Podcasts about livevol

Do you know your “why”? Have you wondered how to look at career transitions through the lens of your motivations?  In this episode, we're talking with Cathy Clay about how knowing your “why” provides the motivation and confidence to navigate career transitions and learn more about yourself and others.  Catherine Clay is Executive Vice President, Head of Global Derivatives at Cboe Global Markets. Cathy oversees the global Derivatives business, encompassing both the U.S. and European markets. Previously, she served as Executive Vice President of Global Digital and Data Solutions. Cathy joined Cboe as part of the company's 2015 acquisition of LiveVol, where she was Chief Executive Officer. She holds a Bachelor of Science from the University of Colorado, where she learned the art of Zamboni driving. Cathy also serves on the Greenwood Project board of directors.  Kristine Delano guides the conversation on how exploring your passions and asking critical questions about motivations and personal drivers can play a key role in navigating transitions. Her debut suspense novel will be published in January 2026 by Tyndale House Publishers.  Follow on Instagram kristine.delano.writer  Visit www.womeninetfs.com to find additional support in the ETF industry.  Go to www.kristinedelano.com for your Thrive Guide: a compilation of the most requested and insightful advice from our guests on Leadership and Advancement.

Trading exchanges are highly regulated. This makes the implementation of technological changes a tricky proposition. Catherine Clay, Executive Vice President of Cboe Global Markets, has had to pivot and adapt her thinking when it comes to affecting change in a large, regulated corporation. Catherine joined Patrick and Shelli for this week’s episode of Innovation and the Digital Enterprise. She stressed the importance of keeping a company’s end goals in mind instead of getting caught up in the immediacy of sprints. Catherine also shared how to keep up the stamina and perseverance when you are met with obstacles. Listen for an industry veteran’s tips on affecting change in your organization. (01:38) - Accelerating prosperity (02:53) - Catherine's path to Cboe (17:11) - Leadership retention (22:28) - Marathon vision (26:04) - Batteries included (32:28) - The secret sauce (35:19) - Mentorship (36:28) - Trading floor inclusivity https://www.linkedin.com/in/catherineclaycboe (Catherine Clay) is the Executive Vice President and Global Head of Data & Access Solutions. Cathy leads Cboe Global Markets’ strategic initiatives for its analytics, index, data, access and execution services businesses.  As the CEO of LiveVol and co-founder and CEO of Thales, Cathy pioneered software solutions for quoting, trade execution and risk management. Coupled with her previous experience trading equity and index options, Cathy continues to create high-value offerings for market participants while integrating Cboe’s client-facing solutions. If you'd like to receive new episodes as they're published, please subscribe to Innovation and the Digital Enterprise in https://podcasts.apple.com/us/podcast/innovation-and-the-digital-enterprise/id1451753709?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2lubm92YXRpb24tYW5kLXRoZS1kaWdpdGFsLWVudGVycHJpc2U%3D (Google Podcasts), https://open.spotify.com/show/3fOSh73F3sjyK7TIMFSOc1?si=uRAeLNvjQjmbnFjzWIvMlg (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://podcasts.apple.com/us/podcast/innovation-and-the-digital-enterprise/id1451753709?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)

Trading Block: Today we feature special guest host Lex Luthringshausen founder and CEO of Tradehawk, powered by Option Eyes. Headlines of the day: What trade war? SPX up over 1% intraday. VIX is back into the teens. Earnings Highlights: Tuesday - Target Wednesday - Dollar Tree, Costco Thursday - Kroger Friday - Revlon, Big Lots Odd Block: More JAN 2019 50 "Catastrophe" puts in Tesla Motors Inc (TSLA). Trade war sparks put roll in Materials Select Sector SPDR (XLB). Long-term call action in Ultra Petroleum Corp (UPL). Mail Block: Listeners have their say It's almost time for our annual Options BrokerMadness Tournament! Reply/DM to nominate your broker to compete in this year's BrokerBattle. 16 firms can enter....but in the end there can be only one. Get your nominations in now & prepare to battle. BrokerMadness starts 3/12. Comment from AlphamakerChris - A lot of people were robbed in their sleep, it's absolutely disgraceful. They should've given several weeks notice, not 1 day. People lost fortunes overnight for reasons not of their own doing. Comment from Scott Somer - NO fun if you were long anything accept deep ITM Options on SVXY or UVXY. Highlights unexpected danger of trading options on leveraged products.  TVIX TVIZ...Would have caused disorderly option markets if they did during the trading day. SVXY UVXY Shot across the bow if you are trading options on VolocityShare products as well....Wonder how many of them took people to "The Horse"? Question from Stifl - Great show. Agree with Mark about the OI change graph in LiveVol it's very useful. Only problem is that it only goes back a few months. Any tools out there that go back farther? Comment from DannyBzak - These funds are tracking an index. The index itself was down 96% on 2/5. This is a flaw in index design, not a fund problem. ETP's just can't decide to suddenly not track the index they are mandated to track. Someone needs a better mousetrap to track short vol in index form….Or a more realistic conclusion is that short vol is not a realistically scalable concept in index/ETP form. IMO short vol is something that is better served by active management, not a passive index...Which is the design flaw of thinking one should make an index designed to replicate a short position on anything. In reality someone who is smart enough to be short is smart enough to manage the risks of being short. These indexes have zero risk management built in. Around the Block/Economic Reports This Week Mar 6: Factory Orders Mar 7: International Trade, Productivity and Costs, Beige Book Mar 8: Jobless Claims Mar 9: Unemployment

