Options 101: The Wheel Trade revisited Why: Get paid to enter the orders that you're already entering in the stock market. How: Substitute cash secured puts for your limit stock buy orders and covered calls for your stock sell orders. Benefit: Increase income revenue from your existing trade. The Buzz: What's the word? The Collapse of Lehman Brothers: A decade later. Takeaways, lessons and memories. OCC cleared contract volume up 10% in August. Overall exchange-listed options volume reached 426,237,903 contracts in August, up 12 percent from August 2017. FIA releases half-year report on futures and options volume. The total number of futures and options traded worldwide in the first half of the year reached 14.9 billion contracts, up 19.7% compared to the first half of 2017. Open interest, which measures the number of outstanding contracts, was 850.7 million contracts at the end of June, roughly unchanged from a year ago. Office Hours: Listeners weigh in Options question of the week: Some people look to analysts for their market outlook. We prefer to analyze actual #options positions. This week we're letting you join the fun. What do you think is the largest #options position in $SPY right now? No cheating! What does your gut tell you? SPY Mar 255.0 P SPY Oct 272.0 P SPY Dec 31st 320.0 C SPY Sep 300.0 C Listener questions and comments: Question from LaRocha - My client fund are primarily in SMAs in the 20k-50k range. What is the best option strategy for these types of accounts? The time horizon for most of these accounts is at least 20 years with a long equity bias and fairly high risk tolerance. Thanks again. Just discovered the show and I'm learning a lot. Question from Liznder - If you had to start over with learning about and trading options what would you do differently?

Options news you can use for Wednesday, September 26, 2018

On Profiles & Perspectives, Lisamarie Lukas, OCC's VP of Corporate Communications, stops by to discuss OCC's recent rebranding efforts and how it ties to the organization's role as a Systemically Important Financial Market Utility. Then, Ed Modla of Investor Services will review the stock repair strategy and how investors can use it to manage a losing stock position.  

Volatility Review: A look at the week from a volatility perspective VIX Cash - 12.2, down 2.2 points from last show RVX - 13.9, down 2 points from last week VVIX - 91, nine handles lower than last show Cboe SKEW Index Tops 150 for Record Four Straight Trading Days; Some Cite Surge in Black-Swan Hedging VIX Options - ADV: 467k, VIX call/put: 2.8/1, Total 6.86m (5.04m Calls, 1.82m Puts) More size Oct/Nov risk reversal on Weds - over 50k on the tape. VXX - 26.65, over 1 point lower than last show. Volatility Voicemail: Options question of the week Some people look to analysts for their market outlook. We prefer to analyze actual options positions. This week we're looking at SPY. In a nutshell - what do you think is the largest options position in SPY right now? No cheating - what does your gut tell you? 16% - SPY Mar 255.0 P 32% - SPY Oct 272.0 P 34% - SPY Dec 31st 320.0 C 18% - SPY Sep 300.0 C Listener questions and comments: Question from Godfr3y - I'm long VXX from 28.30 and long Jan 25 puts from $.55. Today I sold the Oct05 29.50 call for $.56. Thoughts? Should I just scrap the shares? Question from Piers - I'm long a bunch of VXX puts. I'm wondering if it is cheaper to buy VXX stock rather than the OTM calls to hedge against vol spikes over short periods like weekends or a few days. The underlying isn't going to suffer the same theta as the options and you get more deltas. Crystal Ball: Wild prognostication Last week: Mark L. - 11.67 Mark S. - 12.15 Next week: Mark L. - 11.25 Mark S. - 12.14

Trading Block: Snap stock rises after company announces new Amazon partnership; Earnings: Walt Disney Co (DIS) Odd Block: Aggressive call sale in TransUnion (TRU), call sale in Williams Companies Inc. (WMB) and puts/calls deal in Sirius XM Holdings Inc. (SIRI). Strategy Block: Uncle Mike Tosaw discusses both trading in a low Vol market and how to pay for puts. Mail Block: Is it just me? Question from Niny3 - Is it me? I seem to only get filled on my limit option order when the stock moves aggressively against me. At that point I’m almost better off canceling the order. What am I doing wrong? Should I just go to market? Around the Block/This Week in the Markets: Sep 25 - Consumer Confidence Sep 26 - New Home Sales, FOMC Meeting Sep 27 - Jobless Claims, GDP, Durable Goods Sep 28 - Personal Income, Consumer Sentiment

Options news you can use for Monday, September 24, 2018

In this episode, Mark is joined by Mead Wells, Founder and CEO of Octogon Asset Management, and Co-founder and Chairman of ATLSO They discuss: What is A Leg to Stand On? How did Mead get involved with ALTSO? Rocktoberfest Chicago Rocktoberfest New York What's the Joshi limb? And more...

