Volatility Views

Volatility Views 399: Volatility Fun-Ness Abounds HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP CO-HOST: MARK SEBASTIAN, THE OPTION PIT MIAX HOT SEAT: HENRY SCHWARTZ, TRADE ALERT VOLATILITY REVIEW SEGMENT A MIXED END TO A MIXED WEEK THE STREET HAVING A HARD TIME COMING TO GRIPS WITH THE CURRENT ENVIRONMENT - WEAK EARNINGS, DIRE ECONOMIC OUTLOOK, GROWING ISSUES WITH CHINA. YET THE BULL IS STILL FIGHTING TO SHOW ITSELF. OPEN TABLE SAYING ¼ OF RESTAURANTS WILL NEVER REOPEN. VOL FIRMING UP EVEN AS MARKETS REMAIN SOMEWHAT MIXED SPIKES: 33 - UP 2.8 FROM LAST SHOW VIX CASH: 32.5 - UP 3.5 FROM LAST SHOW VVIX: 136 - UP 20 FROM LAST SHOW VOLATILITY VOICEMAIL QUESTION FROM PLAYBOOK3: WHAT IMPACT DO YOU THINK FLOORS OPENING UP AGAIN WILL HAVE ON VOLATILITY? RELATED QUESTION FROM NELLE: WOULD VIX HAVE HIT 80 IF THE MARKET WASN'T FULLY ELECTRONIC? QUESTION FROM TIM: HOW IS THE EARNINGS SEASON SHAPING UP? QUESTION FROM 56IT: WHAT IS THE STATUS OF SVIX? CRYSTAL BALL WHERE WILL VIX/SPIKES BE NEXT WEEK?

Volatility Views 398: All is Right With the World Again? HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP CO-HOST: MARK SEBASTIAN, THE OPTION PIT MIAX HOT SEAT: TOM JARCK, VOLATILITY PRODUCTS SPECIALIST, MIAX VOLATILITY REVIEW SEGMENT NASDAQ WENT GREEN ON THE YEAR! THE MONTHLY REPORT ON THE EMPLOYMENT SITUATION IN THE U.S. SHOWED THAT 20.5 MILLION JOBS WERE ELIMINATED LAST MONTH, AND THE UNEMPLOYMENT RATE ROCKETED 14.7% FROM A 50-YEAR LOW OF ONLY 3.5% TWO MONTHS AGO AND 4.4% LAST MONTH. SPIKES: 30.2 - DOWN 8 FROM LAST SHOW VIX CASH: 29 - DOWN 9 FROM LAST SHOW VVIX: 116 - DOWN 5 FROM LAST SHOW LOOKING AT EARNINGS VOLATILITY THIS WEEK PARTICULARLY IN GRUB, PYPL VOLATILITY VOICEMAIL QUESTION FROM LANCE: HELLO VOL CREW. LONG TIME FIRST TIME. LOVE MY VOL VIEWS WEEKLY FIX. I'VE EVEN TRADED SOME SPIKES! JUST WANTED TO SEE IF YOU GUYS CAUGHT THIS AND IF SO WHAT YOU THOUGHT OF IT? I THOUGHT THE CANADIANS WERE VOL SAVVY? - AIMCO'S $3 BILLION VOLATILITY TRADING BLUNDER CRYSTAL BALL WHERE WILL VIX/SPIKES BE NEXT WEEK?

VOLATILITY VIEWS 397: Floor Traders vs. Volatility, Plus TSLA, AMZN, AAPL & More HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP CO-HOST: MARK SEBASTIAN, THE OPTION PIT MIAX HOT SEAT: DAVID LINCOLN, VIX CRUSH VOLATILITY REVIEW SEGMENT APRIL WAS A GOOD MONTH FOR STOCKS MARKET RALLIED EARLIER IN THE WEEK OFF HOPE FOR GILLEAD'S CORONAVIRUS TREATMENT. NOW THAT RALLY IS FADING IN THE WAKE OF RENEWED TRADE HOSTILITIES WITH CHINA. ECONOMY STRUGGLING SPIKES: 38.5 - UP 1 FROM LAST SHOW VIX CASH: 38 - UP .75 FROM LAST SHOW VVIX: 121 - UP 4 FROM LAST SHOW CBOE PLANS REOPENING OPTIONS FLOORS JUNE 1 OCC APRIL VOLUME: FUTURES DOWN 52.1 FROM APRIL 2019 LOOKING AT EARNINGS VOLATILITY THIS WEEK PARTICULARLY IN TESLA (AND MUSK'S FOLLOW UP RANT), AMZN, AAPL AND MORE. VOLATILITY VOICEMAIL QUESTION FROM EDSON: WHY DO YOU THINK SO MANY FIRMS ARE UNDERPRICING VOLATILITY THIS EARNINGS SEASON? CRYSTAL BALL WHERE WILL VIX/SPIKES BE NEXT WEEK?

VOLATILITY VIEWS 396: THE CRUDE VOLATILITY WHIRLWIND HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP CO-HOST: MARK SEBASTIAN, THE OPTION PIT MIAX HOT SEAT: TOM JARCK, MIAX EXCHANGE GROUP MIAX HOT SEAT: SHELLY BROWN, MIAX EXCHANGE GROUP GUEST CO-HOST: MATT AMBERSON, OPTION RESEARCH & TECHNOLOGY SERVICES VOLATILITY REVIEW SEGMENT SO MUCH FOR THE CURE: MARKET RALLIED LAST WEEK OFF HOPE FOR GILEAD'S CORONAVIRUS TREATMENT. THIS WEEK NOT SO MUCH. CRUDE OIL APOCALYPSE: WE ALL DISCOVERED THAT WTI CAN GO NEGATIVE SPIKES: 37.5 - DOWN 1.5 FROM LAST SHOW VIX CASH: 37.25 - DOWN 1.75 FROM LAST SHOW VVIX: 117 - DOWN 10 FROM LAST SHOW LOOKING AT EARNINGS VOLATILITY THIS WEEK. THE EARNINGS SEASON HAS RETURNED LITTLE SO FAR TO VOLATILITY BUYERS. VOLATILITY VOICEMAIL QUESTION FROM JACK: WHY IS VXX UP THIS WEEK QUESTION FROM NEILP: IS IT WORTH IT TO SELL IRON CONDORS ONE WEEK BEFORE EARNINGS AND THEN CLOSE THEM THE DAY BEFORE, OR MAYBE RIGHT BEFORE, THE EARNINGS ANNOUNCEMENT? MAYBE I'M JUST SPINNING MY WHEELS HERE. QUESTION FROM JJC: WHY HAS NO OTHER FLAVOR OF VIX REALLY CAUGHT ON WITH THE TRADING WORLD? VIX IS A HUGE HIT BUT OTHER VARIANTS AND ITERATIONS NOT SO MUCH. CRYSTAL BALL WHERE WILL VIX/SPIKES BE NEXT WEEK?

Volatility Views 395: A CURE FOR VOLATILITY? HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP CO-HOST: MARK SEBASTIAN, THE OPTION PIT MIAX HOT SEAT: TOM JARCK, MIAX EXCHANGE GROUP MIAX HOT SEAT: SHELLY BROWN, MIAX EXCHANGE GROUP GUEST CO-HOST: ILYA FEYGIN, WALLACHBETH CAPITAL VOLATILITY REVIEW SEGMENT THE CURE?: MARKET IS RALLYING TODAY OFF STRONG RESULTS FOR GILLEAD'S CORONAVIRUS TREATMENT. ALTHOUGH PERHAPS NOT THE "CURE RALLY" WE EXPECTED SPIKES: 39 - DOWN 10 FROM LAST SHOW VIX CASH: 39 - DOWN 10 FROM LAST SHOW VVIX: 127 - DOWN 18 FROM LAST SHOW VOLATILITY VOICEMAIL QUESTION FROM NIC: EVERYONE'S LOOKING AT WAYS TO GET LONG NOW INCLUDING STOCK SUBSTITUTION STRATS LIKE THE FIG LEAF. BUT WHY DOES NO ONE TALK ABOUT STOCK SUBSTITUTION IN VOL PRODUCTS? OR I GUESS IT WOULD BE FUTURES SUBSTITUTION INSTEAD. GREAT SHOW. QUESTION FROM NIC: I'M ONLY TRADING WEEKLIES RIGHT NOW TO AVOID WEEKEND VOLATILITY. AM I BEING PARANOID? CRYSTAL BALL WHERE WILL VIX/SPIKES BE NEXT WEEK?