Trading Block: Today we feature special guest host Lex Luthringshausen founder and CEO of Tradehawk, powered by Option Eyes. Headlines of the day: What trade war? SPX up over 1% intraday. VIX is back into the teens. Earnings Highlights: Tuesday - Target Wednesday - Dollar Tree, Costco Thursday - Kroger Friday - Revlon, Big Lots Odd Block: More JAN 2019 50 "Catastrophe" puts in Tesla Motors Inc (TSLA). Trade war sparks put roll in Materials Select Sector SPDR (XLB). Long-term call action in Ultra Petroleum Corp (UPL). Mail Block: Listeners have their say It's almost time for our annual Options BrokerMadness Tournament! Reply/DM to nominate your broker to compete in this year's BrokerBattle. 16 firms can enter....but in the end there can be only one. Get your nominations in now & prepare to battle. BrokerMadness starts 3/12. Comment from AlphamakerChris - A lot of people were robbed in their sleep, it's absolutely disgraceful. They should've given several weeks notice, not 1 day. People lost fortunes overnight for reasons not of their own doing. Comment from Scott Somer - NO fun if you were long anything accept deep ITM Options on SVXY or UVXY. Highlights unexpected danger of trading options on leveraged products.  TVIX TVIZ...Would have caused disorderly option markets if they did during the trading day. SVXY UVXY Shot across the bow if you are trading options on VolocityShare products as well....Wonder how many of them took people to "The Horse"? Question from Stifl - Great show. Agree with Mark about the OI change graph in LiveVol it's very useful. Only problem is that it only goes back a few months. Any tools out there that go back farther? Comment from DannyBzak - These funds are tracking an index. The index itself was down 96% on 2/5. This is a flaw in index design, not a fund problem. ETP's just can't decide to suddenly not track the index they are mandated to track. Someone needs a better mousetrap to track short vol in index form….Or a more realistic conclusion is that short vol is not a realistically scalable concept in index/ETP form. IMO short vol is something that is better served by active management, not a passive index...Which is the design flaw of thinking one should make an index designed to replicate a short position on anything. In reality someone who is smart enough to be short is smart enough to manage the risks of being short. These indexes have zero risk management built in. Around the Block/Economic Reports This Week Mar 6: Factory Orders Mar 7: International Trade, Productivity and Costs, Beige Book Mar 8: Jobless Claims Mar 9: Unemployment

Volatility Review: A look back at the week from a volatility perspective. VIX Cash - Just under 11.76 VVIX - 80 CBOE Skew Index - 141, approaching 6-month high of 146 set on Jan 20. VIX Futures: Front month premium to cash - 1.25; Two month premium to cash - 2.50. Russell's Weekly Rundown: VIX and Three Day Weekends, by Russell Rhoads, CFA Block Trade Analysis - Large Bullish 1 x 4 VIX Option Trade, by Russell Rhoads, CFA VIX Options: A high volume week, ADV - 559k; Mon - 816k, Tues - 1.3M, Wed - 1.14M, Thurs - 822k; VIX Call/Put: 2.8/1; Total 7.21m (5.18m Calls, 2.03m Puts) Volatility Voicemail: Quizzes, questions, comments Options #QuestionOfTheWeek: Trading single #Calls and #Puts is fine, but smart #Options traders use spreads. What is your go-to spread? Vertical/Ratio Vertical Calendar/Diagonal Butterfly/ Iron Butterfly Iron Condor Listener questions: Question from Nordictan - Is it possible to change the default LiveVol font settings and make it larger? The current setting is simply too small for my multi-monitor setup. My screen devoted to LiveVol is a bit removed from my seating position so I always struggle to read it. A nice pop in the font size would be very useful. Question from Vincent Chase - Why do you say that this earnings cycle is disappointing from a volatility perspective? Crystal Ball: Your headquarters for wild and reckless prognostication. Last week: Mark L - 10.45 Mark S. - 10.85 Russell - 11.75 This week: Mark L. - 11.25 Mark S. - 10.75 Russell - 12.01

