Upcoming Economic Reports
A preview of what may move the market this week | TIME (ET) | REPORT | PERIOD | FORECAST | PREVIOUS | | TUESDAY, SEPT. 5 | | 10:00 AM | Factory orders | July | -3.40% | 3.00% | | WEDNESDAY, SEPT. 6 | | 8:30 AM | Foreign trade deficit | July | -$44.8bln | -$43.6bln | | 9:45 AM | Markit services PMI | Aug. | -- | 56.9 | | 10:00 AM | ISM nonmanufacturing index | Aug. | 55.60% | 53.90% | | 2:00 PM | Beige Book | Â | Â | Â | | THURSDAY, SEPT. 7 | | 8:30 AM | Weekly jobless claims | 2-Sep | 244,000 | 236,000 | | 8:30 AM | Productivity | Q2 | 1.40% | 0.90% | | 8:30 AM | Unit labor costs | Q2 | 0.30% | 0.60% | | FRIDAY, SEPT. 8 | | 10:00 AM | Wholesale inventories | July | -- | 0.70% | | 3:00 PM | Consumer credit | July | -- | $12 bln |
  August Volume & Market Share
Options volume up 18% year-over-year
On September 1, 2017, OCC, the world's largest equity derivatives clearing organization, announced today that exchange-listed options volume reached 380,988,415 contracts in August, an 18 percent increase from August 2016 volume of 322,742,142 contracts. Year-to-date average daily options volume is up three percent from 2016 with 16,497,270 contracts. Equity options volume in August was 329,256,007 contracts, a 14 percent increase from August 2016. This includes cleared ETF options volume of 153,638,751 contracts, a 27 percent increase over August 2016 volume of 121,440,823 contracts. Index options volume in August was up 54 percent with 51,732,408 contracts.  Here are the numbers (Source: OCC):
| Exchange | Equity | Index/Other | Exchange Total | | Â | Volume | Market Share | Volume | Market Share | Volume | Market Share | | AMEX | 25,809,118 | 7.84% | 122 | 0.00% | 25,809,240 | 6.77% | | ARCA | 28,592,483 | 8.68% | 601 | 0.00% | 28,593,084 | 7.50% | | BATS | 34,474,451 | 10.47% | 0 | 0.00% | 34,474,451 | 9.05% | | BOX | 7,937,797 | 2.41% | 0 | 0.00% | 7,937,797 | 2.08% | | C2 | 12,966,940 | 3.94% | 206,523 | 0.40% | 13,173,463 | 3.46% | | CBOE | 58,808,186 | 17.86% | 51,078,958 | 98.74% | 109,887,144 | 28.84% | | EDGX | 4,315,619 | 1.31% | 0 | 0.00% | 4,315,619 | 1.13% | | GEM | 17,899,921 | 5.44% | 17,147 | 0.03% | 17,917,068 | 4.70% | | ISE | 28,073,437 | 8.53% | 104,226 | 0.20% | 28,177,663 | 7.40% | | MCRY | 499,488 | 0.15% | 0 | 0.00% | 499,488 | 0.13% | | MIAX | 17,014,463 | 5.17% | 0 | 0.00% | 17,014,463 | 4.47% | | MPRL | 5,590,113 | 1.70% | 0 | 0.00% | 5,590,113 | 1.47% | | NOBO | 2,204,850 | 0.67% | 0 | 0.00% | 2,204,850 | 0.58% | | NSDQ | 30,044,067 | 9.12% | 0 | 0.00% | 30,044,067 | 7.89% | | PHLX | 55,025,074 | 16.71% | 324,831 | 0.63% | 55,349,905 | 14.53% | | OCC Totals | 329,256,007 | 100.00% | 51,732,408 | 100.00% | 380,988,415 | 100.00% |
   Join Us at the Professional Traders Summit
On the fence about attending the 2017 Professional Traders Summit? Why don't you join us and bring a friend as your guest? For the next few days, you can purchase one seat for $297 and bring a guest at no additional cost. The 2017 Professional Traders Summit features an expert panel of speakers who are committed to making sure you walk away from this event with more tools and insight to trade in all market conditions. Get in the Middle of the Trading Action Live at the Historic Chicago Board Options Exchange (CBOE) September 27-29, 2017 Click here now for full details on the 2-for-1 special. Don't delay! This ends once all the guest seats are taken.  Options Insider Radio Network Episodes you may have missed from Options Insider Radio last week Option Block 649: Getting Naked in LULU Posted September 1st, 2017 Trading Block: A thin day in the market. Lululemon (LULU) after the bell: ATM straddle - $6.75, approx. 12%. Will invisible yoga pants strike again? Odd Block: A review of past paper: Paper buying strangles in Tesla Motors (TSLA) on Aug 3rd. Call love in Extended Stay America (STAY) on Aug 7th. Strategy Block: Uncle Mike Tosaw discusses call spread trades Mail Block/Options Question of the Week: Let's get cheap! If you had to buy "lottery ticket" December calls for $.05 in one name - which would you choose? #HomeRun AMZN AAPL Tesla VIX Listener Questions: What is on your mind? Question from Bobster - Can you trade options outside of US trading hours? Question from Nanfran - What do you think would be a good option to buy right now heading into the end of summer? Around the Block: One last look at Lululemon (LULU)  Options Playbook Radio 173: Understanding the Greeks, Part One Posted August 31st, 2017 Now that earnings season is over it's time to get back to basics: the Greeks. You can find an entire chapter on Greeks in The Options Playbook. This is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. In this episode: A review of last time Using the Greeks What does a delta do? Meet the Greeks in The Options Playbook As expiration approaches, what happens to delta? For that, you need gamma What about theta? Delta when a contract is in-, at- or out-of-the-mooney Delta moves slower than other Greeks You can't have slow time decay on a fast moving option Do you have a question that you want answered on a future episode? Send them to Brian at theoptionsguy@invest.ally.com, or to the Options Insider at questions@theoptionsinsider.com.  Advisors Option 58: Bringing Women into the Options Fold Posted August 30th, 2017 Co-Hosts: Chris Hausman, Portfolio & Chief Technical Strategist, Swan Global Investments. Aash Vyas, Director of Portfolio Strategy and Overlays, Swan Global Investments. Matt Amberson, Principal, Option Research & Technology Services. Carolyn Leonard, Former CBOE Member, Co-Founder - DyMynd THE BUZZ
Bringing women and advisors into the options fold - a look at IMCA, Boston Options Exchange & Dymnd's upcoming "All Women Want Options" webinar. A new report on the "typical" advisor from Investment Advisor Association All advisors should pay attention to Amazon after their multibillion acquisition of Whole Foods
OFFICE HOURS
#AdvisorsOption #FlashPoll. With $VIX hitting new lows and $SPX new highs, what is your financial advisor telling you about using #Options?