In this episode, Mark is joined by Lynette Lim, Co-CEO and Director of Phillip Capital Inc. They discuss: The origins of Phillip Capital Launching the FCM Asian roots The early years The upcoming Asian Trading Symposium The shifting trading strategies of Asian investors Government paternalism The ebb and flow of progress Different use cases for Asian investors Singapore's leadership role in the Asian markets RISK DISCLAIMER: Trading in futures products entails significant risks of loss which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies cited herein is not necessarily indicative of future performance. The information contained herein is provided to you for information only and believed to be drawn from reliable sources but cannot be guaranteed; Phillip Capital Inc. assumes no responsibility for errors or omissions. The views and opinions expressed in this letter are those of the author and do not reflect the views of Phillip Capital Inc. or its staff.  

Options news you can use for Friday, September 21, 2018

Topics this week include: Crude Metals/Gold Equities/RVX Crypto/Bitcoin Futures Options Feedback: Listener questions and comments Question from George Pat - You say equity put skew isn't interesting. I find it pretty fascinating because it's a barometer for the market's demand for protection and income. I'm in for more equity skew. Question from Ron S6 - What's your suggested minimum account size to start trading options?

Trading Block: Earnings and major moves Oracle Corporation (ORCL) after the bell - $49.25, ATM straddle: $2.75, approx. 5.5% FedEx Corporation (FDX) after the bell - $255.25, ATM straddle: $8.50, approx. 3.3% Reefer madness hits the options markets as cannabis shares continue to climb. $TLRY $CORE $MJ Odd Block: Tesla Inc. (TSLA) put summary, call love in KKR & Co Inc. (KKR), put love in Meet Group Inc. (MEET) and call love in Delek US Holdings Inc. (DK). Mail Block: Options question of the week Some people look to analysts for their market outlook. We prefer to analyze actual #options positions. This week we're looking at $SPY. In a nutshell - what do you think is the largest #options position in $SPY right now? No cheating - what does your gut tell you? SPY Mar 255.0 P SPY Oct 272.0 P SPY Dec 31st 320.0 C SPY Sep 300.0 C Listener questions and comments: Question from Gallion - I need an income trade that produces about 7-8% per year, what should I be looking at? Question from Salsot - Pennies! Did they help or hurt options? Around the Block/This Week in the Markets Sep 20: Jobless Claims, Existing Home Sales, Fed Balance Sheet

Tilray Inc. (TLRY) has gone up over 100% in two days. With stocks that move like this, it's a great learning experience. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Specifically: A review of last week's NKE diagonal spread What did we want to happen? What actually happened? What does that mean for the contract we bought? What do to now? Let's roll! Crazy moves in TLRY Why are the puts so pricey? What would Brian do? (WWBD?) Super high implied volatility And more.... 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].

Options news you can use for Thursday, September 20, 2018

Options news you can use for Wednesday, September 19, 2018

Options news you can use for Tuesday, September 18, 2018

Trading Block: Trade war concerns are renewed as Trump keeps turning up the rhetoric. $AMZN in Chicago! A new Amazon Go store opens down the street from our studio - the first outside of Seattle. Amazon spinoff AWS heats up. FedEx (FDX) - $255.23, ATM straddle: $8.50 approx. 3.3%. Oracle (ORCL) - $49.25, ATM straddle: $2.75 approx. 5.5%. Odd Block: Call love in Cigna Corporation (CI), calls trade in Bed Bath & Beyond Inc. (BBBY), and call love in Antero Resources Corp (AR). Strategy Block: Uncle Mike Tosaw discusses how to trade the Wheel strategy. Mail Block: Listener questions and comments Question from Liznder -If you had to start over with learning about and trading options what would you do differently? Question from Tamavil - Does it make sense for an active trader to become a member of the exchanges anymore or are those days gone? Around the Block/This Week in the Markets: Sep 18: Treasury International Capital Sep 19: Housing Starts Sep 20: Jobless Claims, Existing Home Sales, Fed Balance Sheet