Volatility Review: A look back at the week from a volatility perspective. VIX Cash - Just under 11.76 VVIX - 80 CBOE Skew Index - 141, approaching 6-month high of 146 set on Jan 20. VIX Futures: Front month premium to cash - 1.25; Two month premium to cash - 2.50. Russell's Weekly Rundown: VIX and Three Day Weekends, by Russell Rhoads, CFA Block Trade Analysis - Large Bullish 1 x 4 VIX Option Trade, by Russell Rhoads, CFA VIX Options: A high volume week, ADV - 559k; Mon - 816k, Tues - 1.3M, Wed - 1.14M, Thurs - 822k; VIX Call/Put: 2.8/1; Total 7.21m (5.18m Calls, 2.03m Puts) Volatility Voicemail: Quizzes, questions, comments Options #QuestionOfTheWeek: Trading single #Calls and #Puts is fine, but smart #Options traders use spreads. What is your go-to spread? Vertical/Ratio Vertical Calendar/Diagonal Butterfly/ Iron Butterfly Iron Condor Listener questions: Question from Nordictan - Is it possible to change the default LiveVol font settings and make it larger? The current setting is simply too small for my multi-monitor setup. My screen devoted to LiveVol is a bit removed from my seating position so I always struggle to read it. A nice pop in the font size would be very useful. Question from Vincent Chase - Why do you say that this earnings cycle is disappointing from a volatility perspective? Crystal Ball: Your headquarters for wild and reckless prognostication. Last week: Mark L - 10.45 Mark S. - 10.85 Russell - 11.75 This week: Mark L. - 11.25 Mark S. - 10.75 Russell - 12.01

Coming to you live from the 2016 OIC Conference, Mark is joined by Catherine Clay, Vice President of Business Development for CBOE LiveVol. They discuss: Becoming part of the CBOE family What is LiveVol? What is the Data Shop? What was the driver to create the Data Shop? Where is the demand for data going forward? What does LiveVol have to offer for surveillance?

Coming to you live from the 2016 OIC Conference, Mark is joined by Catherine Clay, Vice President of Business Development for CBOE LiveVol. They discuss: Becoming part of the CBOE family What is LiveVol? What is the Data Shop? What was the driver to create the Data Shop? Where is the demand for data going forward? What does LiveVol have to offer for surveillance?

Steve Lentz, from OptionVue ( http://optionvue.com/ ), discussed "Volatility Edge Analysis of the Russell 2000." Steve showed how often the RVX implied move of RUT is under estimated and how he's trying to use technical analysis to improve the trading edge. Download the video at http://capitaldiscussions.com/website-walkthrough

Tony Sizemore, from Option Elements ( http://optionelements.com ), discussed "How I Traded to Lead the Options Tribe Trading Contest." Tony talked about his JAN 2015 trade where he made a profit of more than $80,000 in his personal trading account. Tony discussed his trading philosophy. Download the video at http://capitaldiscussions.com/website-walkthrough

Option Block 411: Futures Traders vs. Stock Traders   Trading Block: Earnings today include: (Before the Bell) Kohl's, 3d Systems Corp, SeaWorld Entertainment, LifeTime Fitness, Marriott Vacations Worldwide, Magellan Health, Anheuser-Busch InBev, Sears, Avago Technologies. After the bell:  Gap, JC Penney, Weight Watchers, Crocs, Herbalife. Oil edges higher towards $62, ample supplies still weigh. Apple rains on stock market parade.   Odd Block: Puts trade in Exelixis, Inc (EXEL), puts trade in SPDR S&P Metals and Mining ETF (XME), and all sellers in iShares MSCI Japan ETF (EWJ)   Xpress Block: The Schwab mobile app hits 1 million downloads. Also, its tax season!   Mail Block: Listener questions and comments Question from Brian Collamer - Hi Mark, back in October I sent this question and I see you ran with it in a couple of other shows: You mentioned that when selling options the fastest theta decay occurs in the 45-30 day range.  I thought that was only true for ATM options? Do OTM options decay the fastest at 60-70 days and then kind of flatten out? In each show you had asked where I had seen/heard this. LiveVol blog and forum. What do you think? Thanks for the great content! PS: Futures Roundtable needs to be twice a month IMHO. Question from Thomas: Is there an active spread market for options on crude futures? Also do you feel that futures traders make better options traders than stock traders?   Around the Block: More earnings: Friday, February 27:  Goodrich Petroleum, Isis Pharmaceuticals

