- Start with paper trading
- Know where you are going to get out before you get in
 OICs Wide World of Options 41: Strategies for Earnings Announcements and Trading Tools Posted October 18th, 2017 Roma Colwell-Steinke of CBOEs Options Institute joins Joe Burgoyne in a conversation about strategy considerations for earnings announcements and then Karen Sood of CBOE Vest discusses how trading tools and technology can impact investment decisions.  Option Block 660: NFLX Kicks off Earnings Season Posted October 17th, 2017 Trading Block: Earnings! - Netflix, ATM straddle - $15.30, approx. 7.5%
- Tuesday - IBM
- Wednesday -Alcoa
- Thursday - Verizon, PayPal, E*TRADE
- Friday - Honeywell, P&G
Odd Block: Size upside love in Comcast Corp. (CMCSA), size roll in Alerian MLP (AMLP) and funky ratio vertical/stupid in Himax Technologies, Inc. (HIMX). Mail Block: Options question of the week Earnings Season is almost upon us! What's your favorite way to trade earnings using #Options? - Sell Strad./Fly/Condor
- Buy Strad./Fly/Condor
- Sell Puts/Put Spreads
- Buy Calls/ Call Spreads
Listener questions and comments: - Comment from PeterPan @pierhk - ATM straddle...Buy with ATR>2
- Comment from Trader J Rae @traderjrae -Usually a collar or protective put. Everything else held over earnings is a gamble, not a trade.
Another options question of the week: Earnings Season is here! Which name do you plan to trade most actively this cycle? - Tesla - $TSLA
- Amazon - $AMZN
- Apple - $AAPL
- Alphabet - $GOOGL
- Comment from Trade With Bulls LLC - $INTC
Still more questions: - Question from McGillIMontreal: Had a question regarding $GIL and two large 3K 30 strike puts on 10/9 with earnings 11/2. Can you guys explain any rationale around that?
- Question from Ascentaa - What can happen to the current options being held of KITE which is acquired by GILD and is being delisted
Around the Block: GS tomorrow before the bell, ATM straddle - $6.10, approx. 2.5%. Â Volatility Views 276: Crazy VXX Puts and VIX Put Spreads Posted October 16th, 2017 Volatility Review: A look back at the week from a volatility perspective Secrets to the Hottest Trade - Shorting VIX
the Numbers: - VIX - Hit a low of 9.13 on Oct. 5 - still flirting with single digits.
- VVIX - 97.79, CBOE Skew Index - 146, VXN - 14.33
Kevin's Weekly Rundown - VIX Options: ADV - 868k, VIX Call/Put: 3.8
- Total 13.4m (10.6m Calls, 2.77m Puts)
- VXX - 35.97, XIV - 105.87, UVXY - 17.36
Volatility Voicemail: Options question of the week Earnings Season is almost upon us! What's your favorite way to trade earnings using #Options? Reply/DM/email with others. - Sell Strad./Fly/Condor
- Buy Strad./Fly/Condor
- Sell Puts/Put Spreads
- Buy Calls/ Call Spreads
Crystal Ball: Your VIX prognostication headquarters Last week: - Mark L. - 9.65
- Mark S. - 10.01
- Russell - 10.31
This week: - Mark L. - 9.55
- Mark S. - 10.25
- Kevin - 10.00
 This Week in Futures Options 73: More Crazy Gold Fun, Plus Collar Questions Posted October 16th, 2017 Topics this week include: - Gold
- Crude Oil
- Winners: Nat Gas, Palladium
- Losers: Class 3 Milk, Wheat
Futures Options Feedback: Listeners tell us what's on their minds - Question from TMD4817: Which is a better timeframe for maxing a 1-3 day "swing" trade with options: wkly expire vs out 1 month vs out 2-3 month
- Question from Patrick Rooney: Do you use futures in your strategies? For hedging perhaps? If so, which? $ES_F? $VX_F? Other?
- Question from OpeningBellCo: Which English soccer team do you support? $MANU or not?
- Question from GGLee: Buying collars means buying skew and paying up. So does it stand that the best spy trade is selling skew by selling 25 delta puts and buying 25 delta calls? Maybe add a cheap hedge with 5 or 10 delta put in case worst comes to pass? Right now I can sell the SPY Oct 25D put for $.55, buy the Oct 25D call for $.55 and then buy put hedge for about $.20 net outlay. Thoughts?
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Options Insider Radio Network Live Recordings Do you want to be a part of the fun? This is when you can access the LIVE shows this week:
Monday: Option Block LIVE at 3pm Central
Thursday: Option Block LIVE at 3pm Central
Friday: Volatility Views LIVE at 12pm Central This Week in Futures Options LIVE at 1:30 Central  |