Volatility Views 394: Vol Man Is Sad HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP CO-HOST: MARK SEBASTIAN, THE OPTION PIT MIAX HOT SEAT: TOM JARCK, MIAX EXCHANGE GROUP MIAX HOT SEAT: SIMON HO, T3 INDEX VOLATILITY REVIEW SEGMENT TERRIBLE NONFARMS -AS EXPECTED HIGHEST VOLUME MONTH EVER FOR U.S. EQUITY OPTIONS INDUSTRY SPIKES: 49 - DOWN 14.5 FROM LAST SHOW VIX CASH: 49 - DOWN 15 FROM LAST SHOW VVIX: 145 - DOWN 30 FROM LAST SHOW VOLATILITY VOICEMAIL QUESTION FROM ADAM: IS IT SAFE TO START BUYING OPTIONS AGAIN IN VXX? HAS THE VOL CRASH HAPPENED YET? CRYSTAL BALL WHERE WILL VIX/SPIKES BE NEXT WEEK?

Volatility Views 393: Volatility and Vegan Meatballs HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP CO-HOST: MARK SEBASTIAN, THE OPTION PIT MIAX HOT SEAT: SHELLY BROWN, EXECUTIVE VP, MIAX VOLATILITY REVIEW SEGMENT $2T STIMULUS APPROVED BY HOUSE - HEADED TO TRUMP FOR SIGNATURE. THE MOTHER OF ALL DEAD CAT BOUNCES? SPIKES: 63.5 - UNCHD FROM LAST SHOW VIX CASH: 64 - UNCHD FROM LAST SHOW VVIX: 175.5 - DOWN 13 FROM LAST SHOW VOLATILITY VOICEMAIL QUESTION FROM PANKASE: WHAT ARE YOUR THOUGHTS ABOUT PLAYING IN LONGER-TERM VOL HERE - 1YR PLUS OUT. WORTH IT OR NOT ENOUGH VEGA BANG FOR YOUR BUCK? QUESTION FROM ALEX LUNDGREN: WILL SOMEONE PLEASE EXPLAIN THE $VIX AND APRIL FUTURE DISCONNECT TO ME?? CRYSTAL BALL WHERE WILL VIX/SPIKES BE NEXT WEEK?

Volatility Views 392: HOW MUCH VOLATILITY CAN WE HANDLE? HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP CO-HOST: MARK SEBASTIAN, THE OPTION PIT MIAX HOT SEAT: SHELLY BROWN, EXECUTIVE VP, MIAX MIAX HOT SEAT: TOM JARCK, VOLATILITY PRODUCTS SPECIALIST, MIAX GUEST CO-HOST: EUAN SINCLAIR, PARTNER, TALTON CAPITAL MANAGEMENT VOLATILITY REVIEW SEGMENT HERE WE GO AGAIN! YET ANOTHER CRAZY VOLATILITY WEEK ON THE BOOKS. CALIFORNIA LOCKED DOWN, NEW YORK BANNING EMPLOYEES FROM GOING TO WORK: YET THE MARKET WAS RALLYING. VOLATILITY PRODUCTS HITTING ABSURD LEVELS ACROSS THE BOARD - TVIX HIT 969 ON 3/18, VXX HIT 77 ON 3/18, ETC. SPIKES: 63.5 VIX CASH: 64 VVIX: 188.75 VOLATILITY VOICEMAIL QUESTION FROM MATT: I KNOW VOLATILITY HAS NO THEORETICAL LIMIT. IT CAN ALWAYS GO TO A MILLION. BUT IS THERE A PRACTICAL CEILING WHERE YOU THINK VIX CAN'T REALLY GET ABOVE? NOT WITHOUT THE WORLD FALLING APART. QUESTION FROM TOG: HELLO VOL CREW. WHAT ARE YOUR THOUGHTS ON GETTING BACK ON THE SHORT VXX TRAIN. CRYSTAL BALL WHERE WILL VIX/SPIKES BE NEXT WEEK?

Volatility Views 391: Once More Unto the Breach HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP CO-HOST: MARK SEBASTIAN, THE OPTION PIT MIAX HOT SEAT: SIMON HO, CEO, T3 INDEX VOLATILITY REVIEW SEGMENT HOT ON THE HEELS OF THE WORST SELLOFF SINCE 1987 A HISTORIC WEEK FROM ANY PERSPECTIVE! CME CLOSED ITS TRADING FLOOR TO START THE WEEK NOW CBOE IS FOLLOWING SUIT AFTER TODAY SPIKES: 70 - UP 23 FROM LAST SHOW VIX CASH: 72.4 - UP 24 POINTS FROM LAST SHOW VVIX: 178.50 - UP 51.5 FROM LAST SHOW HOT VOLATILITY POSITIONS AND TRADES SPIKES VIX OPTIONS VXX VOLATILITY VOICEMAIL QUESTION FROM MIKE WIENICK: IF THE MARKETS ARE SHUT DOWN DUE TO THE EXTRAORDINARY CIRCUMSTANCES AND I HAVE EXPIRING IN THE MONEY PUTS THAT I BOUGHT - WHAT HAPPENS? ARE THE EXPIRING OPTIONS AUTOMATICALLY EXERCISED OR ARE DO JUST EXPIRE WORTHLESS BECAUSE THE MARKET WAS SHUTDOWN? CRYSTAL BALL WHERE WILL VIX/SPIKES BE NEXT WEEK? MARK: 61.5 SEBASTIAN: 56.25 SIMON: 55

Volatility Views 390: Volatility Is Feeling The Bern HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP CO-HOST: MARK SEBASTIAN, THE OPTION PIT MIAX HOT SEAT: RUSSELL RHOADS, TABB GROUP VOLATILITY REVIEW SEGMENT CBOE RISK MANAGEMENT CONFERENCE RUNDOWN. ANOTHER ROUGH WEEK FOR THE MARKET. SPIKES: 46.90 - UP .15 FROM LAST SHOW VIX CASH: 48.4 - UP 2.4 POINTS FROM LAST SHOW VVIX: 126.90 - UP .15 FROM LAST SHOW HOT VOLATILITY POSITIONS AND TRADES SPIKES VIX OPTIONS VXX VOLATILITY VOICEMAIL QUESTION FROM LANCASTER: HAVE YOU HEARD ANY MORE ABOUT THE STATUS OF SVIX? CRYSTAL BALL WHERE WILL VIX/SPIKES BE NEXT WEEK? MARK: 43.5 SEBASTIAN: 49.38 RUSSELL: 37

Volatility Views 389: The Great Volatility Standoff HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP CO-HOST: ANDREW GIOVINAZZI, THE OPTION PIT MIAX HOT SEAT: SIMON HO, T3 INDEX VOLATILITY REVIEW SEGMENT THIS IS A HISTORIC WEEK BY ANY MEASURE. DOW SET FOR IT'S 5TH WORST WEEK OF ALL TIME. SPX: S&P OFF OVER 10% SPIKES: 46.75 - UP 33 FROM LAST SHOW VIX CASH: 46 - UP 32 POINTS FROM LAST SHOW VVIX: 126.75 - UP 28 FROM LAST SHOW HOT VOLATILITY POSITIONS AND TRADES SPIKES VIX OPTIONS VXX VOLATILITY VOICEMAIL QUESTION FROM YELA: DID 50 CENT TAKE HIS PROFITS? THANK YOU. QUESTION FROM THOMAS: I'VE HEARD IT SAID THAT IT'S BEST TO BUY VIX WHEN IT'S HIGH AND SELL IT WHEN IT'S LOW? IS THAT TRUE? WHY? CRYSTAL BALL WHERE WILL VIX/SPIKES BE NEXT WEEK? MARK: 32.45 ANDREW: 29.50 SIMON: 43