Option Block 411: Futures Traders vs. Stock Traders Trading Block: Earnings today include: (Before the Bell) Kohl's, 3d Systems Corp, SeaWorld Entertainment, LifeTime Fitness, Marriott Vacations Worldwide, Magellan Health, Anheuser-Busch InBev, Sears, Avago Technologies. After the bell:  Gap, JC Penney, Weight Watchers, Crocs, Herbalife. Oil edges higher towards $62, ample supplies still weigh. Apple rains on stock market parade.     Odd Block: Puts trade in Exelixis, Inc (EXEL), puts trade in SPDR S&P Metals and Mining ETF (XME), and all sellers in iShares MSCI Japan ETF (EWJ)   Xpress Block: The Schwab mobile app hits 1 million downloads. Also, its tax season!   Mail Block: Listener questions and comments Question from Brian Collamer - Hi Mark, back in October I sent this question and I see you ran with it in a couple of other shows: You mentioned that when selling options the fastest theta decay occurs in the 45-30 day range.  I thought that was only true for ATM options? Do OTM options decay the fastest at 60-70 days and then kind of flatten out? In each show you had asked where I had seen/heard this. LiveVol blog and forum. What do you think? Thanks for the great content! PS: Futures Roundtable needs to be twice a month IMHO. Question from Thomas: Is there an active spread market for options on crude futures? Also do you feel that futures traders make better options traders than stock traders?   Around the Block: More earnings: Friday, February 27:  Goodrich Petroleum, Isis Pharmaceuticals

Options Bootcamp 54: The Great Theta Debate and More Listener Questions   Mail Call: Listener questions and comments   Comment from Max_p24 - One of the best podcast for option trading. They have amazing Bootcamp for option beginners. Question from Brian Collamer - Back in October I sent this question and I see you ran with it in a couple of other shows: “You mentioned that when selling options the fastest theta decay occurs in the 45-30 day range. I thought that was only true for ATM options? Do OTM options decay the fastest at 60-70 days and then kind of flatten out?” In each show you had asked where I had seen/heard this. LiveVol blog and forum. Thanks for the great content! PS: Futures Roundtable needs to be twice a month IMHO. Question from Imbroglio - If I exercise a call option what happens - do I just hit a button and the stock hits my account? Or does it take some time? When do I actually get the stock? If I want to collect a dividend do I need to exercise a few days early in order to get the stock in time to collect the dividend? Question from Angry Bunny - What the hell is a front spread? How does it differ from a back spread? Who the hell comes up with these names? They seem to make no sense. Question from Neal Tompkins - How do I know when an option is going to be less liquid? What are some good suggestions for dealing with less liquid options? Question from Jason Dague - I am long AAPL from about $99, and have a protective put on right now at $105 for July. When do you know whether to roll your put up? I am obviously down on the put by ~%70% from where I bought it in November. Question from Jay - If the market is really falling out of bed what are some good strategies to take advantage of that movement while also minimizing option decay? Question from Matt Dilks - Hi, I have just listened to Mark on Topstep trader, and missed the questions. But could you recommend which company/broker to get a sim/demo account to get to grips with trading options? Any advice would be greatly appreciated. Question from John D. - Hi, Love your show. You guys do a great job. Keep up the good work. My question...If I am looking at a pair trade (e.g. long Facebook, short Twitter), obviously I can do it by buying/shorting the stocks. I was trying to figure out if there is any way to effective do the same thing with options what the advantages might be, if any. I thought of doing a synthetic long/short, but did not see any advantage since I will be naked short an option for both names... but maybe margin treatment is different? Long call on one and log put on the other does not seem to make sense since I am pretty much guaranteed to lose the premium on both those positions. Is there another or better way to structure this type of trade using options? Thanks.

