| This week's Options Insider Trader Newsletter Is Sponsored By
Remy Martin Club Centaur
Join Club Centaur Today Upcoming Economic Reports A preview of what may move the market this weekÂ
| TIME (ET) | REPORT | PERIOD | FORECAST | PREVIOUS | | MONDAY, MAY 22 | | 8:30 AM | Chicago national activity index | April | -- | 0.08 | | TUESDAY, MAY 23 | | 10:00 AM | New home sales | April | 615,000 | 621,000 | | WEDNESDAY, MAY 24 | | 9:45 AM | Markit manufacturing PMI (flash) | May | -- | 52.8 | | 9:45 AM | Markit services PMI (flash) | May | -- | 53.1 | | 10:00 AM | Existing home sales | April | 5.63mln | 5.71 mln | | 2:00 PM | FOMC minutes | 3-May |  |  | | THURSDAY, MAY 25 | | 8:30 AM | Weekly jobless claims | 20-May | -- | 232,000 | | 8:30 AM | Advance trade in goods | April | -$64.3bln | -$64.8bln | | FRIDAY, MAY 26 | | 8:30 AM | Gross domestic product revision | Q1 | 0.90% | 0.70% | | 8:30 AM | Durable goods orders | April | -1.40% | 0.90% | | 8:30 AM | Core capital equipment orders | April | -- | 0.50% | | 10:00 AM | Consumer sentiment (final) | May | 97.7 | 97.7 (May) |
  Options Insider Radio Network Episodes you may have missed from Options Insider Radio last week
Options Insider Radio Interviews: Talking Mobile Access, M&A, and More with optionsXpress Posted May 19th, 2017 In this episode, Mark is live (to tape) at the 2017 Options Industry Conference. He is joined by Jack Boyle, Vice President of Broker-Dealer Services at optionsXpress. They discuss: What does the vice president of broker-dealer services do? Updates on merging the trading platforms Reviewing commission structures What is behind the changes in the retail space The impact of low volatility The need for options education Expanding outreach Upgrades to the trading platform Mobile access Is there more broker M&A to be had?
Live from OIC 2017: Presentation of the Sullivan Award to Gina McFadden
Posted May 19th, 2017 Gina McFadden was President of The Options Industry Council (OIC) from 2006 to 2013. She was OIC's Executive Director from 1995 to 2006. Concurrent with her OIC position, she was also a member of The Options Clearing Corporation's (OCC) senior management team, serving as Executive Vice President of Industry Services. Prior to that, she was Executive Vice President of OCC's Business Operations Group and Business/Product Development. Active on various industry committees and organizations including OIC's Roundtable, OCC's Operations Roundtable, SIFMA's Equity Options Roundtable, the STA Options Committee and the Futures Industry Association, she was also an inaugural board member of Women in Listed Derivatives (WILD), a professional development group for women. Gina completed the Kellogg Management Institute Graduate Program at Northwestern University and SIA's Securities Institute Program at the Wharton School. She has a B.A. from Barat College. After almost forty years in the options industry, Gina retired in 2013. She lives with her husband Marty in Chicago and Boca Grande, Florida, where she is on the board of the Boca Grande Art Center and active in other community and educational organizations. The Sullivan Awards named for Joseph W. Sullivan to recognize outstanding contributions in the options industry. Mr. Sullivan provided the vision and leadership to make listed options a reality and played a key role in the development of the Chicago Board Options Exchange, serving as its first president from 1972 until 1979. The Sullivan Award was established in 2002 by the Options Industry Council and has become a regular feature of the Options Industry Conference program. The award acknowledges an individual's achievement as measured by contributions to education, innovation and product development, and in helping to grow the industry. Gina McFadden, a long-time leader in the U.S. listed equity options industry, will be the first woman to receive the award. The past Sullivan Award recipients have been Joseph Sullivan himself, Wayne P. Luthringshausen, Paul G. Stevens, Jr., Ivers W. Riley, Thomas Peterffy, Jeffery S. Yass, David Krell, William J. Brodsky, William A. Porter, Lawrence G. McMillan, Edward J. Joyce, Meyer Sandy Frucher, Blair Hull and Robert E. Whaley. Â Option Block 621: Stumping the Rock Lobster with Vertical Spreads Posted May 19th, 2017 Trading Block: Still in earnings season. Yesterday: Target, Cisco. Today: Alibaba, Walmart, Gap. GAP (GPS) - $23.13, ATM Straddle: $1.85, approx. 8% BABA - $120.72, ATM Straddle $6, approx. 5% Dow moves higher amid Trump fears following worst drop of year The Volatility Buyer Known as '50 Cent' Just Had a Huge Payday Odd Block: Calls trade in Pandora Media Inc. (P), calls trade in SBA Communications Corp (SBA) and calls trade in Kimberly Clark Corp (KMB) Strategy Block: Mike discusses his adjustment in his silver collar. Mail Block/Options question of the week: There are still a lot of big names reporting in earnings season. Which ones are on your options watchlist this week? Walmart, $WMT Alibaba, $BABA Home Depot, $HD Cisco, $CSCO Listener questions: Question from Andrew McNichol: Big fan of your Options Bootcamp podcast. I appreciate how you start at square one and then walk listeners through every element of options and options trading. Is there another podcast you recommend that does the same but for stocks? Most of the ones I have found are all about what is hot now, or stock picking tips. Essentially, I am looking for a stock trading 101 podcast. If you do not know of any such podcast, what is the best stock 101 book? Thanks! Question from Ejh4isu: If I buy/sell a vertical on SPX (or any equity stock for that matter) and hold until expiration, and SPX settles between the strikes, what happens? Example: sell 2395/2400 and SPX settles at 2397. Around the Block/This Week in the Market: May 18: Jobless Claims