Volatility Views 388: Remarkably Unremarkable Volatility HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP CO-HOST: ANDREW GIOVINAZZI, THE OPTION PIT MIAX HOT SEAT: SIMON HO, T3 INDEX MIAX HOT SEAT: PAT HENNESSY, IPS STRATEGIC CAPITAL VOLATILITY REVIEW SEGMENT MARKETS DOWN SLIGHTLY AFTER A STRONG WEEK - RALLIED FOR MOST OF THE WEEK UNTIL TODAY IMPEACHMENT FEARS ARE BEHIND US APPARENTLY PANDEMIC FEARS ARE APPARENTLY ALSO BEHIND US NOTHING HAS BEEN ABLE TO UNSEAT THIS PHENOMENAL RALLY IN U.S. EQUITIES. NOT A TRADE WAR. NOT A PANDEMIC. NOT ASSASSINATIONS. NOTHING. EXPLORING WHY FIFTY CENT HASN'T CLOSED MORE OF HIS VIX OPTIONS POSITION SPIKES: 14.60 - DOWN .4 FROM LAST SHOW VIX CASH: 14.2 - DOWN .8 FROM LAST SHOW VVIX: 98.3 - UP 3.3 PTS FROM LAST SHOW HOT VOLATILITY POSITIONS AND TRADES SPIKES VIX OPTIONS VXX CRYSTAL BALL WHERE WILL VIX/SPIKES BE NEXT WEEK? MARK: 15.25 ANDREW: 14.85 SIMON: 14.5/14.65 PAT: 13.5

Volatility Views 387: Pandemics, Fifty Cent, Lawsuits and more On this episode, Mark & Mark discuss: The market is shrugging off pandemic concerns. Interesting options activity in VIX and Spikes. Evolution of the VIX futures curve Why bother with wide verticals in VIX? The delicate dance of fading VXX Earnings volatility palooza in CBOE, GRUB, and more. VOLATILITY VOICEMAIL: We answer your questions about VIX lawsuits, Fifty Cent and more. THE CRYSTAL BALL We give our picks for future volatility.

Volatility Views 386: A Volatility Tornado Watch HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP CO-HOST: MARK SEBASTIAN, THE OPTION PIT MIAX HOT SEAT: JOHN SMOLLEN, MIAX EXCHANGE GROUP MIAX HOT SEAT: SIMON HO, T3 INDEX VOLATILITY REVIEW SEGMENT GOOD EARNINGS TRUMPED BY MACRO FEARS OF A GROWING PANDEMIC: TSLA, APPLE, AMAZON BLOW THE DOORS OFF BUT IT'S NOT ENOUGH TO RALLY THE MARKET IN THE FACE OF GROWING CORONAVIRUS FEARS. FIDDY CENT CERTAINLY LOOKS PRETTY PRESCIENT RIGHT NOW SPIKES: 19.25 - UP 3.75 FROM LAST SHOW VIX CASH: 19.25 - UP NEARLY 4 FROM LAST SHOW VVIX: 105 - UP NEARLY 7.5 PTS FROM LAST SHOW HOT VOLATILITY POSITIONS AND TRADES SPIKES VIX OPTIONS VXX CRYSTAL BALL WHERE WILL VIX/SPIKES BE NEXT WEEK? MARK: 17.75? MEATBALL: 18.50? SIMON: 19.50?

VV 385: Pandemic Volatility - Fears of a pandemic out of China spark the first major selloff of the new decade. - Surprisingly wide markets in VIX options - Forget FANG...it's all about MAGA - MSFT, AAPL, GOOGL & AMZN - October VIX futures are insanely overpriced and need to be sold immediately - Fiddy Cent gobbling up more VIX calls this week - The joys of ratio put spreads in VIX - VXX can be an infuriating mistress - Our Quarterly Earnings Volatility Breakdown - Who is winning and losing earnings season so far? - Is $AAPL earnings volatility too cheap? - Plus your questions about August VIX options, our Crystal Ball Picks and more...

Volatility Views 384: Return of FiddyCent...and The Wiggles!!!! On today's episode, Mark, The Rock Lobster and special guest Simon Ho of T3 Index discuss: The crazy VIX futures curve Why SPIKES and VIX have disassociated The explosive return of Fiddy Cent The mysteries of SPX market maker delta hedging Funky long-term VXX puts and much more...

Volatility Views 383: Dubious 1x2 VXX Spreads Plus Your VIX Picks HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP CO-HOST: ANDREW GIOVINAZZI, THE OPTION PIT VOLATILITY REVIEW SEGMENT MIDDLE EAST TENSIONS CAN'T STOP THE BULL: MARKETS HIT NEW HIGHS AGAIN TODAY SPIKES: 12.5 - DOWN 1 FROM LAST SHOW VIX CASH: 12.35 - DOWN .9 FROM LAST SHOW VVIX: 87.25 - DOWN NEARLY 4 PTS FROM LAST SHOW HOT VOLATILITY POSITIONS AND TRADES SPIKES VIX OPTIONS VXX VOLATILITY VOICEMAIL QUESTION FROM DAVID LINCOLN: @OPTIONS $VXX 21FEB 13/14 1BY2 PUTSPEAD TRADES 16,000X32,000 TRADES EVEN MONEY CUSTOMER BUYS THE 14 PUT... THOUGHTS? @OPTIONVOL @PAT_HENNESSY @OPTIONPIT THIS TRADED ON THE OPEN THIS MORNING. ALSO 21FEB 12/13 PUT 1X2 TRADE LIKE 2 HOURS LATER 5000X1000 CRYSTAL BALL TIME TO PLAY ALONG W/ #VOLATILITYVIEWS AND DUST OFF YOUR #CRYSTALBALL. QUITE SIMPLY – WHERE DO YOU THINK $VIX WILL CLOSE FOR 2020? BONUS POINTS: REPLY/DM/EMAIL W/ YOUR SPECIFIC PICK. CLOSEST (MUST BE WITHIN 1PT TO QUALIFY) WILL WIN #FABULOUSPRIZES. WHERE WILL VIX/SPIKES BE NEXT WEEK? MARK: 12.15? ROCKLOBSTER: 11.37?

VV 382: ASSASSINATION VOLATILITY The new year is off with a bang (sort of) as the markets grapple with the latest wave of headline risk. We break it all down, answer a whole slew of listener questions and attempt to nail down $VIX and Spikes for the end of the year.

Volatility Views 381: The Dark Side Has Yet To Reveal Itself HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP CO-HOST: ANDREW GIOVINAZZI, THE OPTION PIT VOLATILITY REVIEW SEGMENT IMPEACHMENT - THE MARKET COULDN'T CARE LESS TRADE WAR - APPARENTLY EVERYTHING IS ON THE RIGHT TRACK SPIKES: 12.25 - DOWN 1.05 FROM LAST SHOW VIX CASH: 12.2 - DOWN 1 FROM LAST SHOW VVIX: 98.25 - DOWN 2.75 PTS FROM LAST SHOW HOT VOLATILITY POSITIONS AND TRADES SPIKES VIX OPTIONS VXX VOLATILITY VOICEMAIL QUESTION FROM morisboris: @Options Hello and a follow for you. If I may ask a question. Is there a site I can look to see what options are open call or puts on a certain equity? Tia OUR AUDIENCE IS MIXED ON SVIX COMMENT FROM ELLEN: I think the new SVIX product will be vaporware. I have no idea why it's getting so much ink. COMMENT FROM JVIZ: No way this new $XIV thing gets approved. These guys just want attention. QUESTION FROM IAN MADDEN: Do you really think this new inverse volatility product has a chance of becoming a reality? QUESTION FROM VINTER: How can a startup have a chance where barclays failed? How can they possibly have the capital to bankroll another market meltdown when barclays couldn't weather the storm? COMMENT FROM JAIDEN: Can't wait for the new XIV to hit my trading screens. I've missed fading all that juicy volatility. COMMENT FROM CHRISTIAN GARCIA: Put me down for a ten lot when $SVIX starts trading. Long-term call obviously. CRYSTAL BALL WHERE WILL VIX/SPIKES BE NEXT WEEK? MARK: 11.55? ROCKLOBSTER: 12.75?

