TWIFO 179: DIRECTIONALLY INTIMIDATING CRUDE AND AGS

  • HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP
  • CME HOTSEAT GUEST: ADAM WEBB, FOUNDER OF MACROHEDGED

WHAT WERE THE MOVERS AND SHAKERS IN FUTURES OPTIONS THIS WEEK?

WTI

 AGS

  • SOYBEAN MEAL: DECENT OPTIONS VOLUME – ABOUT 40K ON THE TAPE THIS WEEK
  • SRW: AKA SOFT RED WINTER WHEAT (AKA CHICAGO WHEAT) – ABOUT 80K CONTRACTS ON THE TAPE THIS WEEK
  • CLASS 3 MILK: TRADING A WHOPPING 7500 CONTRACTS THIS WEEK

EQUITIES

  • TRADE WAR OPTIMISM LIFTING MARKETS, CRUSHING VOLATILITY
  • VIX: 14.75 – UP 1
  • VVIX: 99 – UP 3.25 FROM LAST SHOW
  • RVX: 18.50 – UP 1.75 FROM LAST WEEK 
  • VIX/RVX SPREAD: 3.75 – WIDER THAN LAST WEEK

FUTURES OPTIONS FEEDBACK

  • QUESTION FROM JACKSON KNIGHT: WHY IS IT SO HARD TO TRADE FUT OPTS WITH MOST MAJOR BROKERS IN 2019? SEEMS LIKE ITS STILL 2009 FOR A LOT OF THESE FIRMS WHO ONLY EXPECT YOU TO TRADE APPLE AND SPY?
  • QUESTION FROM ANALYSIS1: WHY DO YOU GUYS TALK ABOUT SKEW SO MUCH? I FIND IT CONFUSING. 
  • QUESTION FROM MLLRTZ: CAN YOU DISCUSS OPEC WATCH ON THE SHOW?
  • QUESTION FROM ELION: ANY FOLLOW UP DATA ON THE CME METAL SKEW STUDY? I FIND THAT ONE SOMEWHAT PERPLEXING. 
  • QUESTION FROM ELLIOTT
  •  WHY DO SOME PRODUCTS DO LARGE FUTURES VOLUME BUT SMALL OPTIONS VOLUME? DOESN’T ONE USUALLY LEAD TO THE OTHER?

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