Upcoming Economic Reports
A preview of what may move the market this week
| TIME (ET) | REPORT | PERIOD | FORECAST | PREVIOUS | | MONDAY, AUG. 7 | | 3:00 PM | Consumer credit | June | -- | $18 bln | | TUESDAY, AUG. 8 | | 6:00 AM | NFIB small-business index | July | -- | 103.6 | | 10:00 AM | Job openings | June | -- | 5.7 mln | | WEDNESDAY, AUG. 9 | | 8:30 AM | Productivity | Q2 | 0.60% | 0.00% | | 8:30 AM | Unit labor costs | Q2 | 1.20% | 2.20% | | 10:00 AM | Wholesale inventories | June | -- | 0.40% | | THURSDAY, AUG. 10 | | 8:30 AM | Weekly jobless claims | 5-Aug | 241,000 | 240,000 | | 8:30 AM | Producer price index | July | 0.20% | 0.10% | | 2:00 PM | Federal budget | July | -- | -$113bln | | FRIDAY, AUG. 11 | | 8:30 AM | Consumer price index | July | 0.20% | 0.00% | | 8:30 AM | Core CPI | July | 0.10% | 0.10% |
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 July Options Volume & Market Share Both year-over-year and year-to-date volume increase 1% On August 1, the OCC announced that exchange-listed options volume reached 313,372,650 contracts in July, a one percent increase from July 2016 volume of 308,897,552 contracts. Year-to-date average daily options volume is up one percent from 2016 with 16,486,572 contracts in 2017. Equity options volume in July was 276,744,805 contracts, a one percent increase from July 2016. This includes cleared ETF options volume of 113,596,199 contracts last month, a seven percent decrease over July 2016 volume of 122,362,162 contracts. Index options volume in July was up seven percent with 36,627,845 contracts. Details on total volume and exchange market share are below. (Source: OCC) | Exchange | Equity | Index/Other | Exchange Total | |  | Volume | Market Share | Volume | Market Share | Volume | Market Share | | AMEX | 21,320,115 | 7.70% | 541 | 0.00% | 21,320,656 | 6.80% | | ARCA | 24,286,062 | 8.78% | 3,441 | 0.01% | 24,289,503 | 7.75% | | BATS | 29,677,087 | 10.72% | 0 | 0.00% | 29,677,087 | 9.47% | | BOX | 6,605,066 | 2.39% | 0 | 0.00% | 6,605,066 | 2.11% | | C2 | 10,412,500 | 3.76% | 161,536 | 0.44% | 10,574,036 | 3.37% | | CBOE | 48,486,061 | 17.52% | 36,087,517 | 98.52% | 84,573,578 | 26.99% | | EDGX | 3,721,559 | 1.34% | 0 | 0.00% | 3,721,559 | 1.19% | | GEM | 14,701,467 | 5.31% | 11,176 | 0.03% | 14,712,643 | 4.69% | | ISE | 24,365,814 | 8.80% | 101,033 | 0.28% | 24,466,847 | 7.81% | | MCRY | 429,070 | 0.16% | 0 | 0.00% | 429,070 | 0.14% | | MIAX | 14,785,348 | 5.34% | 0 | 0.00% | 14,785,348 | 4.72% | | MPRL | 3,186,666 | 1.15% | 0 | 0.00% | 3,186,666 | 1.02% | | NOBO | 1,871,644 | 0.68% | 0 | 0.00% | 1,871,644 | 0.60% | | NSDQ | 26,248,379 | 9.48% | 0 | 0.00% | 26,248,379 | 8.38% | | PHLX | 46,647,967 | 16.86% | 262,601 | 0.72% | 46,910,568 | 14.97% | | OCC Totals | 276,744,805 | 100.00% | 36,627,845 | 100.00% | 313,372,650 | 100.00% |
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 Join Us at the Professional Traders Summit...Early Bird Pricing Ends Soon
Meet some of your favorite Options Insider Radio co-hosts
The Professional Traders Summit is presented by some of the sharpest trading minds in the market who are frequently seen on CNBC Fast Money - Fox Business News â Bloomberg - Squawk on the Street, and they are ready to share with you some of their favorite trading strategies. These experts have centuries of experience among themselves, trade for a living, and have taught the art and science of high-performance trading to thousands of other traders. Â Do you want to be next? Plus, it's not all work...here are some events we have lined up just for fun! Â - You will be on the CBOE trading floor for a Mock Trading Session (photo taken!) Â
- Visit with the speakers over complimentary lunches
- Drink and photos with speakers at evening cocktail reception
- Be part of the Options Insider's podcast hosted live during your event
- Surprise Raffle item awarded to one attendee during the speaker panel
 Options Insider Radio Network Episodes you may have missed from Options Insider Radio last week Option Block 641: Talking AAPL, TSLA and Call Scalping Posted August 4th, 2017 Trading Block: Apple earnings after the bell on Tuesday. ATM straddle $6, approx. 4% Options Earnings Poll - $AAPL earnings on Tuesday. The market is pricing a 4% move - approx. $6. Do you think $AAPL can do it? - 32% - $6 is Cheap, Buy Straddle
- 25% - $6 is Rich, Sell Straddle
- 30% - $6 Seems Fair
- 13% - Can't Stand $AAPL
Tesla earnings on Wed - $322.87. ATM straddle - $22.50, approx. 7% Odd Block: Puts trade in Flotek Industries Inc (FTK), calls trade in Mitek Systems, Inc. (MITK), risk reversal in InterActiveCorp (IAC). Strategy Block: Uncle Mike Tosaw discusses recent trades within his SPY portfolio. Around the Block: What's coming up this week? - Earnings: Aug. 4: CBOE
- Aug 4: Unemployment, International Trade
 Options Playbook Radio 169: Tesla Skip Strike Butterfly Posted August 3rd, 2017 Since we are still in the middle of earnings season, it makes sense to continue with stocks that are about to release earnings, in this case Tesla, which announces earnings after the recording of this show. You can find skip strike butterflies on page 108 of The Options Playbook. This is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. In this episode, Brian covers: - A review of last time
- Where did the AMZN skip strike butterfly end up?
