The Spread – “Florida Man” Edition – 11/30
Spencer Doar
Associate Editor
The Spread is sponsored by MIAX.
Sadly, it appears no one had a funny VIX-related sign at a sporting event this week, but never fear, there’s plenty of content in this edition of “The Spread” – the Florida options trading firm blow-up, volatility products in Israel, (non-Keanu) Matrix news, and more!
The following are links to the stories referenced in this week’s episode:
Tampa Bay Business Journal -> Ohio law firm preps claims for Tampa investment firm clients who lost millions
Bloomberg -> Broker Seeks Millions From Wiped-Out OptionSellers Clients
Youtube -> James Cordier – Full apology video
Twitter -> OCC Annual Volume Record
JLN -> Saliba’s Execution Fight Gears Up
Press Release -> The Tel Aviv Stock Exchange Will Launch A Volatility Index – VTA35 Index
MIAX -> MIAX Options to List and Trade Options on SPIKES Index, Emerging as New Competitor in Volatility Market
Produced by Mike Forrester
John Lothian Newsletter
Today's Newsletter
London Stock Exchange to abandon lossmaking derivatives venture
First Read $53,406/$300,000 (17.8%) ++++ Hits & Takes John Lothian & JLN Staff The London Stock Exchange has given notice that CurveGlobal is to be closed effective Friday, the 28th of January, 2022. CurveGlobal's CEO Andy Ross had this to say on LinkedIn...
We visit more than 100 websites daily for financial news (Would YOU do that?)
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Multiple options expirations add to September market gyrations; Who are the smartest traders in the room?; Strike price pick no simple matter; The Spread – September 17, 2021
– Options markets take a bumpy ride ahead of simultaneous options and futures expirations;
– John’s Take looks at why it’s the smartest traders in the room who trade options;
– Two crucial concepts in strike price choices with Jermal Chandler in the Term of the Week.
GameStop disappoints; Coinbase gets into it with the SEC; Cboe offers Europe options; MIAX Spikes a record; John’s Take on CBOE’s Phil Slocum’s passing and a great moment in options history; and how to execute a strangle — The Spread — September 10, 2021
– Options markets get ready for fall’s chill as equity prices consolidate; Another perspective on small investors;
– John’s Take pays homage to an options veteran and looks at a moment in options market history;
– Pros and cons of using options strangles with Jermal Chandler in the Term of the Week.
Options Traders Brace for Fall; OCC Sets Record; John’s Take on Financial Journalists; Straddling Uncertainty – The Spread – September 3, 2021
In this week’s options news: Delta variant dents U.S. jobs data; Will fall bring a further equity market correction?; Options volume robust despite dog days of August; Cboe and Nasdaq post near tie for most options traded; A tribute to a departing crypto journalist in John’s Take; and Jermal Chandler explores the use case for straddles in the options “Term of the Week.”
Fed’s Powell Takes Center Stage; New Company Offers Options Solutions; Explaining Volatility Skew – The Spread – August 27, 2021
In this week’s options news, the Fed’s Jackson Hole pronouncements placate the markets; meme stocks take off on a lark; volatility skew rises as traders remain divided; bitcoin and ethereum options hunker down ahead of expiration and Eurex plans to launch a first; John’s Take looks at a new options business with seasoned players; And Jermal Chandler kicks off this week’s options “Term of the Week” with the important concept of volatility skew.