Volatility Views 380: The Long Shadow of XIV HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP CO-HOST: MARK SEBASTIAN, THE OPTION PIT VOLATILITY REVIEW SEGMENT MARKETS MIXED AFTER EARLY TRADE DEAL, BREXIT VOTE SPIKES: 13.3 - DOWN .95 FROM LAST SHOW VIX CASH: 13.2 - DOWN .3 FROM LAST SHOW VVIX: 101 - UP 6.5 PTS FROM LAST SHOW NEW XIV IN THE WORKS? Ghost of XIV Rises: A New Short Vol Product Is in the Pipeline HOT VOLATILITY POSITIONS AND TRADES SPIKES VIX OPTIONS VXX VOLATILITY VOICEMAIL QUESTION FROM RUNTHROUGH: It sounds like you guys are down on UVXY and for good reasons. Last week's guest didn't exactly raise my hopes. Is there anything they could do to get you back into the fold? QUESTION FROM MIGS: Will we ever see XIV again? QUESTION FROM TROMS: Will there ever be a way to buy just the $VIX index itself as an etf or something rather than just futures? COMMENT FROM MARS: Happy holidays to the vol views crew. You guys always wrap up my week in style. Here's to a great next decade of volatility. CRYSTAL BALL WHERE WILL VIX/SPIKES BE NEXT WEEK? MARK: 12.25? SEBASTIAN: 13.25?

Volatility Views 379: Algo Action and Futures Fun HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP CO-HOST: ANDREW GIOVINAZZI, THE OPTION PIT MIAX HOT SEAT GUEST: SIMON HO, CEO, T3 INDEX MIAX HOT SEAT GUEST: SHELLY BROWN, EXECUTIVE VP, MIAX VOLATILITY REVIEW SEGMENT MARKETS GETTING A LIFT TO END THE WEEK AFTER TRADE WAR PESSIMISM SPOOKED MARKETS AND BOOSTED VOLATILITY MOST OF THIS WEEK OPEC DECIDING TO EXTEND AND DEEPEN CUTS AHEAD OF THEIR IPO SPIKES: 14.25 - UP .85 FROM LAST SHOW VIX CASH: 13.5 - UP .85 FROM LAST SHOW VVIX: 94.5 - UP .5 PTS FROM LAST SHOW SUSPENSION OF SPIKES FUTURES - WHAT HAPPENED MIAX TRADING RESULTS FOR NOVEMBER 2019 HOT VOLATILITY POSITIONS AND TRADES SPIKES VIX OPTIONS VXX VOLATILITY VOICEMAIL QUESTION FROM Michael Smith: I've been looking more at Skew lately. Looking at a single stock you can see it easily. Do you guys have a recommendation for comparing across instruments? i.e. a formula? CRYSTAL BALL WHERE WILL VIX/SPIKES BE NEXT WEEK? MARK: 12.75? ROCKLOBSTER: 12.74? SIMON: 13?

Volatility Views 378: Massive Bets, Spikes Futures and...Cybertruck HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP CO-HOST: MARK SEBASTIAN, THE OPTION PIT MIAX HOT SEAT GUEST: SIMON HO, CEO, T3 INDEX VOLATILITY REVIEW SEGMENT TRADE WAR PESSIMISM SPOOKING MARKETS AND LIFTING VOLATILITY MOST OF THIS WEEK VOL DOWN TO END THE WEEK SPIKES: 13.4 - UP .5 FROM LAST SHOW VIX CASH: 12.65 - UP .35 FROM LAST SHOW VVIX: 94 -UP 2.5 PTS FROM LAST SHOW SPIKES FUTURES - THEY ARE HERE! HOT VOLATILITY POSITIONS AND TRADES SPIKES VIX OPTIONS VXX VOLATILITY VOICEMAIL QUESTION FROM itzsleepy: With today's bad economic data; fed spending 150B on Repo operations per day. Powell staring we don't have tools to combat a downturn without fiscal policy. Trade war with China uncertainty. Wouldn't it make sense for volatility Being severely under priced due to SpX jumping massively since Trump tweeted on oct 11 trade deal complete COMMENT FROM 1328: Glad to have more players in the volatility futures game. Looking forward to my first trade. QUESTION FROM AMBROSE: Where can I get volume data for spikes futures? QUESTION FROM TRIGG3R: Thx for the show. Question for the miax hot seat guest - Are there any issues with trading options cleared by OCC against futures cleared by CME Group. I want to make sure I have all my ducks in a row before I start trading this product. CRYSTAL BALL WHERE WILL VIX/SPIKES BE NEXT WEEK? MARK: 12.95? MEATBALL: 11.6? SIMON: 12.4?

Volatility Views 377: The Great Volatility Shock Absorber HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP CO-HOST: MARK SEBASTIAN, THE OPTION PIT MIAX HOT SEAT: DAVID LINCOLN, VIX CRUSH VOLATILITY REVIEW SEGMENT TRADE WAR OPTIMISM BOOSTING MARKETS MOST OF THIS WEEK VOL MIXED TO END THE WEEK SPIKES: 12.9 - DOWN .8 FROM LAST SHOW VIX CASH: 12.3 - DOWN .2 FROM LAST SHOW VVIX: 91.5 -UP 2.5 PTS FROM LAST SHOW VIX FUTURES CURVE: STILL IN CONTANGO SPIKES FUTURES: WE'LL HAVE THEM LISTED BY NEXT EPISODE HOT VOLATILITY TRADES VIX OPTIONS VXX VOLATILITY VOICEMAIL QUESTION FROM ITZSLEEPY: Can you guys comment on VIX calls on Nov 20, 2019? How it would play with vxx happening in the volatility space with insurance companies moving from leaps into shorter-duration hedges for their vol exposure? QUESTION FROM VINCE: Why do you refer to $SVXY and $UVXY as "neutered"? Thanks for answering my question and for putting on this show every week. You're the best in the biz. CRYSTAL BALL WHERE WILL VIX/SPIKES BE NEXT WEEK?\ MARK: 12.15 MEATBALL -11.6 DAVE - 13

Volatility Views 376: Bermuda by Way of Chicago HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP CO-HOST: MARK SEBASTIAN, THE OPTION PIT MIAX HOT SEAT: John Smollen, The MIAX Exchange Group T3 HOT SEAT: SIMON HO, T3 INDEX VOLATILITY REVIEW SEGMENT Miami International Holdings, Inc. (MIH), the parent holding company of the MIAX®, MIAX PEARL® and MIAX Emerald™ options exchanges (the MIAX Exchange Group™), and the Bermuda Stock Exchange (BSX) today announced that MIH has acquired a controlling interest in the BSX. TRADE WAR OPTIMISM BOOSTING MARKETS MOST OF THIS WEEK VOL MIXED TO END THE WEEK SPIKES: 13.75 - UP .25 FROM LAST SHOW VIX CASH: 12.5 - UNCHD FROM LAST SHOW VVIX: 89 -UP NEARLY 4 PTS FROM LAST SHOW VIX FUTURES CURVE: STILL IN CONTANGO SPIKES FUTURES: RESPONSE FROM FIA ATTENDEES TO SPIKES FUTURES? EARNINGS VOLATILITY: DIS HOT VOLATILITY TRADES VIX OPTIONS VXX VOLATILITY VOICEMAIL QUESTION FROM CURRANT: Do the zero commissions for options also extend to vol products like VIX and spikes? QUESTION FROM ELI: Does T3 have any models it can share depicting how viking future would look right now vs. traditional VIX futures term structure? QUESTION FROM LAWRENCE T.: Lots of talk in energy space about how institutional hedging has shifted from back months to front calendar year for producers. Do we ever envision something similar happening in the volatility space with insurance companies moving from leaps into shorter-duration hedges for their vol exposure? CRYSTAL BALL WHERE WILL VIX/SPIKES BE NEXT WEEK? MARK: 12.25 MEATBALL: 11.75 SIMON: 13, 13.25

