Mark sits down with Tom Boggs, Will Patrick, and Pate Barker for a special Year in Review episode. They discuss the surprises, trends, and key products that drove equities, FX, interest rates, and Ags in 2011
Volatility Review: SPX/VIX review — some level disparities between the VIX cash and the VIX futures. Euro vol is in single-digit territory. Nasdaq VolContract preview.Listener Mail: Comment on the Great Volatility Skew Debate, Don's comments on volatility, and questions about Nasdaq VolContracts.Crystal Ball: How will the disparity between VIX cash and VIX futures unwind? Where will Euro vol go next?
Volatility Review: SPX/VIX review — some level disparities between the VIX cash and the VIX futures. Euro vol is in single-digit territory. Nasdaq VolContract preview.Listener Mail: Comment on the Great Volatility Skew Debate, Don's comments on volatility, and questions about Nasdaq VolContracts.Crystal Ball: How will the disparity between VIX cash and VIX futures unwind? Where will Euro vol go next?
Trading Block: Markets up, VIX down. Interesting activity in the VIX futures. Massive retail growth in weeklys. The Michael Myers market. Odd Block: Unusual activity in Morgan Stanley (MS) and Kellogg (K).Listener Mail: A listener has a college-age son with $10,000 to invest. They want to know if they're foolish to think if they can make money over time, and possibly even beat the S&P?Strategy Block: Uncle Mike asks, "How do you know when you're being stupid?"Around the Block: GM earnings before the open. Earnings next week in: RDN, Garmin. AAPL chat. CPI number out on Friday. Tim's keeping an eye on copper.
Trading Block: A decent selloff in VIX cash, but is the unknown still lurking? Greece stumbling toward salvation, but the worst is not over yet. Apple over 500 — up 2%. What's been causing this move to the upside? A few earnings after the bell: LPSN, SGEN.Odd Block: Unusual activity in NetApp, Inc. (NTAP), Live Nation Entertainment, Inc. (LYV), and Seattle Genetics, Inc. (SGEN).Xpress Block: Tim Navabi helps to explain "Estimated Commisions" when closing out short positions.Around the Block: Upcoming earnings: Zenga – 2/14 (The love following Facebook's IPO continues), GM 2/16, Marriott -2/15, NVDA – 2/15 and TESLA – 2/15. What's the best way to incorporate weeklies into ones’ current model?
Volatility Review: Euro vol review. March Euro VolContract has an interesting phenomenon brewing — realized vol calculation is 7.93, and the inferred volatility is 10.84. How or where will they meet? Major correlation break in VIX/S&P 500.Volatility Viewpoint: Not afraid of controversy, the panel discusses the notion of VIX settlement price manipulation with Henry Schwartz, founder and CEO of Trade Alert.Crystal Ball: Short VIX going into the weekend, but then watch out for the unknown unknown. Don makes a shaky prediction that the Euro vol will dip lower.
Volatility Review: Euro vol review. March Euro VolContract has an interesting phenomenon brewing — realized vol calculation is 7.93, and the inferred volatility is 10.84. How or where will they meet? Major correlation break in VIX/S&P 500.Volatility Viewpoint: Not afraid of controversy, the panel discusses the notion of VIX settlement price manipulation with Henry Schwartz, founder and CEO of Trade Alert.Crystal Ball: Short VIX going into the weekend, but then watch out for the unknown unknown. Don makes a shaky prediction that the Euro vol will dip lower.