Live from OIC 2017: Europe: Like Us but Different
Posted May 19th, 2017 A panel of experts addressed the European hot topics that could impact U.S. options markets. What are the pain points for those seeking to participate in our markets? What are the opportunities? What's going on with the mega exchange mergers? Regulation. Brexit. The structure of the European market. All this and more. Moderator: Gary Delany, OIC Frank Magnani, Interactive Brokers Georgio Stoev, Saxo Bank  Options Insider Radio Interviews: Talking Options for RIAs and Millennials with Aash Vyas Posted May 18th, 2017 When Mark was at the 2017 Options Industry Conference, he was able to interview several industry leaders. In this episode, he is joined by Aash Vyas, Director of Portfolio Strategy and Overlays, Swan Global Investments. They discuss: Big picture takeaways from the conference Integrating the needs of financial advisors into the program What are the objections to using options for RIAs? The impact of millennials on the options space The two sides of the political spectrum The concentration of volume in a few names  Live from OIC 2017: Options and the Financial Advisor Posted May 18th, 2017 Experienced Financial Advisors shared how they have integrated options into their practice to differentiate themselves from their competition and grow their client base. Moderator: Gary Franklin, Raymond James Paul Feinstein, First Republic Investment Management Edward Gesten, Morgan Stanley Wealth Management Jack Gunter, Merrill Lynch  Live from OIC 2017: Taking Stock Posted May 18th, 2017 Steve Sears, Senior Editor and columnist with Barron's, conducted a fireside chat with Craig Donohue, Executive Chairman and CEO of OCC, on the evolution of the options industry and OCC?s role as an important market utility and industry advocate.  Live from OIC 2017: Exchange Leaders Panel Posted May 18th, 2017 Moderator: Andy Nybo Ed Boyle, BOX Options Exchange Andy Lowenthal, CBOE Shelly Brown, MIAX Kevin Kennedy, Nasdaq Ivan Brown, NYSE  Options Playbook Radio 158: Listener Question Palooza, Part Two Posted May 18th, 2017 It's all listener questions in this special edition of Options Playbook Radio. Question from JDog - I just got an options pitch that says that options buyer lose money on seven out of every 10 trades. Is that true? Question from Alan Shepard - Why would I ever buy an option when 90% of them expire worthless? Question from Lesnod - How do you get out of the straddles? One side of a straddle is always a loss, correct? Question from Bob - Concerning options: I have been told to take an ATM call and put, add them together and that is the expected move. Is that correct? If you have questions for Brian, send them to [email protected].  Live from OIC 2017: How Financial Advisors Use and Think About Exchange-listed Options Posted May 18th, 2017 For the first time, the Options Industry Council and Cerulli Associates team up to provide the investing community with a new benchmark study on the current state of how and why financial advisors implement exchange-listed options in client investment portfolios. Cerulli Senior Analyst Emily Sweet presented key findings of the just-released study that examines how top advisors are using options, why others are not, and opportunities for the industry to broaden adoption of their use.  Options Insider Radio Interviews: Talking Options Taxation, Regulation and Education with Craig Donohue Posted May 17th, 2017 Mark recently attended the 2017 Options Industry Conference, where he was joined by Craig Donohue, Executive Chairman and CEO of the Options Clearing Corporation. They discuss: What brought Craig back to derivatives and The OCC? The evolution of OCC into regulatory and oversight roles Craig's history with leading large transformations within existing companies The possibility of rolling back regulations Migrating other products to central counterparty clearing The difference between regulated and unregulated derivatives The fight to allow listed options in IRAs and other regulatory struggles What are the origin for leaving options off the list? What is on his radar for the future? Potential taxation implications with transaction taxes and more How many exchanges are too many exchanges? The concentration of liquidity in a few names The need for investor education
Live from OIC 2017: State of the Options Industry
Posted May 17th, 2017 Henry Schwartz, President, Trade Alert, LLC, provides a detailed look at recent trends and current hot issues in today's options markets. The discussion focused on how automation, fragmentation, and competition are impacting the diverse mix of participants in today's option market landscape.
