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| TIME (ET) | REPORT | PERIOD | PREVIOUS | | TUESDAY, NOV. 7 | | 6:00 AM | NFIB small-business index | Oct. | 103 | | 10:00 AM | Job openings | Sept. | 6.1 mln | | 3:00 PM | Consumer credit | Sept. | $13 bln | | THURSDAY, NOV. 9 | | 8:30 AM | Weekly jobless claims | 4-Nov | 229,000 | | 10:00 AM | Â Wholesale inventories | Sept. | 0.90% | | FRIDAY, NOV. 10 | | 10:00 AM | Consumer sentiment | Nov. | 100.7 |
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 October Options Volume & Market Share Options volume rises 20% year-over-year On November 1, OCC, the world's largest equity derivatives clearing organization, announced that cleared contract volume in October was 381,467,272 contracts, a 20 percent increase from October 2016 monthly volume of 318,439,491 contracts. Average daily volume at OCC is up four percent year-to-date in 2017 with 17,070,435 contracts. OCC's stock loan program reported that securities lending activity was up 30 percent in October and 21 percent year-to-date. Exchange-listed options volume reached 371,038,407 contracts in October, a 20 percent increase from October 2016. Year-to-date average daily options volume is up three percent from 2016 with 16,512,838 contracts. Equity options volume last month was 326,672,894 contracts, a 17 percent increase from October 2016. This includes cleared ETF options volume of 125,932,951 contracts last month, up five percent from October 2016 volume of 120,263,018 contracts. Index options volume in October was up 46 percent from last year with 44,365,513 contracts.
Here are the market share details:
| Exchange | Equity | Index/Other | Exchange Total | | Â | Volume | Market Share | Volume | Market Share | Volume | Market Share | | AMEX | 27,790,929 | 8.51% | 622 | 0.00% | 27,791,551 | 7.49% | | ARCA | 30,245,091 | 9.26% | 4,709 | 0.01% | 30,249,800 | 8.15% | | BATS | 33,004,430 | 10.10% | 0 | 0.00% | 33,004,430 | 8.90% | | BOX | 7,847,543 | 2.40% | 0 | 0.00% | 7,847,543 | 2.12% | | C2 | 12,426,924 | 3.80% | 184,793 | 0.42% | 12,611,717 | 3.40% | | CBOE | 56,957,884 | 17.44% | 43,834,913 | 98.80% | 100,792,797 | 27.17% | | EDGX | 4,758,079 | 1.46% | 0 | 0.00% | 4,758,079 | 1.28% | | GEM | 15,863,798 | 4.86% | 17,707 | 0.04% | 15,881,505 | 4.28% | | ISE | 28,087,879 | 8.60% | 88,125 | 0.20% | 28,176,004 | 7.59% | | MCRY | 582,248 | 0.18% | 0 | 0.00% | 582,248 | 0.16% | | MIAX | 14,541,275 | 4.45% | 0 | 0.00% | 14,541,275 | 3.92% | | MPRL | 6,119,221 | 1.87% | 0 | 0.00% | 6,119,221 | 1.65% | | NOBO | 2,127,314 | 0.65% | 0 | 0.00% | 2,127,314 | 0.57% | | NSDQ | 28,011,913 | 8.57% | 0 | 0.00% | 28,011,913 | 7.55% | | PHLX | 58,308,366 | 17.85% | 234,644 | 0.53% | 58,543,010 | 15.78% | | OCC Totals | 326,672,894 | 100.00% | 44,365,513 | 100.00% | 371,038,407 | 100.00% |
Source: OCC
 How to Webinar: Trading Options on Stocks and Futures Spend an afternoon with "Uncle" Mike Tosaw
You know him from the Option Block, and now you have a chance to learn from the man himself. Join Option Block all-star, financial advisor, author, and former NFL player, Mike Tosaw, as he shares his knowledge of stocks options, followed by Joe Natoli, a hedge fund manager focused on delivering returns via options on stock index futures markets.
