This Week In Futures Options

Topics this week include: Rates Crude/WTI Metals/Gold Equities/RVX Ags Futures Options Feedback: Listeners take the reins Question from Nittles - Maybe Nick can talk about what the Euro pit was like back in go-go 90s when rates were rocking under Greenspan? Comment from John C David -Trade Wars & Loss of Farmers' Soy & Other Agriculture Exports?! American Economy Slowing: Trade Imbalance/Tax Cuts 4 Wealthy Companies/Individuals (Reducing Tax Revenues)/Exploding Deficits! Trump/GOP Failed Policies Is Cutting Medicare/Medicaid/SS/CHIP. Trump/GOP Hurting Farmers! Question from EggsOver - What's the biggest derivatives market outside the U.S.? Question from Charlie Cott - Is QuikVol the same as QuikSkew or something else? Are they all available in QuikStrike? Question from Tamavil - Does it make sense for an active trader to become a member of the exchanges anymore or are those days gone? Question from JLSmith - How important is OI when you're trading options? Are there other indicators that you focus

Topics this week include: Crude Metals/Gold Equities/RVX Crypto/Bitcoin Futures Options Feedback: Listener questions and comments Question from George Pat - You say equity put skew isn't interesting. I find it pretty fascinating because it's a barometer for the market's demand for protection and income. I'm in for more equity skew. Question from Ron S6 - What's your suggested minimum account size to start trading options?

Topics this week include: Equities/Russell Crude/WTI Gold/Silver/Copper Crypto/Bitcoin Ags/Corn Futures Options Feedback: Listener questions and comments Question from Varga - Which strategy should futures options traders learn about and focus on first? Question from BelaRussian - I'm long futures options and they are ITM. If I want to exercise it now as oppose to selling them, I can do that any time it is ITM right? Aren't futures traded in American style option when one can exercise it if it is ITM?

Topics this week include: Equities Russell/EMini Crude Crypto Futures Options Feedback: Listeners have their say Options question of the week: We talked about crypto derivatives at the @BlockchainVoice Conference. So this week we want to know which Crypto product you'd like to see listed on a major venue next. 72% - Bitcoin Options 8% - Ripple Options/Futures 15% - Ether Options/Futures 5% - Litecoin Options/Futures Listener questions and comments Comment from Ledger8: Enjoyed your panel on crypto derivatives. Good job hitting the big points. But I was disappointed that #bitcoin options don't seem to be on the radar anytime soon. The CME rep made it sound like we won't see them listed this year. Bummer! Question from Allani: I trade a fair amount of EMini S&P options. I'm eyeing the Dow but don't see a significant amount of volume there. I've heard you mention this before on the TWIFO program. Why do you think the S&P contract generates so much more interest than the Dow contract? After all Dow i

This episode was originally posted on 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: Listener questions and comments 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?  

Topics this week include: Crude Equities/S&P Metals/Silver Bitcoin/Crypto Futures Options Feedback: Options question of the week We're talking about #Crypto #Derivatives at the upcoming @BlockchainVoice Conference (register at http://VoiceOfBlockChain.com). So this week we want to know which #Crypto product you'd like to see listed on a major venue next. 72% - Bitcoin Options 8% - Ripple Options/Futures 15% - Ether Options/Futures 5% - Litecoin Options/Futures Listener questions and comments: Comment from Umesh - (SEC rejecting Bitcoin ETFs) May be they only like to trade futures #BTC Comment from Apex Trading - Good. I have several wells and the low gas price has been sucking! Question from Lil Danger - First selloff, then NVDA, now SEC rejects bitcoin. Is the bloom off the crypto rose? Comment from LVers - Hogs please. Question from Splitsville - Why is long put/covered call a "collar" while short put/long call is a "risk reversal?" Never understood that one.

Topics this week include: Crude/WTI Ags/Soybeans Equities Metals/Gold Bitcoin/Crypto Futures Options Feedback: Listeners take the reins Comments on the U.S./China soybean battlefield Ned Brown has comments on the switch from soybeans to sugar cane Keifer says don't expect business to come back to the U.S. once the tariff is lifted. Liz O. wants to know where to find all of Blu's research (Right here!) Wild Tiger likes the July options review XRP Please: Thanks for the hard work to build XRP liquidity

Today we are joined by: Mike Tosaw from St. Charles wealth management Sean Smith, Managing Director of Derivatives Licensing at FTSE Russell Ron Bundy, CEO of Benchmarks, North America at FTSE Russell Topics this week include: Equities Indices/Russell Crude/WTI Metals/Silver Winners: Oats, Nat Gas, Iron Ore Losers: Rough Rice, WTI, Lumber Futures Options Feedback: Listeners weigh in Question from Dolamite - What's the best way to harvest the higher levels of volatility in the Russell 2000? Question from Leevy - Is this a favorable environment for metals collars - looking at mostly gold and silver not copper or industrial.