VV 375: We've Seen Stupider Stupids HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP CO-HOST: MARK SEBASTIAN, THE OPTION PIT VOLATILITY REVIEW SEGMENT S&P 500, Nasdaq hit new records after October jobs numbers beat expectations SPIKES: 13.50 - UNCHD FROM LAST SHOW VIX CASH: 12.5 - DOWN .5 FROM LAST SHOW VVIX: 85.2 - UP 1.2 FROM LAST SHOW VIX FUTURES CURVE: STILL IN CONTANGO SPIKES FUTURES EARNINGS VOLATILITY HOT VOLATILITY TRADES VIX OPTION VXX VOLATILITY VOICEMAIL QUESTION FROM HEATHER: Since you guys don't like TVIX what else do you recommend? QUESTION FROM ELI: Is there one strategy that is the silver bullet in vxx that works over the others. Should I really just buy 1yr plus puts and then set it and forget it? Seems like anything much shorter term is a bit of a crap shoot. QUESTION FROM 78RT: What's the real set-it-and-forget-it vol trade? VXX long-term puts? QUESTION FROM OPTIONSGAME: What kind of IV should we expect from CMEGroup options on bitcoin futures? CRYSTAL BALL WHERE WILL VIX/SPIKES BE NEXT WEEK? MARK: 12.55 MEATBALL - 13.07

VV 374: The Great Earnings Volatility Breakdown HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP CO-HOST: MARK SEBASTIAN, THE OPTION PIT MIAX HOT SEAT CO-HOST: MATT AMBERSON, ORATS VOLATILITY REVIEW SEGMENT EARNINGS/TRADE WAR/BREXIT OPTIMISM IS BACK SPIKES: 13.50 - DOWN 1.1 FROM LAST SHOW VIX CASH: 13.0 - DOWN 1.6 FROM LAST SHOW VVIX: 84 - DOWN 6 PTS FROM LAST SHOW VIX FUTURES CURVE: STILL IN CONTANGO SPIKES FUTURES EARNINGS VOLATILITY HOT VOLATILITY TRADES SPIKES OPTIONS VIX OPTION VXX VOLATILITY VOICEMAIL QUESTION FROM PATRIC: If I want to buy an option during earnings season should I buy it early or right before the announcement? QUESTION FROM DISL: Does VIX really have a skew? CRYSTAL BALL WHERE WILL VIX/SPIKES BE NEXT WEEK? MARK: 13.55 MEATBALL - 12.67 MATT - 12

VV 373: The Wheel of Volatility Decisions HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP CO-HOST: MARK SEBASTIAN, THE OPTION PIT MIAX HOT SEAT CO-HOST: JOHN SMOLLEN, MIAX EXCHANGE GROUP. SPECIAL GUEST CO-HOST: ERIC METZ, SPIDERROCK ADVISORS VOLATILITY REVIEW SEGMENT EARNINGS/TRADE WAR/BREXIT OPTIMISM HAS STALLED SPIKES: 14.60 - DOWN 1.9 FROM LAST SHOW VIX CASH: 14.60 - DOWN 1.8 FROM LAST SHOW VVIX: 91 - DOWN 4 PTS FROM LAST SHOW VIX FUTURES CURVE: STILL IN CONTANGO SPIKES FUTURES Volatility Index SPIKES Futures are expected to launch on MGEX on November 18, 2019, subject to Commodity Futures Trading Commission (CFTC) approval. SPIKES Futures will be available on MGEX via the CME Globex platform, providing the SPIKES Futures product with significant distribution from day one. HOT VOLATILITY TRADES SPIKES OPTIONS VIX OPTION VXX EARNINGS VOLATILITY NFLX IBM VOLATILITY VOICEMAIL QUESTION FROM LL07: I found the comments by Simon Ho on the last episode somewhat alarming. The exchange needs to get approval from regulators to offer tied trades to customers? Can't a broker simply quote a tied trade using combos? Why do they need regulatory approval for tied trades after the options are already approved? What am I missing? QUESTION FROM ENCARTO: Am I better off buying a $SPY put or a $VIX call to hedge my portfolio? COMMENT FROM TOM BRENTON: I think the upcoming spikes futures will be interesting. Looking forward to trading them against the options. CRYSTAL BALL WHERE WILL VIX/SPIKES BE NEXT WEEK? MARK: 14.65 MEATBALL: 13.85 ERIC: 14.80

VV 372: Crazy Rolls and Pathetic Volatility Rallies HOST: MARK LONGO, OPTIONS INSIDER MEDIA GROUP CO-HOST: ANDREW GIOVINAZZI, OPTION PIT MIAX HOT SEAT CO-HOSTS: John Smollen - Executive Vice President, Head of Exchange Traded Products and Strategic Relations - MIAX Exchange Group. SIMON HO, CEO, T3 INDEX VOLATILITY REVIEW SEGMENT ALL IS RIGHT WITH THE MARKET AGAIN - MARKETS FIRMLY IN RALLY MODE AS TRADE WAR OPTIMISM AND FED BALANCE SHEET LOVE DRIVING UP MARKETS SPIKES 16.5 VIX CASH 16.40 VVIX 95 WHICH VOLATILITY TRADES, TRENDS OR DEVELOPMENTS CAUGHT YOUR EYE THIS WEEK? HOT VOLATILITY TRADES SPIKES OPTIONS VIX OPTION VXX VOLATILITY VOICEMAIL QUESTION FROM Erik Norstedt: Hi Mark, Great show! With some of the major brokers offering no trading fees do you think this will lead to an increase in volatility since traders can trade more? QUESTION FROM TALOS: Do they have the specs yet for the spikes future? RELATED QUESTION FROM LH65: How far out will I be able to trade spike futures? How do you expect the term structure to shape up. Thx for this program. You guys are the best. CRYSTAL BALL WHERE WILL VIX/SPIKES BE NEXT WEEK? MARK: 16.65 ANDREW: 14.92 SIMON: 16.2

Host: Mark Longo, The Options Insider Media Group Co-Host: Mark Sebastian, Option Pit VOLATILITY REVIEW Update on the latest trades, trends and developments in the world of volatility including: ALL IS RIGHT WITH THE MARKET AGAIN VIX cash, Spikes,VIX Futures and VVIX overview. Spikes options breakdown - 18- UNCHD. FROM LAST SHOW VIX cash - 17.75 - UP .25 FROM LAST SHOW VVIX - 96 - DOWN NEARLY 8 PTS FROM LAST SHOW VIX Futures Curve - STILL IN CONTANGO And much more… VOLATILITY VOICEMAIL QUESTION FROM TINTIN:Why do you the market isn't pricing in more volatility as a result of the saudi oil attacks? COMMENT FROM SIDELOASD: I found that vxst/vix ratio discussed on last show extremely interesting. Thank you. QUESTION FROM JERRY BANKS: Do you have any insight into whether cboe will ever bring back rvx? I miss that product. THE CRYSTAL BALL Where will VIX/SPIKES be next week? MARK: 16.65 MEATBALL: 15.79