Mail Call: Listener questions and comments Comment from Max_p24 - One of the best podcast for option trading. They have amazing Bootcamp for option beginners. Question from Brian Collamer - Back in October I sent this question and I see you ran with it in a couple of other shows: “You mentioned that when selling options the fastest theta decay occurs in the 45-30 day range. I thought that was only true for ATM options? Do OTM options decay the fastest at 60-70 days and then kind of flatten out?” In each show you had asked where I had seen/heard this. LiveVol blog and forum. Thanks for the great content! PS: Futures Roundtable needs to be twice a month IMHO. Question from Imbroglio - If I exercise a call option what happens - do I just hit a button and the stock hits my account? Or does it take some time? When do I actually get the stock? If I want to collect a dividend do I need to exercise a few days early in order to get the stock in time to collect the dividend? Question from Angry Bunny - What the hell is a front spread? How does it differ from a back spread? Who the hell comes up with these names? They seem to make no sense. Question from Neal Tompkins - How do I know when an option is going to be less liquid? What are some good suggestions for dealing with less liquid options? Question from Jason Dague - I am long AAPL from about $99, and have a protective put on right now at $105 for July. When do you know whether to roll your put up? I am obviously down on the put by ~%70% from where I bought it in November. Question from Jay - If the market is really falling out of bed what are some good strategies to take advantage of that movement while also minimizing option decay? Question from Matt Dilks - Hi, I have just listened to Mark on Topstep trader, and missed the questions. But could you recommend which company/broker to get a sim/demo account to get to grips with trading options? Any advice would be greatly appreciated. Question from John D. - Hi, Love your show. You guys do a great job. Keep up the good work. My question...If I am looking at a pair trade (e.g. long Facebook, short Twitter), obviously I can do it by buying/shorting the stocks. I was trying to figure out if there is any way to effective do the same thing with options what the advantages might be, if any. I thought of doing a synthetic long/short, but did not see any advantage since I will be naked short an option for both names... but maybe margin treatment is different? Long call on one and log put on the other does not seem to make sense since I am pretty much guaranteed to lose the premium on both those positions. Is there another or better way to structure this type of trade using options? Thanks.

Volatility Views 128: Gold Skew Palooza Vol Review:  An update on the Alibaba IPO fury. VIX cash: High: 14.53. Low: 11.73. VIX futures: September settlement at 13.03 - right in the middle of the range. VIX options- hot strikes: 281480 VIX Oct-14 16.0 Calls 253852 VIX Oct-14 17.0 Calls 248014 VIX Oct-14 20.0 Calls Top trades: 4.4/1 Calls over puts. Paper sells OCT 18/21 call spread 16, 020 times for $0.18. Paper buys 5k DEC 25 calls for $0.67. VXST Top OI Positions: 1000 VXST 10/1 12.0 Puts 800 VXST 10/1 25.0 Calls 500 VXST 9/24 14.0 Calls Gold/metals vol: Gold skew looking somewhat steep to the downside. Volatility Voicemail: Listener questions and comments   Question from John King ‏@jking321 - Could you do a show with an in-depth discussion on LiveVol vs IVolatility vs? Costs/benefits over std broker data etc. Thanks! Question from Indy04 - This might be a strange question but does implied volatility always exist? Are there options out there that essentially trade at their realized volatility level or some other type of riskless rate? Keep on rolling with the show. I love it. Big fan of the network. 

Volatility Views 128: Gold Skew Palooza Vol Review:  An update on the Alibaba IPO fury. VIX cash: High: 14.53. Low: 11.73. VIX futures: September settlement at 13.03 - right in the middle of the range. VIX options- hot strikes: 281480 VIX Oct-14 16.0 Calls 253852 VIX Oct-14 17.0 Calls 248014 VIX Oct-14 20.0 Calls Top trades: 4.4/1 Calls over puts. Paper sells OCT 18/21 call spread 16, 020 times for $0.18. Paper buys 5k DEC 25 calls for $0.67. VXST Top OI Positions: 1000 VXST 10/1 12.0 Puts 800 VXST 10/1 25.0 Calls 500 VXST 9/24 14.0 Calls Gold/metals vol: Gold skew looking somewhat steep to the downside. Volatility Voicemail: Listener questions and comments   Question from John King ‏@jking321 - Could you do a show with an in-depth discussion on LiveVol vs IVolatility vs? Costs/benefits over std broker data etc. Thanks! Question from Indy04 - This might be a strange question but does implied volatility always exist? Are there options out there that essentially trade at their realized volatility level or some other type of riskless rate? Keep on rolling with the show. I love it. Big fan of the network. 

Volatility Views 123: VIX Roars but VXST Whimpers Volatility Review: The week in vol VIX: Russia sends tanks into Ukraine and volatility skyrockets Volatility plummeted after US involvement in the Middle East. CBOE stock as a hedge. VXST: Big moves in only 24 contracts. Why is this product not catching fire? VIX options: Settlements coming up soon. Metals: GVZ dropping earlier this week, but taking a spike recently.     Volatility Voicemail: Listener questions and comments Question from Lawrence - You were discussing if straddle prices exceeded earnings moves on your last show. I use software called "LiveVol” that has data for the trailing eight quarters, that shows this data for every company for the first and second expiration. It also shows implied vol crush for the first and second expiration. Their software is amazing. I like to sell iron condors before earnings to get short Vol. I usually use unbalanced condors with a short delta. I feel the underlying moves down for often and more violent. If the underlying moves up, the short Vega reduces loss a bit, in addition to the post earnings crush, as longs sell their protective puts. Love the show!     Crystal Ball: Where will VIX settle?