Options news you can use for Monday, September 17, 2018

Volatility Review: A look back at the week from a volatility perspective VIX Cash - 12.2, down 2.2 from last show RVX - 13.9, down 2 points from last week VVIX - 91, nine handles lower than last show VIX Options - ADV: 459k, VIX call/put: 3/1, Total 8.66m (6.48m Calls, 2.18m Puts) Why go 1x2 when you can go 1x4!? VXX - 27.80, nearly 3 points lower than last show Volatility Voicemail: Volatility Flash Poll VIX is threatening 15 and VXX is back above 30. Is this the return of volatility or just a blip? Quite simply - where will we be at the end of next week? 14% - Here: VIX=14, VXX=30 32% - Low: VIX= 15% - Lower: VIX= 39% - Higher: VIX= Listnener Questions and Comments: Question from Eleva7 - Since VXX erodes so aggressively is the best bet for long players to overwrite calls aggressively? Slight OTM, ATM or perhaps even ITM? Has anyone researched this to see if that outperforms long only? Comment from Louis Pena - Insider should create its own indicator. Some sort of VXX erosion indicator. The Erosionator? Crystal Ball: Wild prognostication Last week: Mark L. - 13.75 Mark S. - 13.00 This week: Mark L. - 11.67 Mark S. - 12.75

Trading Block: Volatility Flash Poll! VIX is threatening 15 and $VXX is back above 30. Is this the return of volatility or just a blip? Quite simply - where will we be at the end of next week? 14%- Here: VIX=14, VXX=30(ash) 32% - Low: VIX= 15% - Lower: VIX= 39% - Higher: VIX= Earnings! Kroger, Adobe, Radiant Apple unveils iPhone 10plus Odd Block: Call love in Caesars Entertainment Corp (CZR), XRX Call weirdness in Xerox Corp (XRX), call sweep in MGM Resorts International (MGM). Strategy Block: Uncle Mike Tosaw discusses the joys and dangers of gamma Mail Block: Listnener questions and comments Question from TNKA - I 've got about $25k worth of SPY. How many puts do I need to protect myself? Around The Block/This Week In the Markets Sep 13: Retail Sales, Consumer Sentiment

Options news you can use for Friday, September 14, 2018

Topics this week include: Equities/Russell Crude/WTI Gold/Silver/Copper Crypto/Bitcoin Ags/Corn Futures Options Feedback: Listener questions and comments Question from Varga - Which strategy should futures options traders learn about and focus on first? Question from BelaRussian - I'm long futures options and they are ITM. If I want to exercise it now as oppose to selling them, I can do that any time it is ITM right? Aren't futures traded in American style option when one can exercise it if it is ITM?

Nike (NKE) has been in the news a lot lately and will announce earnings on September 25. Let's take a look at a diagonal trade. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Specifically: A review of last week What happened to the SPX? Did you get out, or did you get the stupid award? NKE is near all-time highs Setting up the trade Selecting strikes and expirations Pay attention to the delta of the trade Addressing different scenarios 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].

Options news you can use for Wednesday, September 12, 2018

In this episode, Mark is joined by Scott Nelson, CEO of Sweetbridge. They discuss: What is Sweetbridge? Why blockchain? The Sweetbridge wallet What brought him to the Voice of Blockchain conference? Is Chicago becoming the hub of crypto trading? What should we look for in the crypto derivatives space? Where can you find out more? Sweetbridge.com And more...

Options news you can use for Tuesday, September 11, 2018

Trading Block: VIX is back to 14, and VXX is back below 30. Earnings. If Apple made phone in U.S. they would cost 20% more, according to BAML analyst. SEC rejects bitcoin ETFs. Odd Block: Upside calls in Altice USA Inc. (ATUS), short puts in PagSeguro Digital Ltd (PAGS) from 4-16, and size calls in Regions Financial Corp (RF) from 2-26. Mail Block: Listner questions and comments Question from EB18 - What do you think of $FB calls profiled on Options Action last week? Question from Anzew - If I go out of the money with my options are they more sensitive to price movements in the stock? I've had out of the money positions move over 25% when the stock only moved 5%. Around the Block/This Week in the Markets Sep 10: JOLTS Sep 11: PPI Sep 12: CPI, Jobless Claims, Treasury Budget Sep 13: Retail Sales, Consumer Sentiment

This rebroadcast of OIC’s webinar panel program discusses how options professionals use technical analysis as they’re forming an opinion on underlying assets.