- Where is TSLA?
- What is the outlook?
- What is the expected move?
- Setting up the trade: selecting strikes
- What's the maximum risk? Reward?
- What do you want to happen?
Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected].  Option Block 640: Leprechauns v. Trolls v. Apple Posted August 1st, 2017 Trading Block: AAPL earnings after the bell on Tuesday. ATM straddle $6, or approximately 4%. Options Earnings Poll: $AAPL earnings on Tuesday. The market is pricing a 4% move, which is approximately $6. Do you think $AAPL can do it? - $6 is Cheap- Buy Straddle
- $6 is Rich- Sell Straddle
- $6 Seems Fair
- Can't Stand $AAPL
Odd Block: Puts trade in Altria Group Inc (MO), puts trade in Pantheon NV (PTHN) Mail Block: Listener Questions and Comments - Comment from Shawn St.Peter - I think someone would buy those puts like a life insurance policy if for any reason something happened to Elon Musk, Tesla could drop like a stone. Elon is the reason they are successful and without him I'm not sure they could make it!
- Comment from Brian Collamer - I see 950 of the JAN19 50 puts go up @ $1.10 marked "spread". Market was 1.03x1.25. OI 28783 - FROM JULY 26
- Question from Matthew Therrien: I would be interested to see the guys discuss this strategy.
- Question from Richard D: Mark and the Option Crusaders (last time I called you Option Luminaries so I'm going to keep inventing new titles until one sticks!), I'm on a roll and got my questioned answered Tuesday, and I figured I'd try my luck with two more. I also included a 3rd less serious question!
Often on segments like the odd block or similar segments on your other shows you talk about someone going bullish or bearish on certain contracts. For example let's take the Tesla way OTM puts you have mentioned. You talk about someone wanting to be long those catastrophic Tesla puts, but for each trade there is some party taking the other side. Since there is always another party in these trades why isn't it the inverse analysis - in this case for example that someone really wants to sell way OTM TSLA puts? Thanks! Around the Block: Earning this week: - Tuesday - Apple, Lumber Liquidators, Herbalife
- Wednesday - Tesla, Groupon, Fitbit
- Thursday - Weight Watchers
- Friday - CBOE
This week in the market: - Aug 1: Personal Income, Construction Spending
- Aug 3: Jobless Claims, Factory Orders
- Aug 4: Unemployment, International Trade
Volatility Views 265: What an Historic Week for Volatility Posted July 31st, 2017 Volatility Review: A look back at the week from a volatility perspective The Numbers: Earnings Volatility: - Monday: Alphabet opened down nearly 2%, Low of 963.
- Tuesday: Chipotle opened up approx. $6.50, then plummeted $15
- Wednesday: Facebook opened up $8.87, traded up as high as $9.88.
- Thursday: Amazon ATM straddle approx. $49
Crystal Ball: What does the future hold for the VIX? Last week - Mark L. - 10.25
- Russell - 9.76
- Mark S. - 10.04
This week - Mark L. - 9.75
- Andrew - 10.25
 This Week in Futures Options 62: Rise of the Russell 2000 Posted July 31st, 2017 This week the CME hot seat guest is Ron Bundy, CEO Benchmarks North America, FTSE Russell. Topics this week include: - Russell 2000
- Crude Oil
- Interest Rates
Futures Options Feedback: Listeners weigh in. Options Question of the Week: With $VIX circling the drain, where are you looking for your next #Volatility fix? - Nasdaq 100 - $QQQ
- Russell 2000
- Commodities-Oil, Gold,etc.
- Single Names (AMZN, etc.)
Listener Questions and Comments: - Question from J Randall - S&P skew is pretty standard at this point. How do the other major indexes like NASDAQ and Russell compare? Steeper? Are the puts as rich?
- Question from NN02 - Crude still lining up for bullish risk reversals here or has that ship sailed?
- Comment from Tim D. - My crazy product vote is crude because it is crazy!
- Question from Andrew - How long are the reports live during the show?
Options Insider Radio Interviews: Talking Aggressive Options Acquisitions With Vela Posted July 31st, 2017 In this episode, Mark is joined by Jen Nayar, CEO of Vela Trading Technologies. They discuss: - Major acquisitions: OptionsCity and Object Trading
- The whys and hows of the acquisitions
- How will the brands merge together going forward?
- Is the smaller, fragmented community cause for concern?
- Was there much of an overlap between Vela and Object Trading?
- When will the whole platform come together?
- Is there more to come? InformationÂ
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Where to Find Options Insider Radio? Do you know all the ways you can access Options Insider Radio                
Options Insider Radio Network Live Recordings
Do you want to be a part of the fun? This is when you can access the LIVE shows this week:
Monday:
Option Block LIVE at 3pm Central
Thursday:
Option Block LIVE at 3pm Central
Friday:
Volatility Views LIVE at 12pm Central
This Week in Futures Options LIVE at 1:30 Central Â
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