Avoid the Pitfalls of Options Trading: Wednesday, November 8th, 12:00 CST / 1:00 EST Whether you're a beginner Options trader or a seasoned pro, the vagaries of options pricing can often wreak havoc on your strategy if you're not prepared. RCM Alternatives is bringing together two pros: one a 15 year pro in stock options; the other a long time trader in the related, but different, options market on stock index futures.
In this webinar, they will start with the basics and quickly move to explain the pitfalls many options traders fall into, as well as both of their perspectives of Options trading in the current market environment. Register today for this free webinar.
 Options Insider Radio Network Episodes you may have missed from Options Insider Radio last week
Option Block 665: Debating Hobbitry; Plus Apple and Tesla Posted November 3rd, 2017 Trading Block: Earnings season review: - Apple after the bell. ATM straddle - $7.25, approx. 4.3%
- Facebook and Tesla
Odd Block: Options tracker in Tesla Inc. (TSLA), call-palooza ahead of earnings in Pandora Media Inc (P), and size upside buywrite in Marathon Oil Corporation (MRO). Strategy Block: Uncle Mike Tosaw discusses tax savings. Mail Block: Options question of the week Bitcoin just blew past $100B in "market cap." If #Options were available how would you trade them? - 52% - Buy Calls/Call Spreads
- 20% - Buy Puts/Put Spreads
- 19% - Sell Covered Calls
- 9% - Other/Hate #Crypto
Around the Block: RCM webinar on Wednesday, November 8th, 12:00 CST -Â How to Webinar: Trading Options on Stocks & Futures. Â Options Insider Radio Interviews: A New Way to Fund Fintech Posted November 2nd, 2017 Options Insider Radio Interviews: A New Way to Fund Fintech In this episode, Mark is joined by Frank Johnson, Managing Dand Kurt Smith, CFO, at Revenue-Share Capital They discuss: - What was the genesis for Revenue-Share Capital?
- How did OptionScape influence Revenue-Share Capital?
- What differentiates Revenue-Share Capital from traditional venture capitalists?
- Generating income from cash flow, not profit
- Performing due diligence
- Start up interests: fintech and blockchain
- Who do they want to partner with?
 Options Playbook Radio 182: FB Ratio Put Spread Posted November 2nd, 2017 Today we are going to look at a ratio spread with puts on FB. In this episode: - A review of last week's skip-strike butterfly in AMZN
- What was the strategy? Expectation?
- Where is AMZN now?
- What about GOOGL?
- How do you want the market to move when you have a butterfly position
- FB earnings are coming up. Let's look at a ratio spread
- What is the outlook?
- Setting up the trade
- Selecting strikes
- What is the cost?
- What do we want to happen?
- What is the cost?
- Remember volatility
Advisors Option 60: Exploring the Hidden Nuances of VIX
Posted October 31st, 2017 Tricks of the Trade: An overview of VIX settlement. How does it work? Can it be manipulated? The Buzz: FINRA Orders Wells Fargo to Pay $3.4M Over Volatility-Linked ETPs. Office Hours: Listener questions and comments
Options Bootcamp 68: How to (Not) Lose Money Trading Options
Posted October 31st, 2017 Mail Call: Fall in while your drill instructors answer your questions. - Comment from Andrew McNichol -Big fan of your podcast. I appreciate how you start at square one and then walk listeners through every element of options and options trading. Thanks.
- Question from Tim D. - How high do rates need to be before I need to worry about rho?
- Question from Kraken1975 -Which of the Greeks do you utilize the most and why?
- Question from Meatz - Would you describe successful options trading as primarily singles and doubles or more swing for the fences home runs?
- 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 Mary - What's the shortest expiry available for plain vanilla options?
- Question from Ejh4isu - What qualifications do I need to work in the industry as a professional, i.e. as a trader? Is that a career path I'd even want to consider?