Volatility Review: A look at last week from a volatility perspective VIX Cash - 14.4, up 2.4 from two weeks ago RVX - 15.90 VVIX - 100 - 7 handles higher than last show VIX Options - ADV: 459k, VIX call/put: 3.3/1, Total 7.62m (5.82m Calls, 1.80m Puts) VXX - 30.40, nearly 2-points higher than last show Crystal Ball: Your prognostication headquarters Last week: Mark L. 11.55 Mark S. - 11.95 This week: Mark L. - 13.75 Mark S. - 13.00

Options news you can use for Monday, September 10, 2018

Topics this week include: Equities Russell/EMini Crude Crypto Futures Options Feedback: Listeners have their say Options question of the week: We talked about crypto derivatives at the @BlockchainVoice Conference. So this week we want to know which Crypto product you'd like to see listed on a major venue next. 72% - Bitcoin Options 8% - Ripple Options/Futures 15% - Ether Options/Futures 5% - Litecoin Options/Futures Listener questions and comments Comment from Ledger8: Enjoyed your panel on crypto derivatives. Good job hitting the big points. But I was disappointed that #bitcoin options don't seem to be on the radar anytime soon. The CME rep made it sound like we won't see them listed this year. Bummer! Question from Allani: I trade a fair amount of EMini S&P options. I'm eyeing the Dow but don't see a significant amount of volume there. I've heard you mention this before on the TWIFO program. Why do you think the S&P contract generates so much more interest than the Dow contract? After all Dow is probably quoted more in the media than the S&P?

Trading Block. There are still names reporting earnings. Namely, Barnes & Noble and GameStop. Odd Block: Cheapie calls in Northern Oil & Gas, Inc. (NOG) from 5/21. Crazy put palooza in Dean Foods Co (DF) from 4/30. Call love in Devon Energy Corp (DVN) from 4/16 Mail Block: Listener questions and comments Question from Jason Anstey: Would you or your followers have a recommendation on best discount brokerage? Ideally low cost per contract and the ability to enter spread orders on a mobile device. Thanks. Appreciate it. Question from Florence: When trades go against you do you close or roll the whole thing out or only the losing parts? Around The Block/This Week In the Markets: Sep 4 - Construction Spending Sep 5 - International Trade Sep 6 - Jobless Claims, Productivity and Costs, Factory Orders Sep 7 - Unemployment

Options news you can use for Friday, September 7, 2018

Now that earnings season is over, it's time to get back to the basics. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Specifically: A review of last week Setting up a long put butterfly in SPX Where is the SPX now? Where is volatility? Selecting strikes Using the nearest-term expiration Settlement is at the close on Friday What's the upside? Downside? What do we want to happen? How to roll into a short put spread Remember commissions! 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].

Options news you can use for Thursday, September 6, 2018

Options news you can use for Wednesday, September 5, 2018

Options news you can use for Tuesday, September 4, 2018

This episode was originally posted on August 28th, 2017. Volatility Review: A look back at the week from a volatility perspective. The numbers: VIX Cash - 12.33, a high of 14.45 on Monday. VVIX - 100 CBOE Skew Index - 130 Russell's Weekly Rundown VIX Options: ADV - 764k, VIX Call/Put - 3.4, Total 11.5m (8.88m Calls, 2.66m Puts) VXX reverse split trade Volatility Voicemail: Listener questions and comments Comment from JLC - That $VIX 60 guy is just nuts. He's just trying to make a name for himself with that prediction. $SPX wld need to drop over 10% to be right. Question from FContangotrader - What is your thought on $VIXH? Maybe every episode you can give an intro into various Vol ETN and ETF. Thanks and keep with good work Comment from FContangotrader - Mark Sebastian, so how do you hedge your gamma and your mother in law? Crystal Ball: Wild and reckless prognostication Last week Mark L. - 13.55 Mark S. - 12 Kevin - 18.25 Guest - 14.30 This week Mark L. - 11.75 Mark S. - 11.00 Russell - 10.80

Options news you can use for Friday, August 31, 2018

Now that earnings season is over, it's time to get back to the basics. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Specifically: A review of last week What happened if you stuck around to the close on Friday? How did we do? Markets are closed for Labor Day How do we take the holiday into account? Where is the S&P 500 right now? Selecting strikes and expiration What do we want to happen? What if it starts to go south? How to turn this into a butterfly And more.... 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].