Volatility Views 123: VIX Roars but VXST Whimpers Volatility Review: The week in vol VIX: Russia sends tanks into Ukraine and volatility skyrockets Volatility plummeted after US involvement in the Middle East. CBOE stock as a hedge. VXST: Big moves in only 24 contracts. Why is this product not catching fire? VIX options: Settlements coming up soon. Metals: GVZ dropping earlier this week, but taking a spike recently.     Volatility Voicemail: Listener questions and comments Question from Lawrence - You were discussing if straddle prices exceeded earnings moves on your last show. I use software called "LiveVol” that has data for the trailing eight quarters, that shows this data for every company for the first and second expiration. It also shows implied vol crush for the first and second expiration. Their software is amazing. I like to sell iron condors before earnings to get short Vol. I usually use unbalanced condors with a short delta. I feel the underlying moves down for often and more violent. If the underlying moves up, the short Vega reduces loss a bit, in addition to the post earnings crush, as longs sell their protective puts. Love the show!     Crystal Ball: Where will VIX settle?

Trading Tech Talk 13: Algo Hardware and High Speed Networks   CTO Interview: Today's guest is James Spooner, VP of Trading Platforms at Maxeler Technologies. In this segment, he discusses: An overview of his background in the financial market, as well an overview of what he does at Maxeler Technologies. If he has seen an increased demand for your products in the wake of Dodd/Frank? How Maxeler Technologies will custom design hardware to meet the specifications of a customers' algorithm His take on the recent criticisms regarding potential abuses of those networks raised by Michael Lewis and other authors? What he thinks of the introduction of artificial delays in HFT networks in an attempt to stifle abuses? If he thinks we are seeing growing concerns over a lack of synchronization in the financial markets, is this a concern for Maxeler as well? What new products or developments can we expect from Maxeler in the coming months? Hot Topics in Tech: Clients are fleeing Barclays “dark pool” in the wake of a US lawsuit alleging the bank misled them about high frequency activity in its private trading venue. Is there too much noise in social media and financial analytics? T+2 may lead to more failed trades. The Inbox: Listener questions and comments Question from Athlas: Seems like the front of the focus on HFT gaming in on the equity markets. I know you have discussed the penetration, or lack thereof, of this type of gaming into derivatives on earlier podcasts. My question is, why do you think this sort of gaming has not penetrated significantly into options and futures? Does the complexity of these instruments vs single price instruments, like stocks, make them less susceptible to latency issues and flickering quotes? Or is there something else at work here? Question from Rance Barber: I am a long-time listener to all of the Options Insider Radio shows and often hear Mark quote trading volume statistics. Have you identified any aggregate, reliable source for stock market trading volume data? I am looking for the data by month (2003-present) and it needs to include both traditional public exchanges as well as dark pool trading volume information. Any advice you can provide as to where I could find this data would be much appreciated. Thanks, Rance. Question from Guled - Hi! Which options software has the capability to automate the unusual options volume? E.g. with filters such as, on bid/ask, above/below open interest. Have found two professional grade LiveVol and Trade Alert, but do not know if they automate the process? Would be grateful for any help, many thanks in advance Thanks, Guled.