Live from OIC 2017: Fireside Chat
Posted May 17th, 2017 Frank Tirado, OIC Amy Lawson, OCC Jim Toes, Security Traders Association Paul Jiganti, SIFMA Options Committee
Live from OIC 2017: Exchange Updates
Posted May 17th, 2017 Patty Schuler, BOX Options Exchange William Looney, CBOE Joe Bracco, MIAX Options Tanya Patwa, Nasdaq Mark Krommenhoek, NYSE
Live from OIC 2017: Impact of Millennials on the Options Industry
Posted May 17th, 2017 A recent survey revealed that 62% of Millennials said they have investment accounts but just 9% of Millennials said they consider themselves investors. Industry experts will share their experiences in reaching, educating and working with this critically important demographic. Moderator: Ian Rosen, StockTwits Tony Zhang, OptionsPlay Kristi Ross, tastytrade Mary Ryan, TD Ameritrade
Live from OIC 2017: Options on ETFs Panel
Posted May 16th, 2017 ETFs represent over $2.65 trillion in AUM. Options on ETFs comprise ~42% of the exchange listed options volume. Seven of the Top 10 listed options symbols are on ETFs. Options experts from three ETF issuers shared their insights on further improving the ETF option industry ecosystem, how they drive investor demand for options on ETFs, and how option market makers have improved their ability to quote options on ETFs by pricing the ETF basket in real time. Moderator: Douglas Yones, NYSE Parag Shah, BlackRock Dave LaValle, State Street Global Advisors Steven Oh, Van Eck
Live from OIC 2017: Washington Outlook Panel
Posted May 16th, 2017 Exchange and clearinghouse Washington representatives discussed current legislative and regulatory dynamics and proposals impacting the listed options industry. Moderator: Julie Bauer, OCC Lita Frazier-Brannan, CBOE Hope Jarkowski, ICE Jeff Strunk, Forbes Tate
Live from OIC 2017: Perspectives from Capitol Hill
Posted May 16th, 2017 OCC Executive Chairman and CEO Craig Donohue spoke with Congressman Tom Reed (R-NY 23rd District) about the outlook for Congressional action in 2017 and the most significant items on the Hill's agenda.
Option Block 620: Earnings, Questions, OIC Breakdown and More
Posted May 16th, 2017 Trading Block: A bull rally in the market. A short breakdown of the OIC 2017 Conference in Scottsdale, AZ. Earnings Highlights: Tuesday - Home Depot Wednesday - Target Thursday - Alibaba, Walmart, Gap Odd Block: Calls trade in Fairmount Santrol Holdings (FMSA), calls trade in Ocwen Financial Corp (OCN) and calls trade in Home Depot Inc. (HD). Mail Block: Questions, comments, polls and more. Options Question of the Week: Still a lot of big names reporting in earnings season. Which ones are on your options watchlist this week? Walmart, $WMT Alibaba, $BABA Home Depot, $HD Cisco, $CSCO Listener question: Question from Abdallah Badwan - Hey I am new to options but I have been studying them for a while and the only thing I don't understand is how do I know what stocks to choose if I want short term gains. In other words, I want to be a short-term investor and I want to know how to narrow down the stocks I want to invest in on a daily basis. How do I make a watchlist of stocks that I can invest in on a daily basis for short-term gains? Around the Block/ This Week in the Market: May 15: Treasury International, Housing Market Index May 16: Housing Starts, Industrial Production May 18: Jobless Claims
Volatility Views 254: Live from OIC 2017
Posted May 15th, 2017 Mark, Russell and Henry are live (to tape) at the annual Options Industry Conference. They took some time away from the pool to give our listeners the scoop on volatility. Volatility Review: Henry delivered some of the highlights of the conference. The concentration of volume in a few names, aka the 80-20 rule. The impact of fragmentation on volume. The heavy percentage of complex orders of overall volume. The buzz about a WSJ article on the decline of options volume and the stats that dispel that idea. The opportunities being generated by complex order books. Are we looking at coopertition? VIX below 10: what does it mean? Is there really a new supply of premium sellers? How much pain can they stand, and how will that impact the market? Russell's Weekly Rundown: What did Russell notice this week? It's the week before standard VIX expiration Crazy spreads Top ten strikes of the week
Best of This Week in Futures Options: How to Trade Commodity Volatility
Posted May 15th, 2017 We're going back into the TWIFO archives to bring you a best of episode. This one was a fan favorite: How to Trade Commodity Volatility  Where to Find Options Insider Radio? Do you know all the ways you can access Options Insider Radio          Â
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 As always, you can join in the fun at http://mixlr.com/options-insider/  | 