Volatility Views 230: Trump Volatility Bonanza

Volatility Review: The Trumpocalypse is here! What a week! VVIX: 102. So, about last night...Patient volatility seller ended up winning big. Volatility shorts cash in despite the shock U.S. election. Volume in non-U.S. trading hours set a new daily record. Russells Weekly Rundown: VIX Options - A crazy volume week! Mon - 1.05M, Tues - 1.05M, Weds - 1.03M, Thurs - 1.08M Total 7.08m (4.62m Calls, 2.46m Puts) Earnings Volatility: Walt Disney Company Nvidia Nordstrom Volatility Voicemail/Options #QuestionOfTheWeek $SPX Weds Weekly straddle says 2% move through election. How much will SPX / $SPY move through Weds 11/9? Over 3% - crazy move Between 2-3% - big move Between 1-2% - mild move Less thastockn 1% - meh Listener questions and comments: Question from Brian: Hi Mark, your shows are the best known to me. Congratulations on your success. I have a topic/question for Volatility Views. I am trying to get a sense of how viable XIV will be in the long term. Are there red flags for ETFs/ETNs that would indicate whether or not they will go broke at some point? Are the bigger ETFs/ETNs a safer bet or is it the ETFs/ETNs that deal with future contracts the ones that end up in trouble? I appreciate and value your advise. Question from Mike The Bookie: Yeah, the ETF based volatility indexes. Is here a good place to bracket UVXY or VXX? Crystal Ball: Wild prognosticating Last week: Mark L. - 18.50 Mark S. - 10.80 Russell - 23.50 This week: Mark L. - 15.00 Mark S. - 12.00 Russell - 13.50