This Week's Options Insider Trader Newsletter Is Sponsored by Capital Markets Labs
Discover Scientific Options Trading
Join us for this special training:
- How to Know When an Option Strategy is Doomed to Fail
- How to Match the Right Option Strategy to the Right Stock
- How to Exploit Pre-Earnings Momentum in Tech Stocks
- How to Turn a Losing Strategy into a Potential 65% Gain with a Mouse Click
- Why you Don't Need Luck with 11 to 1 Winners and a 286% Return
- How a Little-Known 'Long/Short' Straddle Could Generate 207%
- A Simple Way to Exclude Losing Strategies from Your Trading Plan
The results are simply staggering and a reminder that there's a lot less luck to successful option trading than many people realize.
Want an example?  Trading Pre-earnings Momentum in Microsoft
Join Capital Markets Labs on Wednesday, October 18 at 4:00 PST for this powerful webinar.
Register today. 
Â
September Options Volume & Market Share Options volume down 9% year-over-year
On October 2, OCC announced exchange-listed options volume reached 325,116,389 contracts in September, down nine percent from September 2016 volume of 357,041,027 contracts. Year-to-date average daily options volume is up two percent from 2016 with 16,471,583 contracts in 2017. Equity options volume in September was 282,159,560 contracts, a 12 percent decrease from September 2016. This includes cleared ETF options volume of 122,563,903 contracts last month, a 16 percent decrease from September 2016 volume of 145,850,238 contracts. Index options volume in September was up 13 percent with 42,956,829 contracts.
Here are the market share details:
| Exchange | Equity | Index/Other | Exchange Total | | Â | Volume | Market Share | Volume | Market Share | Volume | Market Share | | AMEX | 23,066,227 | 8.17% | 469 | 0.00% | 23,066,696 | 7.09% | | ARCA | 24,861,113 | 8.81% | 6,361 | 0.01% | 24,867,474 | 7.65% | | BATS | 27,307,540 | 9.68% | 0 | 0.00% | 27,307,540 | 8.40% | | BOX | 6,869,623 | 2.43% | 0 | 0.00% | 6,869,623 | 2.11% | | C2 | 11,118,113 | 3.94% | 227,176 | 0.53% | 11,345,289 | 3.49% | | CBOE | 50,168,236 | 17.78% | 42,391,268 | 98.68% | 92,559,504 | 28.47% | | EDGX | 3,722,778 | 1.32% | 0 | 0.00% | 3,722,778 | 1.15% | | GEM | 14,452,883 | 5.12% | 14,836 | 0.03% | 14,467,719 | 4.45% | | ISE | 25,363,910 | 8.99% | 87,184 | 0.20% | 25,451,094 | 7.83% | | MCRY | 528,594 | 0.19% | 0 | 0.00% | 528,594 | 0.16% | | MIAX | 13,819,054 | 4.90% | 0 | 0.00% | 13,819,054 | 4.25% | | MPRL | 5,532,776 | 1.96% | 0 | 0.00% | 5,532,776 | 1.70% | | NOBO | 1,915,477 | 0.68% | 0 | 0.00% | 1,915,477 | 0.59% | | NSDQ | 25,016,070 | 8.87% | 0 | 0.00% | 25,016,070 | 7.69% | | PHLX | 48,417,166 | 17.16% | 229,535 | 0.53% | 48,646,701 | 14.96% | | OCC Totals | 282,159,560 | 100.00% | 42,956,829 | 100.00% | 325,116,389 | 100.00% |
Source: OCC
Upcoming Economic Reports
A preview of what may move the market this week
| TIME (ET) | REPORT | PERIOD | FORECAST | PREVIOUS | | TUESDAY, OCT. 10 | | 6:00 AM | NFIB small-business index | Sept. | -- | 105.3 | | WEDNESDAY, OCT. 11 | | 10:00 AM | Job openings | Aug. | -- | 6.2 mln | | 2:00 PM | FOMC minutes | 20-Sep | Â | Â | | THURSDAY, OCT. 12 | | 8:30 AM | Weekly jobless claims | 7-Oct | 250,000 | 260,000 | | 8:30 AM | Producer price index | Sept. | 0.50% | 0.20% | | FRIDAY, OCT. 13 | | 8:30 AM | Consumer price index | Sept. | 0.70% | 0.40% | | 8:30 AM | Core CPI | Sept. | 0.20% | 0.20% | | 8:30 AM | Retail sales | Sept. | 2.10% | -0.20% | | 8:30 AM | Retail sales ex-autos | Sept. | 0.90% | 0.20% | | 10:00 AM | Â Consumer sentiment | Oct. | 95.8 | 95.1 | | 10:00 AM | Business inventories | Aug. | -- | 0.20% |
Â
 Options Insider Radio Network Episodes you may have missed from Options Insider Radio last week
Options Insider Radio Interviews: Exploring the European Options Landscape with Saxo Bank
Posted October 6th, 2017 In this episode, Mark is joined by Georgio Stoev, Product Manager for Futures and Listed Options at Saxo Bank. They discuss: - Georgio's background in the financial services industry
- Saxo Bank is diving into options
- What else does Saxo Bank offer?