Trading Tech Talk 13: Algo Hardware and High Speed Networks CTO Interview: Today's guest is James Spooner, VP of Trading Platforms at Maxeler Technologies. In this segment, he discusses: An overview of his background in the financial market, as well an overview of what he does at Maxeler Technologies. If he has seen an increased demand for your products in the wake of Dodd/Frank? How Maxeler Technologies will custom design hardware to meet the specifications of a customer's algorithm His take on the recent criticisms regarding potential abuses of those networks raised by Michael Lewis and other authors? What he thinks of the introduction of artificial delays in HFT networks in an attempt to stifle abuses? If he thinks we are seeing growing concerns over a lack of synchronization in the financial markets, is this a concern for Maxeler as well? What new products or developments can we expect from Maxeler in the coming months? Hot Topics in Tech: Clients are fleeing Barclays "dark pool" in the wake of a US lawsuit alleging the bank misled them about high frequency activity in its private trading venue. Is there too much noise in social media and financial analytics? T+2 may lead to more failed trades. The Inbox: Listener questions and comments Question from Athlas: Seems like the front of the focus on HFT gaming in on the equity markets. I know you have discussed the penetration, or lack thereof, of this type of gaming into derivatives on earlier podcasts. My question is, why do you think this sort of gaming has not penetrated significantly into options and futures? Does the complexity of these instruments vs single price instruments, like stocks, make them less susceptible to latency issues and flickering quotes? Or is there something else at work here? Question from Rance Barber: I am a long-time listener to all of the Options Insider Radio shows and often hear Mark quote trading volume statistics. Have you identified any aggregate, reliable source for stock market trading volume data? I am looking for the data by month (2003-present) and it needs to include both traditional public exchanges as well as dark pool trading volume information. Any advice you can provide as to where I could find this data would be much appreciated. Thanks, Rance. Question from Guled - Hi! Which options software has the capability to automate the unusual options volume? E.g. with filters such as, on bid/ask, above/below open interest. Have found two professional grade LiveVol and Trade Alert, but do not know if they automate the process? Would be grateful for any help, many thanks in advance Thanks, Guled.

Trading Tech Talk 11: The Stealth Options Exchange CTO Interview Segment: Today's guest is Joe Corona, Director of Strategic Planning and Product Strategy at LiquidPoint, LLC.   He discusses: An overview of his background in the derivatives markets An overview of LiquidPoint, which is part of ConvergEx Group Who is the typical end user? Is it true that LiquidPoint would be the equivalent of the #7 options exchange if you aggregated all of the flow? What are the main LiquidPoint algo types and what area of the derivatives market are they aimed at? How does LiquidPoint's algo address the many issues associated with executing multi-leg spreads across exchanges? Will their spread algo go the extra step and take delta risk on behalf of the client to execute an order? Does he feel that we have reached the point of diminishing returns and increasing risk whenever a new venue is added to the marketplace? His response to the post-Flashboys hysteria - particularly on the subject of dark pools? What was the impetus behind the recent software merger with Actant? What was the impetus behind your merger with LiveVol?   The Inbox: Listener questions and comments Question from Neal Finn - You discussed the tech problems with Mini options on a recent episode. NASDAQ released a notice two weeks ago saying they will no longer add new series to the existing Minis. Do you expect other exchanges to follow suit? Is this the end of Mini options? Question from StandingO - The options insider complies a significant amount of unusual activity on a daily basis. I find some of the more obviously illegal trades disturbing, such as the recent well-timed trades in DG ahead of the Carl Icahn announcement. What sort of technology does the SEC and CFTC use to track these trades and trace them back to their source? Or am I living in a dreamworld and do these guys typically get away with it?

Futures Options Roundtable 10: A Deep Dive Into Futures Options Data   Today's guest co-host is Nick Howard of QuikStrike The Grand Marketplace: Industry group believes CME Group should suspend open-outcry trading if Globex crashes after an exchange outage in April.  Ags: Wheat futures cap 10-month slump, falling 9.4% from a 14-month high on May 6. Soybean prices rise on tight supplies, increasing $.20 to settle at $14.85 a bushel. Corn prices plummeted, ending a 4.7% weekly slide. Coffee prices soar as Brazil cuts harvest estimate. Metals: Hedge funds cut bullish gold futures bets, while gold rise on Indian demand.  Energy: Oil prices settle at three-week highs.   The Scrolls: Listener questions and comments Question from Seahound - I know about Trade Alert and Livevol. Those services are great, but they focus on equity options. Are there any services or platforms out there that focus on futures options analytics? Question from Alan Gergory - Is the standard multiplier for futures options 100 like it is for equity options? Or do they us some other system? Comment from Charles Dectan, New Orleans, LA - I agree with Jeff from the recent episode. Hellen was great! You guys need to get her on the show more often. She brings a unique perspective to the grains markets.