Host: Mark Longo, The Options Insider Media Group MIAX Hot Seat Co-Host: Shelly Brown - Executive Vice President, MIAX Exchange Group Co-Host: Andrew Giovinazzi, Option Pit Guest Co-Host: Brian Overby - Senior Options Analyst, Ally Invest VOLATILITY REVIEW Update on the latest trades, trends and developments in the world of volatility including: MARKET SELLING OFF AGAIN OVER MORE CHINESE / U.S. TENSIONS VIX cash, Spikes,VIX Futures and VVIX overview. VIX options breakdown - LIGHT VOLUME WEEK Spikes options breakdown - 18- UP OVER 4 FROM LAST SHOW VIX cash - 17.5 - UP APPROX. 3.5 FROM LAST SHOW VVIX - 104 - UP NEARLY 4 PTS FROM LAST SHOW VXX - 24.3 - UP 1.3 FROM LAST SHOW VIX Futures Curve - STILL IN CONTANGO And much more… SPIKES FUTURES HERE WE GO! WE HAVE A LAUNCH DATE! Volatility Index SPIKES Futures are expected to launch on MGEX on November 18, 2019, subject to Commodity Futures Trading Commission (CFTC) approval. SPIKES Futures will be available on MGEX via the CME Globex platform, providing the SPIKES Futures product with significant distribution from day one. BIG VOLATILITY WAGERS HIT MARKETS At least one options investor dished out $4.3 million for bullish bets on the VIX that would pay out if the gauge jumped to 23 by October, a huge advance from its current level, according to data provider Trade Alert. Another large trade would pay out if the gauge jumped to 25, a level it hasn't closed at since early January. VOLATILITY VOICEMAIL QUESTION FROM IRL8: Do brokers charge more to trade VIX and volatility products? QUESTION FROM CO54: Does this notion of having approval levels for vol etps have legs? THE CRYSTAL BALL Where will VIX/SPIKES be next week? MARK: 17.55 ROCK LOBSTER: 9.97 BRIAN: 20

Host: Mark Longo, The Options Insider Media Group MIAX HOT SEAT CO-HOST: John Smollen - Executive Vice President, Head of Exchange Traded Products and Strategic Relations - MIAX Exchange Group Co-Host: Mark Sebastian, Option Pit VOLATILITY REVIEW Update on the latest trades, trends and developments in the world of volatility including: MARKETS UNCHD TO END THE WEEK AFTER STRONG RALLIES. VOLATILITY DOWN ACROSS THE BOARD. VIX cash, Spikes,VIX Futures and VVIX overview. VIX options breakdown - mild volume week Spikes options breakdown - 14.20 - DOWN 1.65 FROM LAST SHOW VIX cash - 13.90 - DOWN 1.6 PTS FROM LAST SHOW VVIX - 99.5 - UP 2.5 PTS FROM LAST SHOW VIX Futures Curve - BACK TO (SOMEWHAT) NORMAL CONTANGO And much more... VOLATILITY VOICEMAIL QUESTION FROM LLJJ: Did those pricey VXX puts really work out when you factor in the vol implosion in that product over the past few weeks? QUESTION FROM ELLIOT: Fun program. Like the spikes inclusion. Question - I've hear Mr. Longo mention that there might be options "lurking in the book" before on the show. What does this mean? What book? Thanks and love the show. QUESTION FROM NICK JOHNSON: You feeling the volfefe index? THE CRYSTAL BALL Where will VIX/SPIKES be next week? MARK: 14.25/ VOLFEFE 6 GREASY Meatball: 13.14?

Host: Mark Longo, The Options Insider Media Group MIAX HOT SEAT CO-HOST: Dave Lincoln, The Short Vol Show Co-Host: Andrew Giovinazzi, Option Pit VOLATILITY REVIEW Update on the latest trades, trends and developments in the world of volatility including: JUDGING BY THE VOLATILITY MARKET YOU'D NEVER KNOW THAT WE HAD A HISTORIC ATTACK ON THE OIL INFRASTRUCTURE THIS WEEK. VIX cash, Spikes,VIX Futures and VVIX overview. VIX options breakdown - decent volume week Spikes options breakdown - 13.95 - DOWN .25 FROM LAST SHOW VIX cash - 13.90 - ALMOST EXACTLY UNCHD FROM LAST SHOW VVIX - 96.5 - DOWN 3 PTS FROM LAST SHOW VIX Futures Curve - STILL IN CONTANGO. FROM MATT THOMPSON: Spot $VIX "gravity" on VIX futures does not get stronger when the curve is steep. In fact, the opposite. Why? Because steep curve = a lot of time to expiration. and "gravity" has the greatest effect when a future is close to expiration And much more... THE CRYSTAL BALL Where will VIX/SPIKES be next week? MARK: 14.25 ROCK LOBSTER: 13.59 DAVE LINCOLN: 12:08

Host: Mark Longo, The Options Insider Media Group MIAX Hot Seat Co-Host: Simon Ho, Ceo, T3 Index Co-Host: Mark Sebastian, Option Pit VOLATILITY REVIEW Update on the latest trades, trends and developments in the world of volatility including: Strong rallies to end the week as trade war optimism shifts back into focus. VIX cash, Spikes,VIX Futures and VVIX overview. VIX options breakdown - mild volume week Spikes options breakdown - 15.85 - Down 5.4 PTS from last show VIX cash - 15.50 - Down 5.1 PTS from last show And much more... VOLATILITY VOICEMAIL QUESTION FROM DANC: Whatever happened to that tradeable vix cash product? Flame out? QUESTION FROM ANDREW89: Do you guys also think that volatility futures are downplaying the possibility of december volatility? It's one of the cheapest months on the board and also one of the most volatile recently. THE CRYSTAL BALL Where will VIX/SPIKES be next week? MARK: 14.65? Meatball: 14.12? SIMON: 15.5?

Host: Mark Longo, The Options Insider Media Group Co-Host: Mark Sebastian, Option Pit VOLATILITY REVIEW Update on the latest trades, trends and developments in the world of volatility including: China kicks the trade war back into high gear: major indices down over 2% across the board. VIX cash, Spikes,VIX Futures and VVIX overview. VIX options breakdown - crazy volume week Spikes options breakdown - 21.25 - UP APPROX. 1.5 PTS FROM LAST SHOW VIX cash - 20.60 - UP 4PTS TODAY AND UP 2PTS FROM LAST SHOW And much more... VOLATILITY VOICEMAIL QUESTION FROM NELY: Why do you guys hate $TVIX so much? QUESTION FROM TRADECAP: Seems like bullish risk reversals are the savvy play right now in volatility. Downside is limited - particularly if you sell put spreads - and the upside is unlimited. Why don't you talk about these more on your show? QUESTION FROM ORLND3: I trade my volatility almost exclusively through spy verticals and iron flies. Am I missing something by not having that vix or spikes exposure? COMMENT FROM j3dingle: Dear Mark, Have you ever had the managers of the ABR Mutual Fund ABRSX on Vol Views? If not, maybe they would be a good guest? Thanks, Joseph THE CRYSTAL BALLWhere will VIX/SPIKES be next week? MARK: 19.30 Meatball: 18.50

Host: Mark Longo, The Options Insider Media Group Co-Host: Mark Sebastian, Option Pit MIAX Hot Seat Guest: Shelly Brown, EVP, Miax Options Guest Co-Host: Simon Ho, CEO, T3 Index VOLATILITY REVIEW Update on the latest trades, trends and developments in the world of volatility including: What the heck is happening this week? VIX cash, Spikes,VIX Futures and VVIX overview. VIX options breakdown - strong volume week Spikes options breakdown - Massive 1x2 roll Why does the premium evolve between SPIKES and VIX? And much more... VOLATILITY VOICEMAIL COMMENT FROM HATTIME: $6 for a Jan ATM put in VXX? I don't think so. COMMENT FROM APROPOSS0:Love the show. Checked out the VXX downside after your recent episodes. Damn is that sh$t expensive! How can you make money buying that stuff QUESTION FROM ALLISON: What do you guys think of the MOVE index as a measure of volatility? THE CRYSTAL BALLWhere will VIX/SPIKES be next week? MARK: 18.50 Meatball: 16.75 SIMON: 17.33

Host: Mark Longo, The Options Insider Media Group Co-Host: Mark Sebastian, Option Pit MIAX Hot Seat Guest: Henry Schwartz, Trade Alert VOLATILITY REVIEW Update on the latest trades, trends and developments in the world of volatility including: Trade war back in the hot seat. VIX cash, Spikes,VIX Futures and VVIX overview. VIX options breakdown - strong volume week Spikes options breakdown - OI pretty much unchanged from last week VXX options breakdown VOLATILITY VOICEMAIL QUESTION FROM FOLEY: You guys are like swammys with that vvix thing. You call it every time! The second it gets close to 70 it explodes. I think thats the best indicator i've seen in some time. What are the best ways to take advantage of it? Just load up on vix calls? THE CRYSTAL BALL - Where will VIX/SPIKES be next week? Mark: 16.75 Andrew/Meatball: 15.13 Henry: 16.25

