This Week in Futures Options 64: Volatility Explosions Live from S&P 500 Options Pit

Today's special guests are Joe Sullivan & JJ OKeefe, Chicago Capital Markets

Topics this week include:

• S&P/Indexes
• Floor-based execution
• Volatility and skew
  • Listener question: Do e-mini, SPY and SPX skew all line up in the same way?
• Metals: Silver/Gold

Futures Options Feedback: Listeners weigh in

• Question from Chris Thomas: Nick always talks about taking advantage of the skew. Creating a collar, buying the underlying, selling a call with high vol and buying cheap put protection or doing the opposite of that trade if the put has higher vol. I don't have as much experience with futures as I do indices, but "taking advantage of the skew" using spy for example would certainly have lost a ton of money over the past few years (if you shorted stock, sold puts and bought calls). I am definitely leaning more towards selling spreads on the side with high skew in futures because that has made a ton of money over the past few years in SPY and I don't seem to be making money on these collars. Any opinion on this? Anyways, thanks for everything you do and thank Nick for the awesome software.