Option Block 319: Why Would Anyone Do That? Trading Block Indexes are at the same level as this morning but the S&P 500 could hit another record close. VIX high on the continuing drama in Ukraine. Staples falls on disappointing quarterly numbers. Federal Reserve data released on Thursday. Ukraine and Nat Gas. Jobless claims Thursday - Nonfarms Friday.  Odd Block Puts trade in James River Coal Company (JRCC), puts trade in CommonWealth REIT (CWH), buy-write traders in MeetMe (MEET) and long close in SPDR KBW Regional Bank ETF (KRE) Xpress Block Alex clears up the confusion caused by the upcoming dividend of the Qs. Soda Stream lit up the tape late in the session. Mail Block Question from J. Charles - My question for the all-star panel is about analytics platforms. I have heard you guys mention a variety of different suites, live LiveVol. I pretty much just use my brokers tools and they work fine for me. I can pull up the options chains, click on the strikes and options I want to trade, click on the option to enter a trade and all that stuff. I can also pull up skews and research. It really does the job for me. What is ti that these other platforms offer you that would be worth paying $200+ a month in extra fees? Sorry but I am no an OX customer - although the show is pulling me in that direction. Hope that does not hurt my chances of being featured on the program. Comment from Bryan Nic - @Options Just pulled up OB on your app. Hundreds of episodes waiting for me. Thats serious streaming goodness. Commute is covered now. Thx. Question from Avent - Bought 50 ZNGA Mar 5 calls for $.17 last month. They are sitting around $.60 now. What should I do - sell? Sell half and let the rest ride? Roll to April 6 calls for $.28? Take the stock and then write covered calls against it? I am still mildly bullish on ZNGA, but worried about a near term correction. Question from Phillip Gregory, Dallas, TX - I like your advice about writing puts to get long stock. But I keep hearing people warning me about gap risk. What exactly are they talking about? Is this something unique to options or are limit stock orders just subject to gap risk?

Option Block 319: Why Would Anyone Do That? Trading Block Indexes are at the same level as this morning but the S&P 500 could hit another record close. VIX high on the continuing drama in Ukraine. Staples falls on disappointing quarterly numbers. Federal Reserve data released on Thursday. Ukraine and Nat Gas. Jobless claims Thursday - Nonfarms Friday.  Odd Block Puts trade in James River Coal Company (JRCC), puts trade in CommonWealth REIT (CWH), buy-write traders in MeetMe (MEET) and long close in SPDR KBW Regional Bank ETF (KRE) Xpress Block Alex clears up the confusion caused by the upcoming dividend of the Qs. Soda Stream lit up the tape late in the session. Mail Block Question from J. Charles - My question for the all-star panel is about analytics platforms. I have heard you guys mention a variety of different suites, live LiveVol. I pretty much just use my brokers tools and they work fine for me. I can pull up the options chains, click on the strikes and options I want to trade, click on the option to enter a trade and all that stuff. I can also pull up skews and research. It really does the job for me. What is ti that these other platforms offer you that would be worth paying $200+ a month in extra fees? Sorry but I am no an OX customer - although the show is pulling me in that direction. Hope that does not hurt my chances of being featured on the program. Comment from Bryan Nic - @Options Just pulled up OB on your app. Hundreds of episodes waiting for me. Thats serious streaming goodness. Commute is covered now. Thx. Question from Avent - Bought 50 ZNGA Mar 5 calls for $.17 last month. They are sitting around $.60 now. What should I do - sell? Sell half and let the rest ride? Roll to April 6 calls for $.28? Take the stock and then write covered calls against it? I am still mildly bullish on ZNGA, but worried about a near term correction. Question from Phillip Gregory, Dallas, TX - I like your advice about writing puts to get long stock. But I keep hearing people warning me about gap risk. What exactly are they talking about? Is this something unique to options or are limit stock orders just subject to gap risk?

Options Insider Radio: LiveVol Live at OIC Mark is joined by Catherine Clay, Chief Strategy Officer of LiveVol They discuss: LiveVol X, including alpha testing, features, and audience The many aspects of LiveVol, including a new RIA platform The evolution of the company as well as the industry How to reach investment advisors LiveVol Pro platform upgrades And more    

Options Insider Radio: LiveVol Live at OIC Mark is joined by Catherine Clay, Chief Strategy Officer of LiveVol They discuss: LiveVol X, including alpha testing, features, and audience The many aspects of LiveVol, including a new RIA platform The evolution of the company as well as the industry How to reach investment advisors LiveVol Pro platform upgrades And more    

Options Insider Radio 114: Interview with Paul Finnegan In this episode, Mark and Chris are joined by Paul Finnegan, CEO of LiveVol. The group discusses: Paul's transition from the exchange space to the vendor space What is LiveVol, and what does it bring to the marketplace Where does LiveVol touch the industry? The evolution of LiveVol over time The importance of high-quality market data LiveVol X platform features Different contract types And more

Options Insider Radio 114: Interview with Paul Finnegan In this episode, Mark and Chris are joined by Paul Finnegan, CEO of LiveVol. The group discusses: Paul’s transition from the exchange space to the vendor space What is LiveVol, and what does it bring to the marketplace Where does LiveVol touch the industry? The evolution of LiveVol over time The importance of high-quality market data LiveVol X platform features Different contract types And more