Host: Mark Longo, The Options Insider Media Group Co-Host: Mark Sebastian, Option Pit Miax Hot Seat Guest: Russell Rhoads, Tabb Group VOLATILITY REVIEW Update on the latest trades, trends and developments in the world of volatility including: Rally ho on the back of strong earnings VIX cash, Spikes,VIX Futures and VVIX overview. VIX options breakdown - crazy volume week Spikes options breakdown - OI pretty much unchanged from last week VXX options breakdown Earnings volatility breakdown for BYND, AAPL and more... VOLATILITY VOICEMAIL QUESTION FROM TINKER: Do you think there will ever be another inverse volatility product? THE CRYSTAL BALL - Where will VIX/SPIKES be next week? Mark: 15.25 Andrew/Meatball: 17.85 Russell: 18.75

Volatility Views 362: Is the VIX Whale Back? Host: Mark Longo, The Options Insider Media Group Co-Host: Andrew Giovinazzi, Option Pit Miax Hot Seat Guests: Shelly Brown, MIAX Options. VOLATILITY REVIEW Update on the latest trades, trends and developments in the world of volatility including: Rally ho on the back of strong earnings VIX cash, Spikes,VIX Futures and VVIX overview. Has FiddyCent returned to VIX? VIX options breakdown - Decent volume week Spikes options breakdown - OI pretty much unchanged from last week VXX options breakdown Earnings volatility breakdown for AMZN, GOOGL and more... VOLATILITY VOICEMAIL QUESTION FROM SHELTON: I'm sitting on some decent profits in my vxx jan puts (thx to you guys). My query is what do I do now? I'm tempted to sell them out because I'm up over 2X on the position. But my gut says there is more downside to come. However, I know from listening to you guys that an upside blip can happen between now and then which will wipe out all of my gains. What about some fairly cheap Dec or Jan OTM calls as a hedge? Put some of my gains back to work as a way to hedge the position? QUESTION FROM LLL77: What's next for spikes? THE CRYSTAL BALL Mark: 12.25/12.35 Andrew: 11.50 /11.95

Volatility Views 361: Selling ALL August Volatility Host: Mark Longo, The Options Insider Media Group Co-Host: Mark Sebastian, Option Pit Miax Hot Seat Guests: Shelly Brown, MIAX Options. VOLATILITY REVIEW Update on the latest trades, trends and developments in the world of volatility including: VIX cash, Spikes,VIX Futures and VVIX overview. What is going on with Super Tuesday in Spikes options? VIX options breakdown - Fairly light week Spikes options breakdown - Record volume and OI VXX options breakdown Earnings volatility breakdown for Netflix, Microsoft, Goldman Sachs, JPMorgan Chase and more... VOLATILITY VOICEMAIL QUESTION FROM HCTR#: If you could have your ideal vol product what would it be? QUESTION FROM KETCHUMALL: Do 1x2 put spreads work better in VXX or VIX? QUESTION FROM AIDEN: Know you guys are GOT fans. Thought this was an interesting analytical way to look at the show. Maybe this explains the dropoff in quality of the final seasons? THE CRYSTAL BALL MARK - 12.75 MEATBALL - 12.25

Volatility Views 360: Revenge of Contango Host: Mark Longo, The Options Insider Media Group Co-Host: Mark Sebastian, Option Pit Miax Hot Seat Guests: Shelly Brown and John Smollen, MIAX Options. VOLATILITY REVIEW (4:52) Update on the latest trades, trends and developments in the world of volatility including: VIX cash, Spikes and VVIX overview. Return of Contango in VIX Futures -(12:30) What is going on with Super Tuesday in Spikes options? VIX options breakdown Spikes options breakdown VXX options breakdown Bitcoin Volatility breakdown (30 minutes) Earnings volatility breakdown for JPM, C, WFC, NFLX, EBAY, GS and more... Volatility ViewpointThe markets are hitting new highs and equity #Volatility is eroding yet again. So where are you getting your #Volatility fix these days? Energy - WTI, $USO, etc Metals: $GLD, $SLV, etc Crypto: $BTC.x, $ETH.x, Index: $VIX, $SPIKE, $VXX QUESTION FROM GEORGE: What did the spikes folks do to get that sizable 1x2 printed recently? Do you expect any more prints of this magnitude on the horizon? Been evaluating the product and traded my first ten lot recently. Would like to see more big players get involved. Great program. Anything on commodity volatility? QUESTION FROM 45O9: I hear you about the weird discount that we're seeing in dec VIX futures right now. If we see some developments on the international front and vol eventually comes in do you think they'll still keep dec relatively similar to where it is now. I guess I'm asking is if Dec just looks cheap now because the rest of the curve is somewhat elevated. Once that premium is taken out will dec look somewhat expensive by comparison? THE CRYSTAL BALL MARK - 12.75 - 12.80 MEATBALL - 12.20-12.25

VOLATILITY REVIEW SPIKES - 15.85, up 1.35-points from last show VIX Cash - 16, up 2-points from last week VVIX - 87, up 6-points from last show VIX Options - ADV: 411k, Total 6.32M (4.86M Calls, 1.46M Puts) VXX - 26, 1.7-points lower than last week Huge move in Bitcoin futures this week - Big rally and massive selloff today Earnings: Tuesday - FedEx, Lennar Wednesday - General Mills, KB Home, Paychex, Rite Aid Thursday - Nike, Walgreens Boots Alliance Friday - Constellation Brands VOLATILITY VOICEMAIL #QuestionoftheWeek: Let's play a guessing game. Which of the following names has the highest 30-day REALIZED volatility? No cheating. What does your gut tell you? - $TSLA - #BITCOIN - #WTI #CRUDE OIL - $QQQ Question from Litter - Hey Vol dudes love the show. Heard you mention SPX combos on the last show. What are they and why are they so popular? Question from ArPortKey - If we get a trade war deal out of G20 this weekend realistically how much of a hit will vix take on Monday? CRYSTAL BALL Next week: Mark L. - 14.75 Andrew - 13.95

VOLATILITY REVIEW Trade war premium came and want, and now seems to be sticking. SPIKES - 14.50, down 1.25-points from last show VIX Cash - 14.65, down 1-point from last week VVIX - 81, down 3.5-points from last show VIX Options - ADV: 482k, down 200k from last show, Total 5.62m (4.35m Calls, 1.27m Puts) VXX - 26, 1.7-points lower than last show Earnings: Tuesday - Adobe Wednesday - Oracle, Barnes & Noble Thursday - Kroger, Darden Restaurants (Yard House, Capital Grill, Seasons 52, Longhorn Steakhouse, Olive Garden) Friday - Carmax VOLATILITY VOICEMAIL #QuestionoftheWeek: Let's play a guessing game. Which of the following names has the highest 30-day REALIZED volatility? No cheating. What does your gut tell you? $TSLA #BITCOIN #CRUDEOIL #NASDAQ $QQQ #WTI - $TSLA - #BITCOIN - #WTI #CRUDE OIL - $QQQ Question from Lint37 - Do you think the spikes futures will trade similar to the vix futures when they are listed? Question from Mrs T - CRYSTAL BALL