- Who do they partner with?
- The popularity of options for European institutional investors
- What percentage of their options flow is European versus American-based?
- What about warrants?
- Are options becoming more popular with European investors in general?
- What are some changes to the European regulatory environment?
- And more
Option Block 658: Tree Blights and SKEW Funds
Posted October 6th, 2017 Trading Block: UPS and FedEx stocks fall as Amazon moves further into delivery space. CBOE Holdings plans listing of Roku (ROKU) options with an expected start date of October 6. Odd Block: More TSLA "Catastrophe" puts. 8/28 - Ratio risk reversal in Dollar General (DG). 8/28 - Nickel put palooza in (PSTG). 8/17 - Call frenzy in (XLU). Strategy Block: Tosaw discusses interest rates and a new fund through RCM. Mail Block: Listeners have their say Options question of the week: Everyone's got electric cars on the brain. How are you playing the shift to electric in your #Options trading? $TSLA $GM - Sell $TSLA Puts/Buy Calls
- Sell $GM Puts/Buy Calls
- Electric Cars Are A Fad!
- Other - Reply/DM w/Choice
Listener questions and comments: What's on your mind? - Question from Yieldhawk - @Options is it true that MM's give each other signals tough pre specified order size?
- Question from Nelly2 - Just so I'm clear on the spread assignment thing. If I'm in SPX then I just get cash if the index closes inside my spread. But if I'm in a stock then I get the stock?
Around the Block: What might happen to move the market? Â Options Playbook Radio 178: Looking into AAPL Butterflies Posted October 5th, 2017 We are continuing the discussion of options pricing. This week we take a deep dive into pricing of a butterfly. Specifically: - Looking at a 10-day butterfly in AAPL
- Picking a five-point spread
- What strikes and expirations to choose?
- What will this cost?
- What is the maximum risk and reward?
- What do we want to happen?
- What impacts the pricing of butterflies?
- Managing expectations
- Looking at the same thing for a November 17 expiration
- What is the ideal scenario?
 Option Block 657: Trading Options on Electric Cars Posted October 3rd, 2017 Trading Block: A quick overview of our live show from last week. OCC cleared contract volume last month down 9% from September 2016. Odd Block: A quick summary of the TSLA "catastrophe" puts. Size opening combo in General Motors Company (GM). Puts roll into collar in United States Natural Gas Fund (UNG). Size vertical roll in Caesars Entertainment Corp (CZR). Mail Block: Listeners have their say Options question of the week: Everyone's got electric cars on the brain. How are you playing the shift to electric in your #Options trading? - Sell $TSLA Puts/Buy Calls
- Sell $GM Puts/Buy Calls
- Electric Cars Are A Fad!
- Other, Reply/DM w/Choice
Listener Questions: What's on your mind? - Question from Salman Azhar - When are $ROKU stock options going to start trading?
- Question from Intelligence Man - Where can I see existing active options contracts?
Around the Block: Las Vegas. Puerto Rico. Oil. VIX futures. Will we have five straight days of VIX below 10? Â Volatility Views 274: All Aboard the Cheap IV Train Posted October 2nd, 2017 Volatility Review: A look back at the week from a volatility perspective 6% IV, all aboard! The numbers: - VIX Cash - low of 9.55 on Thursday.
- VVIX - 94
- CBOE Skew Index - 133
Russell's Weekly Rundown: - VIX Options: ADV - 813k, 2.6M on Monday! VIX call/put, Total 11.4m (8.92m Calls, 2.48m Puts)
- OIV - 26.53
Volatility Voicemail: Listeners have their say - Question from LL08 - Crazy! Is this true?
- Question from Tech Coleslaw - Can you talk a little bit more about ZIV and mid-term Vol?
- One of our listeners is running for Congress - @RogerBarone @OPTIONS More voices are better than less.
Crystal Ball: Wild and reckless prognostication Last week: - Mark L. - 9.75
- Mark S. - 11
- Russell - 10.10
This week: - Mark L. - 9.2
- Andrew - 9.99
- Russell - 9.42
This Week in Futures Options 71: Livestock Products Are a Whole Different Beast
Posted October 2nd, 2017 Topics this week include: - Crude Oil
- Corn
- Gold
- Winners: Lean hogs, E-mini, Russell
- Losers: Soybean oil, rough rice, feeder cattle
Futures Options Feedback: Listeners have their say - Question from Friendship: You mentioned the livestock products are difficult to trade. What makes them so impenetrable?
- Comment from Timz: It seems like there is no reason not to collar gold if you're long.
- Comment from Contempts: I was on the CME Group homepage earlier, and it looks like they're starting to show the love for Bitcoin, too.
- Question from O'Neil: Can you break down how the Fed Watch tool works?
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:
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
|
