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
- OPEC MEETING BEGINS – OPEC AND ALLIES AGREE TO DEEPEN OIL OUTPUT CUTS
- OPECWATCH TOOL – https://www.cmegroup.com/trading/energy/cme-opec-watch-tool.html
- THERE’S NO DREAMY UPSIDE TO BE FOUND IN CRUDE RIGHT NOW.
?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?