The tastytrade network

Tim Knight starts the Last Call reviewing his expectations for the market - he is extremely short, and explains his reasons using charting techniques in prophet charts. Tom and Tony join, discussing how commodities are finally working in their favor, and talking about their "best short on the board". Tom is more bearish headed into earnings season, and thinks we are finally starting to see real selling.

Tim Knight starts the Last Call reviewing his expectations for the market - he is extremely short, and explains his reasons using charting techniques in prophet charts. Tom and Tony join, discussing how commodities are finally working in their favor, and talking about their "best short on the board". Tom is more bearish headed into earnings season, and thinks we are finally starting to see real selling.

ShadowTrader Uncovered - October 7, 2014 - Where Is Oil Headed?

How important is it to know your portfolio moves intraday and what is driving the directional moves? Tom reminds Case that it's silly to micromanage every single delta move or every single greek in the account. However, he stresses the importance of knowing what's driving your portfolio. How important is it to adjust your portfolio for every 1% move? Tom and Case tackle questions regarding knowing how to adjust and understand your portfolio and your positions and the importance of knowing if they are working the way you want them to.

How important is it to know your portfolio moves intraday and what is driving the directional moves? Tom reminds Case that it's silly to micromanage every single delta move or every single greek in the account. However, he stresses the importance of knowing what's driving your portfolio. How important is it to adjust your portfolio for every 1% move? Tom and Case tackle questions regarding knowing how to adjust and understand your portfolio and your positions and the importance of knowing if they are working the way you want them to.

Ask SLM - October 7, 2014

Slim spotlights 10 stocks effected by recent news. Stocks include: AAPL, GTAT, Z, GM, HMC, F, TIF, RIO, CAT and JOY. Slim ends the segment with caller Baz who wants Slim's opinion on GLD, GDX and /SI.

At a viewer's request, Slim explains the Hull Moving Average, a weighted smoothed average with signals. Slim then compares it to a Simple Moving Average and a Exponential Moving Average on the SPX. Slim then shows the SMA Crossover and compares it to the Hull MA on /CL, /SI, GPRO and the RUT. The Results are impressive.

Stocks resume their downward move as German Industrial output dives. The IMF lowers German, Euro and world growth. Ebola shows up in Spain. ISIS fighting reaches Turkish border. Cost cutting at Walmart gives a mid-day lift to market but then drops to new lows.

Tony and Katie look for trade opportunities in DE, IWM and SPY. John Deere has been beat up recently with a high IV Rank, so it looks like a perfect opportunity to get long by shorting a Naked Put. However, it takes up more buying power than the team would like, but when they add the purchase of a Put to for a Spread, they find they can't collect enough credit. In IWM, Katie and Tony aim to create a skewed to the upside Iron Condor. It is up to Katie to determine how risky she wants to play it: collect more premium or have a higher Probability of Profit. Katie can adjust these factors by adding more contracts on the put side, going wide or closer to the ATM strikes, and adjusting the width of the spreads. Finally, Tony explains to Katie how little of a difference there is between rolling a strangle that has gone inverted to the same strikes or rolling the inverted strangle to become a normal strangle: the Theta Decay, Buying Power and Delta are essentially the same.

Tony and Katie look for trade opportunities in DE, IWM and SPY. John Deere has been beat up recently with a high IV Rank, so it looks like a perfect opportunity to get long by shorting a Naked Put. However, it takes up more buying power than the team would like, but when they add the purchase of a Put to for a Spread, they find they can't collect enough credit. In IWM, Katie and Tony aim to create a skewed to the upside Iron Condor. It is up to Katie to determine how risky she wants to play it: collect more premium or have a higher Probability of Profit. Katie can adjust these factors by adding more contracts on the put side, going wide or closer to the ATM strikes, and adjusting the width of the spreads. Finally, Tony explains to Katie how little of a difference there is between rolling a strangle that has gone inverted to the same strikes or rolling the inverted strangle to become a normal strangle: the Theta Decay, Buying Power and Delta are essentially the same.

The guys chat with viewers about their positions. Ali wants to know what indicates a price extreme, and has a question about the underlying SLB. Doug wants to know how spreads are determined, and both Kevin and Paul look to manage their positions in EWZ.

Tom and Tony look for another trade opportunity, deciding on a tight strangle in FXI, a cheap underlying with 50 IV rank. Then, Tony from Mexico calls in to share some trade ideas. He pitches a trade in ABX, and discusses his success with broken wing butterflies in the SPX.

Jessica Malkin is the Executive Director of Chicago Ideas Week, overseeing the creation and production of the annual event. Chicago Ideas Week brings together hundreds of the world's brightest thought leaders from different industries to inspire, connect, and advance the city of Chicago and beyond. Jessica outlines the process of choosing discussion topics for the event, and what ideas the team came up with. Guest speakers at the event this year include George Lucas and P. Diddy, with 27 thousand expected attendees.

When Implied Volatility (IV) is low, it is difficult to find trading opportunities. This stems from the fact that as premium sellers, we like IV to be high so that we are selling options that are more expensive than when IV is low (sell high, buy low). When overall market volatility is low, it can seem like there isn't a trade to make anywhere. Today, Tom Sonoff and Tony Battista take a look at this problem. The guys take a look at 15 different underlyings over the last 6 years. They find that using just those underlyings, over 87% of the time, at least one had an IV Rank over 50. This study shows that even when IV is low, there are opportunities to place trades and if you are patient, you will find them!