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