VOLATILITY REVIEW Trade war premium back and forth. SPIKES - 15.65, down 0.35 from last show VIX Cash - 15.65, down 0.35 from last week VVIX - 84.5, unchanged from last show VIX Options - ADV: 482k, Total 8.04m (6.01m Calls, 2.03m Puts) VXX - 27.67, slightly lower than last show Earnings: Tuesday - Dave & Busters Wednesday - Lululemon Thursday - Broadcom VOLATILITY VOICEMAIL Question from Elliot - Looks like BTC is getting very volatile again. What are you seeing out there right now?\ Question from GLN09 - Is there a bitcoin vix? Question from Waterson - Can you explain more about the price dragging method in SPIKES. How exactly does that prevent what happened to the VIX from happening in spikes? Great show guys. Comment from Pyon - ASo the judge ruled that CBOE didn't manipulate their product but they created a product that was susceptible to manipulation. Do you think this is the end of the lawsuits? In some way isn't that outcome even worse since they never fixed this thing until the lawyers came knocking? Just look at all the steps that SPIKES takes to avoid these same types of problems. Is it out of the question to expect CBOE to have taken similar steps or were they too afraid of hurting their golden goose product? CRYSTAL BALL

VOLATILITY REVIEW Guest: John Smollen - Executive Vice President, Head of Exchange Traded Products and Strategic Relations - MIAX Trade war premium came and went… and came back again… then went again. SPIKES - 16, down 2.5-points from last show VIX CASH - 16, 2.5-points lower from last week VVIX - 84.5, 10-points lower than last show VIX Options - ADV: 679k, Total 7.51M Earnings volatility this week Monday - box Tuesday - GameStop, salesforce Wednesday - Stitch Fix, Campbell Soup Company, Vera Bradley, ABM Thursday - Beyond Meat, ciena VOLATILITY VOICEMAIL #Options #QuestionoftheWeek: #Bitcoin $BTC is hovering around $8500 right now. If you had to make a 1-month #options trade expiring 6/31 - would you rather… Quite the range since the last show - broke through $8000 on the downside now back to $8071 29% - Buy $9000 Call 35% - Buy $8000 Put 31% - Sell $8000 Put 5% - Other, reply/dm w/strat Question from Elliot - Looks like BTC is getting very volatile again. What are you seeing out there right now?\ Question from GLN09 - Is there a bitcoin vix? 5-Star review from East Wave - Extremely insightful information delivered by a very knowledgable (and affable) group with great guests on frequent episodes. Great job guys! (miss Don Schlesinger). Question from DElement - I thought the major obstacle for the approval of new vol products was the lack of an underlying future or ETF. That seems to be the case with the nasdaq volatility products. How were the MIAX team able to get their spikes product approved by the sec without an underlying? Is that normal practice? Question from The Mic - Can you ask the MIAX team if there are any plans for ETPs on spikes similar to VXX or SVXY? Thank you very much for your program. CRYSTAL BALL

VOLATILITY VIEWPOINT Guests: Jimmy Heinz - Equity Volatility Trader, Gelber Group & Brendan Carter, Equity Volatility Trader, Gelber Group VOLATILITY REVIEW Trade war - Trump decided China wasn't enough and picked a new trade war with Mexico SPIKES - 18.5, up 2-points from last show. VIX Cash - 18.5, 2.25-points higher than last week. VVIX - 94.5, 2.5-points higher than last show VIX Options - ADV: 708K VXX - 30.5, 2.5-points higher than last week VOLATILITY VOICEMAIL Question from Cap Wulf - Looks like the dark days of VIX are finally over? Thoughts on the outcome? Do you agree with the judges decision? Question from Michael Paige - I've heard your discussions about inverse volatility products and how we probably won't see another one anytime soon. I find myself wondering how you could even construct one of those products int he modern era that would pass regulatory muster? All of them have an embedded function that they can effectively blow out at anytime. How can any provider offer this product without also having to carry so much upside protection that it becomes far too expensive to list. But I don't see regulators allowing anything past them that has an embedded "acceleration event" in their prospectus again. CRYSTAL BALL

VOLATILITY REVIEW Trade war premium came and went… and then came back again! SPIKES - 16.5, up 0.75 from last show VIX Cash - 16.25, up 0.75 from last week VVIX - 92, 3-points lower than last show VIX Options - ADV: 708k, Total 6.62m (4.97m Calls, 1.65m Puts) VXX - 28, unchanged from last show CRYSTAL BALL Next week: Mark L. - 14.75 Mark S. - 14.10 Matt - 13.25

VOLATILITY REVIEW Trade war premium came and went. SPIKES - 15.75, down 4.25-points from last show VIX Cash - 15.5, 4-points lower than last week VVIX - 95, 8-points lower than last show VIX Options - ADV: 668k, Total 10.2m (7.42m Calls, 2.73m Puts) VXX - 28, 2-points lower than last show Earnings Highlights: Thursday - Walmart, Nvidia, Pinterest Friday - John Deere VOLATILITY VOICEMAIL Comment from J3Dingle - I saw on Bloomberg that one of the 20+ Democrats running for president owes UVXY in size in his portfolio. That alone should be a disqualifying factor. Question from T Lima - Heard you guys hitting on 1x2 put spreads in vix. What about VXX? There are lots of juicy puts 1x2s lining up for small outlays and maybe even credits. I'm looking at Dec 28-23 1x2 that I can do for around $.45-$.65. There are similar spreads lining up across the term structure. Also - Do you have a preference to longer term or shorter term when trading 1x2 put spreads in these products? CRYSTAL BALL Next week: MARK: 14.75 Andrew - 14.25 Dave - 16.00

VOLATILITY REVIEW Trade was premium is back as Trump continues to ratchet up the tariffs. SPIKES - 20, up 7-points from last show VIX Cash - 19.5., 7-points higher than last week VVIX - 103, almost 20-points higher than last show VIX Options - ADV: 459k, very low. VXXB - 30.3, 5-points higher than last week, ADV: 167k SPIKES Versus VIX: How to Take Advantage of the Differences - https://www.investorsalley.com/spikes-versus-vix-how-to-take-advantage-of-the-differences-article-jay/ VOLATILITY VOICEMAIL Question from Super Dragon - Is the $VIX curve inverting as bad as the yield curve inverting? Question from Anthony Johnston - I've heard you guys call otm puts bullets before? Where does this come from and why are they called that? CRYSTAL BALL Next week: Mark L. - 13.25 Mark S. - 14.06

VOLATILITY VIEWPOINT Guest: John Smollen, EVP, Head of Exchange Traded Products and Strategic Relations, MIAX Guest: Simon Ho, CEO, T3 Index VOLATILITY VOICEMAIL Comment from Allegheny Lad - Cheers to the listener who said they hedge their VXXB downside with alcohol. I feel their pain and I raise my glass in solidarity. I find a nice Jameson on the rocks seems to "hedge" most effectively - but ymmv. Thanks for your fine program. Question from Charlie C - Quick question for the show - What's the weirdest thing you've seen in the options market? Question from Miller - Hello Volatility Views! Love this show. Is there some sort of volatility summit where the different players in the space get together to discuss the issues in the market, how to address them and what's coming down the road?

VOLATILITY REVIEW SPIKES - 13, up 0.75-point from last show. VIX Cash - 12.75, up 0.5-points higher than last week. VVIX - 84, 1-point lower than last show VIX Options: Friday - 148, ADV - 459k, Total 7.41m (6.19m Calls, 1.22m Puts) VXXB - 25.3, 1.3-points lower than last show. Earnings Highlights: Tuesday - Twitter, Snap Wednesday - FB, Tesla, Microsoft, Boeing, Chipotle, PayPal, WWE Thursday - Amazon, Starbucks, Intel, Grubhub, Mattel VOLATILITY VOICEMAIL #Options #QOTW: $TSLA open interest continues to be dominated by far #OTM "Mystery Puts." The lion's share of the OI is at the 100 strike and below. There are many reasons for this. But it leads to a simple question - do you think $TSLA be below $100 by Jan expiration? - Yes - No Question from Vivic 3 - Now that spikes is live what is the status of the other vol newcomers that have appeared on your show like Voldex and Volx? Question from Benson H - Is there any clear winner for earnings season right now for a volatility trader? Is it short vol or long vol that's winning the day right now? CRYSTAL BALL Two weeks ago: Mark L. - 13.25 Mark S. - 12.37 Next week: Mark L. - 12.75 Mark S. - 12.37