13% - Write covered calls 35% - Buy protective puts 22% - Do Both - Use Collars 30% - They Won't Touch Options Listener questions Question from Tancray - Do you think the trend toward passive investing will help or hurt options focused advisors? Question from Nick Sassela - I?ve read a lot about robo advisors encroaching on the domain of the traditional financial advisor. I would think complicated assets like options wouldn?t be well-suited to algorithms and machines. Is it fair to say that options then are the silver bullet to the rise of the robo advisors? Option Block 648: Everyone Loves Cheap Lottery Tickets Posted August 29th, 2017  Trading Block: A quiet day in the market. Odd Block: Ratio put spread in Expedia Inc. (EXPE), ratio risk reversal in Dollar General Corp. (DG), and put-palooza in Pure Storage Inc. (PSTG). Mail Block: Options Question of the Week Look at #MayweatherMcGregor as #Options traders. @TheNotoriousMMA calls cost $1, pay $3. #Floyd calls cost $4, pay $1. Your trade? 30% - Buy #Connor Calls? 32% - Buy #Floyd Calls? 16% - I'd rather sell premium 22 - Whoever Wins We Love Listener questions: Question from Allan8 - Did Mark cash any calls on Floyd? Question from LAXX - Is it me or do the Vegas odds makers do a very similar job to options market makers? Another Options Question of the Week: Let's get cheap! If you had to buy "lottery ticket" December calls for $.05 in one name - which would you choose? #HomeRun AMZN AAPL Tesla VIX MORE listener questions: Comment from The_Quantum_Revloution - Which options are trading at $0.05 though that's the question? Comment from Randy Wright - AAPL, and I just might join you. Question from NTT - Can you clarify the question from last show. Was that SPX put-call spread guy asking about selling OTM calls vs. OTM puts or same strike? Comment from Dennis Lyrintzis - Wow over 15,000 Jan 55 calls bought for AAL. Thanks for the Alert. Question from ReallyG? - Love your #podcasts! Question: market profile displays limit orders. Is there a service that displays stop orders? Just wondering Question from KBX32: What is the cheapest way to hedge my portfolio w options? Around the Block: Upcoming Earnings LULU (8/31)  Volatility Views 269: One More VXX Reverse Split Posted August 28th, 2017 Volatility Review The numbers: VIX Cash - 12.33, a high of 14.45 on Monday. VVIX - 100 CBOE Skew Index - 130 Russell's Weekly Rundown VIX Options: ADV - 764k, VIX Call/Put - 3.4, Total 11.5m (8.88m Calls, 2.66m Puts) VXX reverse split trade Volatility Voicemail: Listener questions and comments Comment from JLC - That $VIX 60 guy is just nuts. He's just trying to make a name for himself with that prediction. $SPX would need to drop over 10% to be right. Question from FContangotrader - What is your thought on $VIXH? Maybe every episode you can give an intro into various Vol ETN and ETF. Thanks and keep with good work Comment from FContangotrader - Mark Sebastian, so how do you hedge your gamma and your mother in law? CRYSTAL BALL Last week Mark L. - 13.55 Mark S. - 12 Kevin - 18.25 Guest - 14.30 This week Mark L. - 11.75 Mark S. - 11.00 Russell - 10.80  This Week in Futures Options 66: Hurricane for Crude Posted August 28th, 2017 Topics this week include: S&P and other indexes Silver and Gold Crude Oil Winners: Copper, Soybean oil Losers: Lean hogs, corn  FUTURES OPTIONS FEEDBACK Question from Sho Odwa - Hi! Which website publishes real-time commodity options quotes Comment from Allan - I would have thought KC Wheat would be the winner? Question from NN0M - Why did Tosaw put on a two year collar in silver? Why that time frame? Question from ReallyG - Love your #podcasts! Question: market profile displays limit orders. Is there a service that displays stop orders? Just wondering Question from TheBiggers: Calls are typically more bid in futures options than equity options. So does it stand that collars are more effective in futures options?  OICs Wide World of Options 39 - Selecting Option Strike Prices and Months Posted August 28th, 2017 WWoO Show 39: Selecting Option Strike Prices and Months Joe Burgoyne speaks with Dan Passarelli from Market Taker Mentoring on what investors should consider when choosing strike prices and month. Then, on Profiles and Perspectives, Carolyn Leonard of DyMynd shares her experiences as a woman in the financial industry and what resources are available to women who are seeking financial empowerment.  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 As always, you can join in the fun at http://mixlr.com/options-insider/  |
