| Â Â Radio Wrap Up A review of last week from an Options Insider Radio Network perspective Trading Block: A mild market rally today. VIX cash back below the 14-handle. TSLA recovering from some recent losses; was up over 2% at mid-day. Yellen says Fed might hike interest rates relatively soon. Jobless claims in U.S. declined to lowest level in four decades. Odd Block: Size calls trade in Financial Select SPDR (XLF), calls trade in Advanced Micro Devices (AMD) and puts trade in Freeport Mc MoRan Inc. (FCX). Strategy Block: Uncle Mike discusses trading in IBB Mail Block: Listener questions and comments - Question from Mike The Bookie - Yeah, the ETF based volatility indexes. Is here a good place to bracket UVXY or VXX?
- Question from Ian Wagner ?- Why trade volatility vs direction or income? Preference? More favorable risk/reward profile.
Around the Block/Earning Highlights this Week: - Friday - Foot Locker, Abercrombie & Fitch
In this episode, Mark is joined by Villi Iltchev of August Capital They discuss: - Villi's background in the fintech space
- What is August Capital?
- What are the barriers to entry in the fintech space?
- Success breeds success
- The market data albatross
- The life of the venture capitalist
- And more
In this episode, Mark is joined by Morgan Housel of the Collaborative Fund. They discuss: - What is the Collaborative Fund?
- Morgan's former career in journalism and private equity/investment banking
- Bringing diverse backgrounds under one roof
- Should there be full disclosure on fees?
- Overwhelming market data fees
- Innovation versus regulation
- Taking the long-term view
- The future of financial advising
What situations might be a good time for covered call writing? There is also the long put spread from last week to discuss. You can follow on pages 50 and 62, respectively, of The Options Playbook, on OptionsPlaybook.com, or in the Amazon Kindle version. This week, Brian discusses: - What has happened to the market since the election?
- Why is the VIX going up when the market is going up?
- How did we do from the long put spread from last week?
- What were the risk parameters?
- Covered call writing
- Don't forget about the Thanksgiving holiday
- What is the timeframe?
- Looking for the Goldilocks of volatility
- Avoid earnings
- Setting up the trade
Do you have questions that you would like answered on the show? Send them to Brian at theoptionsguy@tradeking.com. Trading Block: U.S. stock market Trump rally loses steam. Oil gets left behind in post-Trump rally. Trump presidency raises questions on the future of Wall St. regulation. Odd Block: Calls trade in Canadian Natural Resources LTD (CNQ), calls trade in Financial Select SPDR (XLF) and calls trade in Square Inc (SQ) Mail Block/Options #Question of the Week: $TSLA ($182.50, down 3%, IV30:41, HV30:31) Straddle says $8.20 move (4.5%) by Friday close. How much will $TSLA actually move - In line: ($8-$8.50)
- Beat Straddle: > $8
- Less than Straddle: < $8]
- Sick of #Musk / $TSLA
Listener questions: - Question from Moolla - WTF is up with $DRYS? Thing is going nuts - takeover? Lots of calls trading?
- Comment from Burgh83: Can you explain what that means exactly?...thanks, I'm trying to figure options out still. But holding MRO, want to buy more...
Around the Block/Earnings Highlights: - Tuesday - Home Depot, Dick's Sporting Goods
- Wednesday - Lowe's, Target, Cisco
- Thursday - Walmart, Best Buy, Salesforce
- Friday - Foot Locker, Abercrombie & Fitch
Topics this week include: - Gold/Silver
- Copper
- Crude Oil/WTI
- EuroDollar
- Soybeans
Futures Options Feedback: Listener questions and comments - Question from Tom Chase - Can you explain more about QuikSkew? What is it and how do I get it? Is it available for free on the CME site?
You can find all the cool reports Nick talks about on www.cme.com/twio.  Volatility Review: The Trumpocalypse is here! What a week! VVIX: 102. So, about last night...Patient volatility seller ended up winning big. Volatility shorts cash in despite the shock U.S. election. Volume in non-U.S. trading hours set a new daily record. Russells Weekly Rundown: - VIX Options - A crazy volume week!
- Mon - 1.05M, Tues - 1.05M, Weds - 1.03M, Thurs - 1.08M
- Total 7.08m (4.62m Calls, 2.46m Puts)
Earnings Volatility: - Walt Disney Company
- Nvidia
- Nordstrom
Volatility Voicemail/Options #QuestionOfTheWeek $SPX Weds Weekly straddle says 2% move through election. How much will SPX / $SPY move through Weds 11/9? - Over 3% - crazy move
- Between 2-3% - big move
- Between 1-2% - mild move
- Less than 1% - meh
Listener questions and comments: - Question from Brian: Hi Mark, your shows are the best known to me. Congratulations on your success. I have a topic/question for Volatility Views. I am trying to get a sense of how viable XIV will be in the long term. Are there red flags for ETFs/ETNs that would indicate whether or not they will go broke at some point? Are the bigger ETFs/ETNs a safer bet or is it the ETFs/ETNs that deal with future contracts the ones that end up in trouble? I appreciate and value your advise.
- Question from Mike The Bookie: Yeah, the ETF based volatility indexes. Is here a good place to bracket UVXY or VXX?
Crystal Ball: Wild prognosticating Last week: - Mark L. - 18.50
- Mark S. - 10.80
- Russell - 23.50
This week: - Mark L. - 15.00
- Mark S. - 12.00
- Russell - 13.50
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Options Insider Radio Network Live Recordings
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Option Block LIVE at 3pm Central TimeÂ
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