Upcoming Economic Reports
A preview of what may move the market this week
| TIME (ET) | REPORT | PERIOD | FORECAST | PREVIOUS | | MONDAY, JULY 24 | | 9:00 AM | Markit manufacturing PMI (flash) | July | -- | 52 | | 9:00 AM | Markit services PMI (flash) | July | -- | 54.2 | | 10:00 AM | Existing home sales | June | 5.58mln | 5.62mln | | TUESDAY, JULY 25 | | 9:00 AM | Case-Shiller US home price index | May | -- | 5.50% | | 10:00 AM | Consumer confidence index | July | 116.5 | 118.9 | | WEDNESDAY, JULY 26 | | 10:00 AM | New home sales | June | 615,000 | 610,000 | | 2:00 PM | FOMC announcement | Â | 1-1.25% | 1-1.25% | | THURSDAY, JULY 27 | | 8:30 AM | Weekly jobless claims | 22-Jul | 241,000 | 233,000 | | 8:30 AM | Advance trade in goods | June | -$65.0bln | -$65.9bln | | 8:30 AM | Durable goods orders | June | 4.90% | -1.10% | | 8:30 AM | Core capex orders | June | -- | -0.20% | | 10:00 AM | Housing vacancies | Q2 | -- | -- | | FRIDAY, JULY 28 | | 8:30 AM | Gross domestic product | Q2 | 2.80% | 1.40% | | 8:30 AM | Employment cost index | Q2 | 0.60% | 0.80% | | 10:00 AM | UMich consumer sentiment | July | 93.5 | 93.1 |
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 Options Insider Radio Network Episodes you may have missed from Options Insider Radio last week Advisors Option 57: Beware of Gamma and Flying Deltas Posted July 21st, 2017 Options 101: Gamma: Measuring the Changes in Delta - What is the relationship between gamma and Delta?
- What are the properties of gamma? What is put-call parity?
- At the money options and gamma? Out of the money options and gamma? Time and gamma?
The Buzz: The low volatility regime continues: 7 of the 11 days in the past 20 years where VIX has been below 10% have occurred since mid-May 2017. Two studies, two different conclusion about alts & hedge funds. Office Hours: Listener questions and comments: Advisors Option Flash Poll. With $VIX hitting new lows and $SPX new highs, what is your financial advisor telling you about using #Options? - Write covered calls?
- Buy protective puts?
- Do Both - Use Collars
- They Won't Touch Options
Listner Questions: - Question from LCB - Hey guys. You mentioned on the show that 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 TIM D. - How high do rates need to be before I need to worry about rho?
 Option Block 637: Talking Earnings with Tubby Posted July 21st, 2017 Trading Block: Earnings after the bell today: - Ebay - $37.19
- Microsoft - $73.81
Earnings season is back! $MSFT & $EBAY are up next. $MSFT ATM Straddle = 3.5%. $EBAY ATM Straddle = 7% Which trade would you make? - Buy $MSFT Straddle 3.5%
- Buy $EBAY Straddle 7%
- Sell $MSFT Straddle 3.5%
- Sell $EBAY Straddle 7%
NFLX Closed $161.70 on 7/17, traded as high as $185 (up $23) the next day. Odd Block: Put trade in Home Depot Inc (HD) and puts roll in Spider S&P Biotech (XBI). Strategy Block: Uncle Mike Tosaw discusses call rolls Mail Block: Listnener questions and comments - Comment from Roger Barone: Please advocate for ALL AMERICANS to be able to trade foreign equity or index options! Trying to get the SEC or Financial Services Committee to do the right thing is like talking to a wall. They are both controlled by the big banks and QIBs whose monopoly they protect. Insane archaic policy pushing Americans - and their money - offshore. Info: optionproject.wordpress.com/reform. I'm gonna try to change from the inside if all else fails: barone4congress2018.com.
Around the Block/This Week in the Market:  OICs Wide World of Options 38: Panel - Options Strategy Selection: What You Should Think About Before You Trade Posted July 21st, 2017 WWoO Show 38: Panel- Options Strategy Selection: What You Should Think About Before You Trade This rebroadcast of OICs webinar panel discusses how experts choose their optimal options strategy and the important questions that investors and traders should consider before trading.  Options Playbook Radio 167: Trading Options After Hours Posted July 20th, 2017 It's huddle time again on Options Playbook Radio. This is when Mark and Brian answer listener questions. 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. The Bobster wants to know if options can be traded outside of U.S. trading hours. - Short answer: yes and no
- Longer answer: liquidity issues, wider spreads, other nuances.