This episode was originally posted on August 28th, 2017 Topics this week include: S&P and other indexes Silver and Gold Crude Oil Winners: Copper, Soybean oil Losers: Lean hogs, corn Futures Options Feedback: Listener questions and comments Question from Sho Odwa -Hi! Which website publishes real-time commodity options quotes Comment from Allan -I would have thought KC Wheat would be the winner? Question from NN0M -Why did Tosaw put on a two year collar in silver? Why that time frame? Question from ReallyG -Love your #podcasts! Question: market profile displays limit orders. Is there a service that displays stop orders? Just wondering Question from TheBiggers: Calls are typically more bid in futures options than equity options. So does it stand that collars are more effective in futures options?

This episode was originally posted on August 29th, 2017 Trading Block: A quiet day in the market. Odd Block: Ratio put spread in Expedia Inc. (EXPE), ratio risk reversal in Dollar General Corp. (DG), and put-palooza in Pure Storage Inc. (PSTG). Mail Block: Options Question of the Week Look at #MayweatherMcGregor as #Options traders. @TheNotoriousMMA calls cost $1, pay $3. #Floyd calls cost $4, pay $1. Your trade? 30% - Buy #Connor Calls? 32% - Buy #Floyd Calls? 16% - I'd rather sell premium 22 - Whoever Wins We Love Listener questions: Question from Allan8 - Did Mark cash any calls on Floyd? Question from LAXX - Is it me or do the Vegas odds makers do a very similar job to options market makers? Another Options Question of the Week: Let's get cheap! If you had to buy "lottery ticket" December calls for $.05 in one name - which would you choose? #HomeRun AMZN AAPL Tesla VIX MORE listener questions: Comment from The_Quantum_Revloution - Which options are trading at $0.05 though that's the question? Comment from Randy Wright - AAPL, and I just might join you. Question from NTT - Can you clarify the question from last show. Was that SPX put-call spread guy asking about selling OTM calls vs. OTM puts or same strike? Comment from Dennis Lyrintzis - Wow over 15,000 Jan 55 calls bought for AAL. Thanks for the Alert. Question from ReallyG? - Love your #podcasts! Question: market profile displays limit orders. Is there a service that displays stop orders? Just wondering Question from KBX32: What is the cheapest way to hedge my portfolio w options? Around the Block: Upcoming Earnings LULU (8/31)

Mark recently participated in the Voice of Blockchain Conference to talk about crypto derivatives. Panelists included: Tony Saliba, CEO at Matrix Holding Group and Mercury Digital Assets Matt Amberson, Owner, Options Research & Technology Services Julie Winkler, CME Group Chief Commercial Officer

Options news you can use for Wednesday, August 28, 2018

Volatility Review: A look back at the week from a volatility perspective VIX Cash - 12, down one point from last week. VVIX - 93, ten handles lower than last week. VIX OPTIONS - ADV: 462k, VIX call/put: 3.3/1, Total 6.31m (4.83m Calls, 1.48m Puts) Return of the 1x2? VXX - 28.65, one and a half points lower than last week. Earnings Volatility: NVDA - ATM straddle: $16.50, approx. 6% VIX lawsuit press release - Kessler Topaz chosen as co-lead counsel overseeing national antitrust case alleging manipulation of CBOE's Volatility Index Volatility Voicemail: Options question of the week We're talking about crypto derivatives at the @BlockchainVoice Conference. So this week we want to know which crypto product you'd like to see listed on a major venue next? Bitcoin Options Ripple Options/Futures Ether Options/Futures Litecoin Options/Futures Listener questions and comments Comment from Vixologist: VolTwits should listen to @ScottNations on latest installment of Volatility Views from @Options https://tinyurl.com/yb9uebww Scott talks about the alt volatility measures he has developed. Comment from Middling Radical: I have his thinkorswim indices up but confess I find the VIX complex and certain ratios just as helpful. Comment from FearMerchant: I have them on my screen and I was tracking a ratio of VIX/VOLI for a while to see when they diverge/converge. It proved to be of little value. Comment from David Lincoln : They have some good people on that show....... ;) Comment from FContangotrader: VIX at 12.28 and the market at ATH says everyone are hedged with puts SPX,VVIX over 100 says lot of VIX calls buying as a hedge also, market will break to the upside. Comment from Nathan L.: All these people buying VIX puts have me confused. How low can this vol bear trend really get - maybe 9? So the downside is quite limited. I definitely prefer bull call spreads in this environment with potentially selling OTM puts as a financing tool. Crystal BallL Your prognostication headquarters Last week: Mark L.: 12.25 Mark S.: 11.95 Next week: Mark L.: 11.55 Mark S.: 11.95

