Volatility Views 280: Tapping the Secret Sources of VIX Info

Volatility Views 280: Tapping the Secret Sources of VIX Info Volatility Review: A look back at the week from a volatility perspective VIX cash: VIX briefly flirted with 12 VVIX: 98.5 - 7 points higher than last week CBOE SKEW Index: 129 - 8 points higher than last week VXN: 15.04 - .5 points higher than last week Russell's Weekly Rundown: VIX Options: ADV - 758k Thurs - 1m Weds - 632k Tues - 899k Mon - 442k VIX call/put: 3.8 - Russell is nervous Hot VIX strikes 710842 .VIX Dec 20th 25.0 C, chg +67163 515136 .VIX Dec 20th 15.0 C, chg -1377 400697 .VIX Nov 15th 20.0 C, chg +5029 372447 .VIX Dec 20th 12.0 P, chg +829 334283 .VIX Nov 15th 21.0 C, chg -5413 308546 .VIX Dec 20th 22.0 C, chg +4167 263899 .VIX Nov 15th 17.0 C, chg +11157 240963 .VIX Dec 20th 20.0 C, chg +7087 226612 .VIX Nov 15th 15.0 C, chg -3270 222571 .VIX Dec 20th 17.0 C, chg +4591 Total 12.7m (10.1m Calls, 2.61m Puts) VXX: 34 - almost unchd from last week Top VXX positions 114719 VXX Jan19 10.0 P, chg +22 75429 VXX Jan 10.0 P (Nonstd VXX2), no chg 75157 VXX Jan19 5.0 P (Nonstd VXX2), no chg 60900 VXX Jan 5.0 P (Nonstd VXX2), no chg 55450 VXX Jan 5.0 P (Nonstd VXX1), no chg 55150 VXX Mar 24.0 P, chg +408 49560 VXX Jan 7.0 P (Nonstd VXX2), no chg 46458 VXX Nov 38.0 C, chg -1763 43537 VXX Jan 20.0 C (Nonstd VXX2), no chg 43457 VXX Jan 8.0 P (Nonstd VXX2), chg +6 Total 3.88m (1.78m Calls, 2.10m Puts) Volatility Voicemail: Listener questions and comments Options question of the week: Trading #Options during #Earnings is a coin flip. But you know you love to do it. What's your #Earnings #Options MO? Buy Calls/Call Spreads Buy Puts/Put Spreads Sell Puts/Put Spreads Fly/Iron Fly/ Iron Cond. Listener questions and comments Comment from TMal: Big options sell firm gain AUM as they do well. They are another "natural seller" of options (weekly and monthly). Question from Chris Thomas: Hey guys. Trading a long calendar on VIX is a bad idea in that what you pay isn't the max loss. It's possible for the closer expiration to experience a larger move than the back month and thus you can lose more than you make? I believe I understand that correctly so my actual question is, is this true for SVXY and VXX? Thanks for imparting your knowledge so us plebeians can learn. Question from Encinoj: Here's my time strangle trade idea for VIX. Buy 1-2 yr VXX 20% OTM puts and also buy approx. 3 mth. 20% OTM VIX calls. Crystal Ball: Wild prognostication ensues Last week: Andrew: 9.99 Russell: 8.95 Mark L: 9.55 This week: Mark S.: 9.99 Russell: 9.15 Mark L.: 9.65