- Question from Privateer - Permission to speak freely sirs! Hi guys, Love the show and the entertaining military themed education. I've recently been learning about an exciting strategy called writing call options with CFDs. The claim by the teacher is that CFDs can leverage the return on premium selling by ten times, and reduce your break even significantly. I'm very invested in how this could apply in selling both legs i.e. covered strangles or straddles. Can you discuss the downsides, upsides and hedging strategies used in this scenario, and how to mitigate risk especially on the put leg. Sirs yes sir!
- Question from Axel D. - Why does open interest only update once a day?
 Option Block 664: The Great Invisible Leggings Debate Posted October 31st, 2017 Trading Block: Earnings Season Review. This season's theme "Buy Premium"! Under Armor before the bell tomorrow. Review of: Chipotle, Twitter, Amazon, Google & Microsoft. Odd Block: Size OTM call paper in Plains GP Holdings LP (PAGP). Pre-earnings put-palooza in Under Armor Inc. (UAA). Rolling puts in ENSCO PLC (ESV). Mail Block: Options question of the week. Bitcoin just blew past $100B in "market cap." If #Options were available how would you trade them? - Buy Calls/Call Spreads
- Buy Puts/Put Spreads
- Sell Covered Calls
- Other/Hate #Crypto
Around the Block: RCM webinar on Wednesday, November 8th, 12:00 CST -Â How to Webinar: Trading Options on Stocks & Futures. Â This Week in Futures Options 75: A Furious Frenzy of Nasdaq Options Posted October 30th, 2017 Topics this week include: - Nasdaq Skew
- Crude Oil
- Gold/Metals
- Winners: Lumber, RBOB
- Losers: Iron Ore, Nat Gas
Futures Options Feedback: Listeners have their say - Question from Danubs - Can I buy options on milk?
- Question from Bxvets - What's your favorite sell signal?
- Question from Bullobo11 -What was your most recent and promising buy signal and how did you come across it?
- Question from AdmiralTweezers - Do you foresee any innovations in market making such that it might become less centralized or more crowdsourced?
- Question from Michaelbozzello - What's the most valuable lesson you learned as a market maker that you would tell retail traders trading options?
- Question from LL0C -Mine or not to mine? Do you guys rec mining bitcoin before trading it?
 Volatility Views 278: The Great Earnings Volatility Explosion Posted October 30th, 2017 Volatility Review: A look back at the week from a volatility perspective. - VVIX - 97.73
- CBOE Skew Index - 135
- VIX Options, ADV - 852k, VIX Call/Put - 4
- Total 10.8m (8.65m Calls, 2.19m Puts)
- Earnings: CMG, Twitter, Amazon, Google and Microsoft
Volatility Voicemail: Options question of the week. It looks like you all REALLY want after-hours #Options trading. The question now - what is the best way to make it happen? - 24% - Pilot For Earnings Season
- 52% - Top Names Only -$AMZN, etc.
- 21% - Basic Limit Order Book
- 3% - Other - Reply/DM w/answer
Listener questions and comments: - Comment from j3dingle - Dear Mark Longo, Long time listener (at least a year or two, so maybe not that long!), first time emailer. I would guess I'm not the first to suggest this, but have you considered some excerpt of some rendition of "On Top of Spaghetti" for Mark Sebastian's theme song? Looks like the song even has some Chicago heritage: https://en.wikipedia.org/wiki/On_Top_of_Spaghetti In 30 seconds of you-tubing, I found Biondi's version which is pretty "good": https://www.youtube.com/watch?v=Mu4EiTJNP1k Oh, the dreams/nightmares one has on a Sunday night slumber!
Crystal Ball: Wild and reckless prognostication. Last week: - Mark L. - 9.65
- Mark S. - 10.16
- Russell - 9.87
This Week: - Mark L. - 9.65
- Mark S. - 10.16
- Ophir - 9.80
Where to Find Options Insider Radio? Do you know all the ways you can access Options Insider Radio                  Â
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 Â
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