Trading Block: Apple is back to the races following the Nortel patent news — up 10% post earnings and vol popping to the upside. Groupon down 14% – AGAIN. Cisco earnings were decent, but is the worst over? CBOE announces record volume numbers – stock shrugs in response. Activision out after the bell – now trading close to $13. LinkedIn after the bell as well. Tis the season to trading earnings long premium. Odd Block: Unusual activity in IROBOT, (IRBT) AMDOCS LTD – (DOX), and a RENN review from Jan 30. Xpress Block: Jon Grigus talks Facebook, its upcoming IPO, and poses the question "What will Facebook's closing price be on the first day of trading?" LISTENER QUESTION If a brokerage says the fee for option assignment is $20, is that per share, per contract (100 shares) or per order? So if I have 10 contracts of 100 shares each, do I pay 2000, 200, or 20 assuming they are all assigned? Around the Block: Upcoming earnings: GM 2/16 – Marriott 2/15 – NVDA 2/15 – TSLA 2/15. A final rundown of the earnings that came out today.
Trading Block: Apple is back to the races following the Nortel patent news — up 10% post earnings and vol popping to the upside. Groupon down 14% – AGAIN. Cisco earnings were decent, but is the worst over? CBOE announces record volume numbers – stock shrugs in response. Activision out after the bell – now trading close to $13. LinkedIn after the bell as well. Tis the season to trading earnings long premium. Odd Block: Unusual activity in IROBOT, (IRBT) AMDOCS LTD – (DOX), and a RENN review from Jan 30. Xpress Block: Jon Grigus talks Facebook, its upcoming IPO, and poses the question "What will Facebook's closing price be on the first day of trading?" LISTENER QUESTION If a brokerage says the fee for option assignment is $20, is that per share, per contract (100 shares) or per order? So if I have 10 contracts of 100 shares each, do I pay 2000, 200, or 20 assuming they are all assigned? Around the Block: Upcoming earnings: GM 2/16 – Marriott 2/15 – NVDA 2/15 – TSLA 2/15. A final rundown of the earnings that came out today.
Trading Block: VIX creeping up off concerns of Greek debt weighing on the market again. Greece reportedly eliminating 15,000 jobs. NYSE/Deutsche Boerse deal was killed last week by the EU ? there will be no mega combination of three different options exchanges. Odd Block: Unusual activity in: Abercrombie & Fitch (ANF), and Solarwinds Inc. (SWI). Xpress Block: Tim Navabi discusses recently active and popular names out on the trading floor. Listener Mail: I want to be long the VIX or VX, what is the best way to do this? Around the Block: A big earnings week ahead: Disney 2/7 AMC; Cisco 2/7 AMC; CBOE 2/9 BMO; Activision 2/9 AMC; Groupon 2/8 AMC; LinkedIn 2/9 AMC.
Volatility Review: How low can vol continue to go? Dancing around 17 in VIX cash. We have finally reached perfect equilibrium. The last 22 trading days of realized volatiity was 6.73 for the S&P, the lowest Don has remembered since 1994. Lofty numbers have skewed people's ideas of "normal," and it's time to reassess the definition of it. Expiration day for the February Euro VolContract.Volatility Viewpoint: Mark, Mark, and Don discuss volatility correlation, overlays for equity portfolios, and several other uses for volatility products with Simon Acomb, from Acomb Financial Research, Ltd.Crystal Ball: Dipping into the murky depths of volatility. Mark S. sees a flattening of the VIX yield curve, and thinks it makes sense to isolate gamma and short VIX using S&P versus VIX futures. Don provides insightful Euro vol picks.
Volatility Review: How low can vol continue to go? Dancing around 17 in VIX cash. We have finally reached perfect equilibrium. The last 22 trading days of realized volatiity was 6.73 for the S&P, the lowest Don has remembered since 1994. Lofty numbers have skewed people's ideas of "normal," and it's time to reassess the definition of it. Expiration day for the February Euro VolContract.Volatility Viewpoint: Mark, Mark, and Don discuss volatility correlation, overlays for equity portfolios, and several other uses for volatility products with Simon Acomb, from Acomb Financial Research, Ltd.Crystal Ball: Dipping into the murky depths of volatility. Mark S. sees a flattening of the VIX yield curve, and thinks it makes sense to isolate gamma and short VIX using S&P versus VIX futures. Don provides insightful Euro vol picks.