Our featured guest in this episode is Blu Putnam, Chief Economist at CME Group. Topics this week include: Crude/Brent/WTI Equities/Russell Ags/Soybeans Question form Robinar - La nina or el nino? Which one is good for U.S. Ags? I always forget. Gold/Metals Bitcoin/Crypto

Topics this week include: Crude Ags/Soybeans Question from LLN9 - Are beans calls showing any hope for an upside move in next six months? Bitcoin/Crypto Futures Options Feedback: Listener questions and comments Question from HLC - I have a couple of FOPs that are going to expire deep in the money but covered by the underlying long future position. When should I expect the long position to disappear from my account so I can hedge accordingly? Would I have the position till EOD Friday or is Thursday the last day? Or it would disappear from my account anytime during Friday? Question from Joanna Lan - What kind of courses do they offer at the CME institute? Are they all in-person or online? Question from Da Brezner - Nick from QuikStrike has suggested being long gold with a hedge. Is he just suggesting being long the futures with a long put hedge or just long gold deltas through something like a risk reversal and then having a long put kicker?

Topics This Week Include: Silver/Gold Crude Equities/Russell Futures Options Feedback Question from Daniel - Saw what looked like a gold fly in the TWIFO report but Nick from QuikStrike said he didn't see it in the block reports. Why is that? Are all trades not reported in the block trade reports? Question from Yancy - I heard it said that there are 20 active names and about 75 tradeable names in the equity options market for retail and that's about it. How does it shake out in futures options?

Topics this week include: Crude Equities/Russell Metals/Gold Ags/Soybeans Futures Options Feedback: Listeners weigh in Comment from L Sert - Missed Nick on the show. What's his thought on the big $150 crude prediction? Question from P Kell - Looking at CME TWIFO page and trying to figure it out. What do the numbers in the 25D and 25D QuikSkew columns mean? Apologize if you've answered this before but just discovered the show.

Topics this week include: Metals Crude Equities/Russell Ags/Soybeans Crypto/Bitcoin Futures Options Feedback: Listners chime in Comment from Trade_The_Swing -Today is sunny as trade tariffs begin, yesterday was cloudy as trade tariffs were about to start, tomorrow will be hot weather cause tariff war de-escalate, all this tariffs noise is beyond silly. Comment from Son of Algos - #BuckleUp #TradeWar No #MAGA Just massive debt, shrinking system liquidity & Trump plunging the West into the Dark ages. Comment from Leveq - I agree with your other listener that it's the brokers putting the brakes on weeklies. I don't even see them listed on my platform. Wth? Question from Desmond - What is the one thing you think people really should know, but don't about the differences between futures options and equity options?

Topics this week include: Crude Equities/Russell Ags Gold Bitcoin Futures Options Feedback: Listeners take over FlashPoll: Crude oil has been on a tear this week. We know that many of you are trading options on this hot commodity. Quite simply - which options product are you using to slake your thirst for Crude oil? WTI? USO? XLE? WTI USO XLE Other Listener questions and comments: Comment from Olivetrader2 -I may have the key to the weeklies mystery or I may be captain obvious. If I want to trade weeklies I need to ask for weeklies options limits to my clearing firm. Regular options limits don't apply. I use @Trading_Tech. I never asked for them because my trading results are usually not good around expiration. And weeklies = more expirations. Question from Leif - Is the use case for Russell 2000 options the same as S&P and Nasdaq - primarily covered calls and protective puts? Question from Tatuf - It looks like crude is setting up to be a decent candidate for call ratio spreads (short 1, long 2). Ce

Topics this week include: It's Russell Reconstitution time: Russell 1000 & 2000 rebalancing today. Could result in the most heavily traded session of 2018. Equity volatility. Will we see a vertical asymptote? CME's new OPEC watch tool Crude: OPEC ministers agree to raise oil production but don't say by how much Ag chat: beans hit nine-year low on rejeuvenated trade war talk CME Bitcoin futures off another 500 handles Futures Options Feedback: Listeners take over Question from Tim Kessler: Do you need a futures account if you just want to trade options on futures? Question from Nicholas: Thoughts on the reports from the VIX-rigging prof that someone propped up the price of bitcoin last year? You guys buying what he's selling? Question from Bellat: What do you think of crypto vol at these levels, particularly Bitcoin? Are you guys doing any trading even though there aren't really any true options available yet?

