Highlights of this week in options: top stories, the most unusual options trades, the best in unusual activity, and more.

November 7, 2016 Options Insider Trader Newsletter

  

October Volume and Market Share

Options volume down 15% year-over-year for October

Exchange-listed options volume reached 309,614,715 contracts in October, a 15 percent decrease from October 2015. Year-to-date average daily options volume is down four percent from 2015 with 15,964,442 contracts.

Equity options volume last month was 279,141,501 contracts, a 14 percent decrease from October 2015. This includes cleared ETF options volume of 120,263,018 contracts last month, down ten percent from October 2015 volume of 133,212,801 contracts. Index options volume in October was down 20 percent from a year ago with 30,473,214 contracts.

Here is how the details played out:

Exchange Equity Index/Other Exchange Total
  Volume Market Share Volume Market Share Volume Market Share
AMEX 22,626,083 8.11% 666 0.00% 22,626,749 7.31%
ARCA 29,460,572 10.55% 8,535 0.03% 29,469,107
9.52%
BATS 32,948,593 11.80% 0 0.00% 32,948,593
10.64%
BOX 7,929,419 2.84% 0 0.00% 7,929,419
2.56%
C2 9,221,776 3.30% 199,206 0.65% 9,420,982
3.04%
CBOE 47,738,835 17.10% 30,025,839 98.53% 77,764,674
25.12%
EDGX 3,575,342 1.28% 0 0.00% 3,575,342
1.15%
GEM 5,015,129 1.80% 610 0.00% 5,015,739
1.62%
ISE 32,433,958 11.62% 17,106 0.06% 32,451,064
10.48%
MCRY 691,151 0.25% 0 0.00% 691,151
0.22%
MIAX 18,706,896 6.70% 0 0.00% 18,706,896
6.04%
NOBO 1,814,865 0.65% 0 0.00% 1,814,865
0.59%
NSDQ 25,375,041 9.09% 0 0.00% 25,375,041
8.20%
PHLX 41,603,841 14.90% 221,252 0.73% 41,825,093
13.51%
OCC Totals 279,141,501 100.00% 30,473,214 100.00% 309,614,715
100.00%
Source: OCC


Options Insider Radio Network Live Recordings

Do you want to be a part of the fun?

Here are the LIVE shows for this week:

Monday: 
Option Block LIVE at 3pm Central Time 

Thursday: 
Option Block LIVE at 3pm Central Time 

Friday: 
Volatility Views LIVE at 12pm Central Time
This Week in Futures Options LIVE at 3pm Central Time 

All of these recordings can be accessed at http://mixlr.com/options-insider/

 

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Stats of the Week

  • VIX Cash Range: 16.26 - 23.01
  • S&P Cash Range: 2083.79 - 2133.25
  • SPX 30-Day Implied Volatility: 19
  • SPX 10-Day Realized Volatility:  5
  • SPX 30-Day Realized Volatility:  8
  • SPX Risk Premium (30-Day Implied - Realized): 8
  • Market Risk Premium (VIX Cash - SPX 30-day Implied Volatility): 3.51
  • S&P Skew Index
    • 10/31/2015  126.12
    • 11/01/2015  124.46
    • 11/02/2015  126.15
    • 11/03/2015  141.08
    • 11/04/2016  133.03


That's So Unusual

The week in unusual activity

Large GPRO Put Trader: 5891 GPRO Dec 10 puts went up in 1 block on the ARCA marked spread.  

Large XLV Put Spreads Trade: Paper traded 12500 XLV Jan2017 61/64/66/71 put spreads for .75/1.40/2.05/4.90. 

GLUU 2-Strike Calls Get Busy

5000 GLUU Jan2017 2 calls went up in 2 blocks on a sweep.  

Massive Upside Buy in QQQ: 43600 QQQ Dec 125 calls went up in 2 blocks on the CBOE.

Massive EA Put Flies Trade: 7500/15000/7500 EA Nov04 77/79.5/82 put butterflies went up in 3 blocks on the PHLX marked spread.  

November Upside ITUB Calls Trade: 1000 ITUB Nov18 12 calls went up in one block on the PHLX on a sweep. 

Big Put Spreads Trade in HYG: 23000 HYG Dec 80/84 put spreads went up in 2 blocks on the ARCA 

Big Drop Brings Out Bottom Feeders in CEMP: 3120 CEMP Nov18 12.5 calls went up in 1 block on the ARCA marked out of sequence and spread.  

SM Puts Roll: 5000 SM Jan2017 30/ May2017 30 put spreads went up in many blocks on all exchanges.  

Upside Call Buyers in GDX: Paper traded 43750 GDX Nov18 28 calls for .34.  

BG Calls Roll: 1500 BG Nov/Dec 62.5 call spreads went 2 blocks on the PHLX 

WFT Calls and Stock Trade: 17348 WFT Nov04 4.5 calls went 1 block on the PHLX marked buywrite. 

Puts trade in ECA: Paper traded 500 ECA Nov 8 puts at .10.

Calls and Puts Trade in HFC: 2000 HFC Jan2017 275/29.5 call spreads went 3 blocks on the ARCA

Calls Trade in MET: 10606 MET Jan2017/Jun2917 42.5 call spreads went 1 block on the PHLX

 

 

Strategy 101: Brought to you by TradeKing

This was recorded on April 28, 2016, which was during the height of earnings season. In Options Playbook Radio 105: AMZN Iron Condor Brian looks at a strategy around AMZN earnings. You can always find information on iron condors on OptionsPlaybook.com.

In this episode, Brian discusses:

  • A review of the GOOG skip-strike butterfly from last week
  • Taking a look at AMZN going into earnings
  • Where is the long straddle of the nearest-term expiration?
  • Why a skip-strike butterfly didn't work in this case.
  • Why was this the case?
  • How to make the most of the high implied volatility?
  • How to get way out-of-the-money?
  • Setting up the iron condor
  • What is the maximum risk? Gain?

If you want to hear it for yourself, you can download it now. Oh, and did you know you can submit questions to Brian Overby (aka the Options Guy) through Facebook? It's true!

 

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