- Should there be regular after hours?
- Should it be limited to a number of names?
- Index versus equity options
Nelly2 wants to know about assignment. Just so I am clear on the spread assignment thing. If I am in SPX, then I just get cash if the index closes inside my spread. But if I am in a stock, then I get the stock? - Cash-settled
- Guidelines for cash-settled versus regular settled
- Sellers and buyers rights and obligations
 Options Insider Radio Interviews: Rocking Out For Kids With ALTSO Rocktoberfest 2017 is October 5 at City Winery How did it... Posted July 18th, 2017 Mark is joined by Mead Welles, Co-Founder, Chairman and Treasurer of A Leg to Stand On (ALTSO). Mead is also the Founder and CEO of Octagon Asset Management, LLC They discuss: - What is ALTSO?
- Rocktoberfest 2017 is October 5 at City Winery
- How did it all start?
- What surprises are in store for this year?
- How do the Chicago and New York events differ?
- Any plans for additions to the schedule?
- New York event is October 26 at the Hard Rock Cafe in Time's Square
- What are ALTSO's business practices?
- How has technology helped ALTSO meet their goals?
About ALTSO: A Leg To Stand On ("ALTSO") is a non-profit organization providing free orthopedic care including prosthetic limbs, orthotic devices, mobility aids, corrective surgery and rehabilitative care to children in the developing world. Its mission is to offer children who have lost their limbs in traumatic accidents or suffer from congenital disabilities the physical capabilities to access the opportunities and self-esteem earned through education, work and mobility. The net proceeds raised at the events will benefit ALTSO's programs in Asia, Africa and Latin America. For more information on the charity or events, visit ALTSO's website at altso.org.  Option Block 636: Netflix Earnings with the Option Block Home Boys Posted July 18th, 2017 Trading Block: NFLX earnings after the bell. Netflix trading around $161.19. Options Flash Poll: Earnings season is back! $NFLX ($161.19) is currently pricing in a $13 ATM straddle (approx. 8%). What's your take? - $13 is WAY too Cheap
- $13 is WAY too expensive
- $13 is JUST RIGHT
- I'm sitting this one out
Amazon taking on Blue Apron - filing a trademark for a competing meal-kit service Odd Block: Puts trade in (CHRW), puts roll in Harley-Davidson (HOG), size call diagonal in STZ. Mail Block: Listener questions and comments Around the Block/This Week in the Market: - July 18: Import and Export Prices, Treasury International Capital
- July 19: Housing Starts
- July 20: Jobless Claims
 Volatility Views 263: VIX Call Spreads and Tin Foil Hats Posted July 17th, 2017 Volatility Review: A look back at the week from a volatility perspective. Volatility Voicemail: Listener questions and comments Comment from Roger Barone: If they did so thru @IBKR their margin is $35,250,000. Anyone else ZERO! @IBKR SUCKS! @CBOE REFUSES to stop their MARGIN ABUSE! @SEC_News...Yes. They charge a MINIMUM OF $150 on ANY VIX SPREAD even if a long one like that. THEY TOTALLY SUCK! I told CBOE at Pinnacle but no action. Read this and this. Crystal Ball: Wild prognostication Last week: - Mark L. - 10.60
- Mark S. - 10.05
- Russell - 11.99
This Week: - Mark L. - 10.25
- Andrew - 9.99
- Ophir - 9.75
 This Week in Futures Options 60: Return of the Russell Posted July 17th, 2017 Today's special guest is Tim McCourt, Global Head of Equity Products at CME Group. Topics this week include: - Russell Index
- Ags
- Soybeans
- Corn
Futures Options Feedback Flash Poll There is some volatility rocking in the ags this week. Which product would you say is on your radar, or perhaps in your portfolio? - Soybeans
- Corn
- Wheat
- Other
Listener questions and comments: - Question from Nicker - Which major index is the most volatile?
- Question from Eve4 - You talked gold collars a few episodes back, silver though has been selling off. Is this a good time for a silver collar?
- Question from Andrew - Can you short Bitcoin BTC?
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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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