Preview Mode Links will not work in preview mode

Volatility Views


Volatility Views is the premier radio program for volatility traders. From interviews with leading industry guests to detailed analysis of volatility products, this program takes you inside the world of volatility trading like never before. If you are an experienced options trader looking to expand your understanding of volatility, or if you are simply curious about VIX and other volatility products, then this is the program for you.

Jan 11, 2019

VOLATILITY VIEWS 337: Looking At VIX From A European Perspective

- HOST: MARK LONGO, OPTIONS INSIDER MEDIA GROUP
- SPECIAL GUEST CO-HOST: AASH VYAS, PORTFOLIO MANAGER -  TUNGSTEN INVESTMENT FUNDS

VOLATILITY REVIEW SEGMENT
VIX STILL EERILY FLAT - HOVERING AROUND 20 LEVEL.
MARK/ANDREW VOLATILITY REVIEW - WHICH VOLATILITY TRADES, TRENDS OR DEVELOPMENTS CAUGHT YOUR EYE THIS WEEK?


VIX CASH
19.25 - 3.5 PTS LOWER THAN LAST SHOW

VVIX
85.5 - 4.5 PTS HIGHER THAN LAST SHOW

VIX FUTURES CURVE
STRANGELY FLAT
FRONT MONTH: .4PT PREMIUM TO CASH
2ND MONTH: .65 PT PREMIUM TO CASH

VIX OPTIONS
TODAY - 215K
ADV - 584K NEARLY UNCHD FROM LAST SHOW

TOP VIX POSITIONS
327336 .VIX Feb 13th 37.5 C, chg -2140
245513 .VIX Jan 16th 30.0 C, chg -243
213192 .VIX Jan 16th 35.0 C, chg -24
209890 .VIX Feb 13th 40.0 C, chg +175
170651 .VIX Jan 16th 32.5 C, chg -380
164631 .VIX Apr 17th 45.0 C, chg +2463
156643 .VIX Jan 16th 18.0 P, chg +571
153838 .VIX Apr 17th 70.0 C, no chg
144909 .VIX Feb 13th 35.0 C, chg +3900
140853 .VIX Apr 17th 37.5 C, no chg
138566 .VIX Mar 19th 37.5 C, chg -3
135504 .VIX Jan 16th 24.0 C, chg -308
132670 .VIX Jan 16th 15.0 P, chg +292
131605 .VIX Jan 16th 16.0 P, chg +3575
124540 .VIX May 22nd 37.5 C, no chg
122430 .VIX Jan 16th 25.0 C, chg -3957
121452 .VIX Mar 19th 40.0 C, chg -286
121369 .VIX Feb 13th 30.0 C, chg +29260
116491 .VIX Jan 16th 19.0 P, chg +2240
116019 .VIX Jan 16th 20.0 P, chg +3823
Total 8.63m (6.41m Calls, 2.22m Puts)


HOT VIX OPTIONS TODAY
FEB RR/STRANGLE?
POTENTIALLY CLOSING?
15000 VIX Feb 13th 45.0 Calls $0.12 (FT Theo=0.09) EDGE=0.03 ASK CBOE 09:39:32.942 IV=136.3% -0.9 CBOE 59k x $0.05 - $0.15 x 62k CBOE SPREAD VIX=20.25 Fwd 122%OTM Detail ContractHist
15000 VIX Feb 13th 16.0 Puts $0.27 (FT Theo=0.26) EDGE=0.01 MID CBOE 09:39:32.941 IV=72.8% +3.6 CBOE 24 x $0.25 - $0.3 x 54k CBOE SPREAD VIX=20.25 Fwd 20%OTM Detail ContractHist

11660 VIX Mar 19th 30.0 Calls $0.64 (FT Theo=0.63) EDGE=0.01 MID CBOE 10:56:38.471 IV=86.0% -0.6 CBOE 27k x $0.6 - $0.7 x 43k CBOE SPIM VIX=20.08 Fwd 49%OTM Detail ContractHist


VXX
40 - 4 PTS LOWER THAN LAST SHOW
TODAY - 121K
ADV - 273K

VXX TOP POSITIONS
203693 VXX Jan 10.0 P, no chg
82235 VXX Jan 15.0 P, no chg
70226 VXX Jan 5.0 P (Nonstd VXX2), no chg
65901 VXX Jan 33.0 P, chg +53
53317 VXX Jan 20.0 P, no chg
51873 VXX Jan 25.0 P, no chg
51826 VXX Jan 50.0 C, chg +14
47328 VXX Jan 30.0 P, chg -38
39767 VXX Jan 50.0 C (Nonstd VXX2), no chg
39578 VXX Jan 52.0 C, chg +22
39265 VXX Jan 40.0 P, chg +549
34849 VXX Jan 35.0 P, chg +92
33589 VXX Jan 18.0 P, no chg
32999 VXX Jan 31.0 P, no chg
32052 VXX Jan 32.0 P, no chg
32000 VXX Jan 28.0 P, chg -1
28451 VXX Jan 35.0 C, chg +8
28171 VXX Jan 27.0 P, no chg
28100 VXX Jan 60.0 C (Nonstd VXX2), no chg
26737 VXX Jan 37.0 P, chg -629
Total 2.41m (1.06m Calls, 1.35m Puts)

VXX TOP TRADES
4829 VXX Jan 39.0 Puts $0.80 (FT Theo=0.81) EDGE=0.01 ASK [MULTI] 11:45:32.979 IV=59.4% +0.7 CBOE 204 x $0.79 - $0.8 x 1167 ISE VXX=40.13 2%OTM Detail ContractHist

2430 VXX Jan 59.0 Calls $0.03 (FT Theo=0.01) EDGE=0.02 BID [MULTI] 12:23:07.285 IV=123.2% +11.1 AMEX 1822 x $0.03 - $0.04 x 1029 GEMX VXX=39.82 Ref 48%OTM Detail ContractHist


SVXY
46 - UNCHD FROM LAST SHOW

VOLATILITY VOICEMAIL
*QUESTION FROM JLVC: What’s the vol crew predicting for 2019?

*QUESTION FROM JT: Any new year's resolutions for vol traders?

*QUESTION FROM TONTAN: So is the short vol, vix trade dead? Should we all just buy vix or vxx calls?

*QUESTION FROM E5L4: Not looking good for the 200k jan 10 puts in VXX.

*QUESTION FROM LROCK3: Is there an update on spikes launch?


CRYSTAL BALL
WHERE WILL VIX BE THIS WEEK?
WINNER - MARK L. with 19.25?
LOSER - The Greasy Meatball with 17.50?


WHERE WILL VIX BE NEXT WEEK?
MARK: 19.25
GUEST: 17.5
AASH VIX CLOSE 2019 PREDICTION IS 22