Volatility Views 694: Surprising Vol Action! Shocking Bullseyes!
Summary
Host Mark Longo and guest Russell Rhodes review a volatile week where VIX spiked to 18 on CPI data before retreating to 15.75. They analyze unusual options activity, including a massive short put position and a speculative March 100 call trade, while discussing the impact of geopolitical tensions and Fed rate hike expectations. The episode also covers the performance of volatility ETPs like SVIX and VXX, noting increased option interest as VXX hovers near the 18 level.
Topics discussed
Introduction and network promotions
Welcome back and guest introduction
Russell Rhodes' Las Vegas trip and gambling
Market review: Geopolitical woes and VIX drop
CPI data, oil prices, and market reaction
VIX and VOV futures journey and levels
VIX futures term structure and contango
Consumer sentiment and Vegas weather
VIX futures term structure analysis
VIX spike behavior and futures reaction
VIX options activity and ADV increase
Top VIX options open interest breakdown
Russell's weekly run and classroom jokes
Notable weekly VIX option trades
Triple-digit VIX strikes and margin arbitrage
Risk management and behavioral finance
Daily VIX options volume and top movers
March 100 calls and bearish market views
VIX spreads and delta considerations
Vol ETPs: SVIX performance and holdings
SVIX liquidity and reverse split issues
UVXY and VXX volume and price levels
VXX options interest and sweet spot levels
9/11 anniversary and market shutdowns
Personal 9/11 experiences and anecdotes
Crystal Ball predictions and prizes
Fantasy football and AI management
Closing remarks and upcoming shows
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