This episode was originally posted on April 25th, 2017 Trading Block: Earnings today Alcoa: $33, ATM Straddle $2 - approx. 6% Chipotle: ATM Straddle $25.25, approx. 5.4% VIX 'fear' gauge plummets as French election results spark global relief rally. Odd Block: Calls and puts trade in GGP Inc. (GGP), puts trade in Exelon Corp. (EXC) and calls trade in MGM Resorts Intl. (MGM). Mail Block: Question of the Week: Earnings Season is upon us. Big names are reporting soon. Which is your pick for the largest % move post-earnings? $AMZN $GOOGL $CMG $MSFT Listener questions and comments: Follow-up comments from GameDay Dog: You nailed it. I was assigned on 2 of the options. I knew that, but the (-) in my margin account was "alarming". My main thought was losing more than my spread safety net. The math did not make sense immediately. Glad to ask a question that made others ask questions. My bad...just heard episode 608...Yeah, I got assigned 2 of 3 my put spread. Way too early! I will get into better detail next time. Episode 208 had an excellent answer. That big negative number was stupid scary! I closed all the positions & sold the stock. The 1 short put & 3 long puts made it a back ratio spread when I closed it. It's funny now! PS - thanks for managing to get my questions on air. Once I closed the positions, I was able to sleep that night!!! Feels like I lost more than $300 though. By getting assigned the shares, it felt like I had more at risk and loss was influenced by the price of the underlying instead of the option. If that makes sense. Seeing the large margin number was not pleasant. My credit spread had a 30% chance of being ITM when I sold it too! Hahaha. Question from Lesnod -How do you get out of the straddles? One side of a straddle is always a loss correct? Around the Block/This Week in the Market Apr 25: New Home Sales, Consumer Confidence Apr 27: Jobless Claims, International Trade, Pending Home Sales Apr 28: GDP, Consumer Sentiment

OIC's Wide World of Options 52: Gamma Scalping Curious about what Gamma Scalping is and how you can use it as a part of your investment strategy? Host Joe Burgoyne has you covered as he welcomes Stan Freifeld of McMillan Analysis Corp who will discuss its trading methodologies. Also, Michael Thomsett, a prolific author of several options-related books, joins Joe for Profiles & Perspectives. 

Options news you can use for Monday, August 27, 2018

Options 101: A review of the fundamentals Short Calendars What is it and why use it? Any other thoughts on the short calendar? The Buzz: What do informed advisors need to know? The Dow just registered its longest stint in correction territory in nearly 60 years- failing to move 10% above the closing low hit earlier in the year. The majority of fund managers expect the next recession to begin in the second half of next year or the first half of 2020. Exchange-listed options mean opportunity for pensions and endowments. Best& Worst BDs for Advisors: J.D. Power — 2018 Average satisfaction score - 726, up from 719 a year ago, on a scale of 1 to 1,000. Office Hours: Options question of the week We're talking about #Crypto #Derivatives at the @BlockchainVoiceConference. So this week we want to know which #Crypto product you'd like to see listed on a major venue next. 68% - Bitcoin options 8% - Ripple Options/Futures 18% - Ether Options/Futures 6% - Litecoin options/Futures Listener questions and comments: What's on your mind? Question from Allen T. - Does it count as a calendar if it's on two different underlyings? Or is that more of a pairs trade? Question from Gall - How many options are actually traded by RIAs? Question from D Riley:I have a general question because I'm struggling with hedges. Do most people buy calls or put options as hedges? Do they hedge in, at or out of the money?