Your co-hosts this week are Sean Smith, Managing Director of Derivatives Licensing at FTSE Russell and Nick Howard, Managing Principal at Bantix Technologies. Topics this week include: Russell reconstitution time Beans! Purdue, CME Group Ag Barometer hits 16-month high Crude Futures Options Feedback: What's on your mind? Question from Mark Brandt: Does Nick use the weather to trade ags? Does he have any esoteric Eurodollar information to share? Question from Olive Trader: Will gold vol go bid after the Fed decision? Question from 8Ack: Is there an easy way to compare the relative skew levels of E-mini Russell vs E-mini S&P? Question from Silvan8: I think I was the one guy who used to trade RVX options back in the day. Can you ask FTSE for an update on RVX options? I see some juicy spreads lining up with VIX and I would love to get back in action.

Today's CME hot seat guests are Eric Baum, Senior Commodity Trader, and John Rothstein, Chief Operating Officer at Optiver US. Topics this week include: Ags Corn Soybeans Equities/RVX Crude/WTI Futures Options Feedback: Flash poll! Let's stick with our Volatility theme to round out the week. Quite simply - which product do you think has the highest 30-day implied Volatility? No cheating (or checking with your broker)! What does your gut tell you? VIX? Bitcoin? TSLA?RUSSELL2000? RUT? IWM? 34% - Tesla, TSLA 21% - VIX 35% - Bitcoin 10% - Russell 2000: E-mini, RUT Listener questions and comments: Question from Toni - I've been listening to TWIFO since the launch (along with Vol Views and Advisors Option). Thanks for so many hours of listening and learning. I think I have a problem with TWIFO though because you guys are slowly luring me to the "dark side" of Ag products. But I'm not really sure where to begin because I'm a complete novice when it comes to agriculture (mostly trade spy and single name equity o

Topics this week include: WTI/Crude Gold Equities Ags/Soybeand Rates Crypto Futures Options Feedback: Flash Poll! Let's stick with our Volatility theme to round out the week. Quite simply - which product do you think has the highest 30-day implied Volatility? No cheating (or checking with your broker)! What does your gut tell you? VIX? Bitcoin? TSLA? RUSSELL2000? RUT? IWM? Tesla, TSLA VIX Bitcoin Russell 2000: Emini, RUT Listener questions and comments: Question from Ned Brown -You had a guest on a few weeks back and he mentioned what he thought Bitcoin volatility would be on the options. You would think it would be an instant winning product. I've always thought the tricky part is finding the market makers to provide the liquidity...I assumed the big volatility was the reason crypto options weren't being pushed. Has anyone asked the SEC about them? Question from BB88 -How do I do what Nick said last week to see the options activity on that day's expiring future?

Topics this week include: Gold Equities Crude Futures Options Feedback: Options question of the week. CME Group just announced a new Ether index this week expanding the universe of Crypto indices. But, at the end of the day, we all want more tradeable products. Which derivatives product would you like to see next in the Crypto space? Bitcoin? Ether? Ripple? LightCoin? 76% - Bitcoin Options 9% - Ether Futures 6% - Ripple Futures 9% - LightCoin Futures Listener questions and comments: Comment from Patrick Snoke: The title got me excited for Talking TACOs on TWIFO , I thought we were going to talk about a 2:1 beef-fish pairs trade. Just a suggestion for next time Question from Flyer: How is Bitcoin's volatility calculated? Is the limited supply and abundant demand a current driver upwards for the price? Comment from Milton FMR Institute: Trying to short lumber (LSN18) for two days now but guess what - no way to get the order filled Question from 0OZEI: Can I trade gold-silver spread options on CME?

Today's co-host is Tim McCourt, the Global Head of Equity Products at CME Group. Topics this week include: Equities Trade at Cash Open (TACO) Crude Gold Bitcoin/Crypto Futures Options Feedback: Listener questions and comments Question from Andrew Sullivan - When, oh when, are we going to get bitcoin options? I don't want to touch the futures so I'm left sitting on my hands during these crazy moves. Question from Flyer - How is Bitcoin's volatility calculated? Is the limited supply and abundant demand a current driver upwards for the price?