Episodes

  • Volatility Views 661: Fun with UVXY plus Year-End Vol Therapy
    Dec 26 2025

    In the final Volatility Views of 2025, host Mark Longo is joined by Russell Rhoads (Dr. VIX) and Michael Listman (UVXY Trader) to dissect a wild year in the markets. From the "Santa Claus Rally" to the crushing of the VIX, we break down what traders need to know heading into 2026.

    In This Episode:
    • Volatility Review: A look at the S&P 500 hitting all-time highs and the recent "volatility execution." Why did the Santa Rally take so long to arrive?

    • UVXY Deep Dive: Michael Listman breaks down the UVXY reverse split mechanics. We discuss why liquidity is the best argument for UVXY and how to manage the "beta slippage" game.

    • The Pairs Trade: Exploring the strategy of pairing UVXY vs. SVXY (or SVIX) to capture slippage while managing directional exposure.

    • VIX Term Structure: Why the current curve is "steep" and what a 5-point premium in February futures says about 2026 market expectations.

    • VIX Options Flow: Analyzing the "Jan 17 Puts" and the mysterious ongoing activity in the VIX 200 strike puts.

    • The Crystal Ball: The team places their final VIX cash predictions for the first week of January 2026.

    Key Discussion Points:
    • The "VIX Wizard": Why volatility arrives precisely when it means to (and how to monetize puts before they expire).

    • Reverse Split Strategies: Does a 1-for-5 or 1-for-10 split actually change the trade?

    • The "Weekend Trade": Russell's strategy for holding UVIX/UVXY over the weekend to catch volatility events.

    Resources & Links:
    • Russell Rhoads (Dr. VIX): Follow him on X/Twitter @RussellRhoads .

    • Michael Listman: Follow him on X @UVXYTrader or visit UVXY.pro .

    • Options Insider Pro: Get the Pro Trading Crate and join the Vol Death Match at TheOptionsInsider.com/Pro .

    • TastyTrade: Check out advanced tools for options and futures at TastyTrade.com/podcasts .

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    1 hr and 4 mins
  • Volatility Views 660: It Finally Looks Like December
    Dec 19 2025

    In this episode of Volatility Views on the Options Insider Radio Network, Mark Longo and Dr. Russell Rhoads dive into the shifting landscape of volatility as the final full trading week of 2025 comes to a close.

    While much of the market is heading into holiday "hibernation," geopolitical tensions are lighting up the commodity space. The team breaks down why Energy CVOL is pinning the needle to the upside while Treasury and FX volatility are being "taken to the woodshed."

    Key Topics Covered:
    • The Venezuela "Brouhaha": How intensified pressure and crude embargoes are reviving Energy CVOL (WTI) and driving it to weekly highs.

    • Commodity Volatility Split: A deep dive into the aggregate CVOL levels for Metals, Ags, and the broader Commodities complex vs. the dying volatility in Fixed Income.

    • The VIX Term Structure: Analyzing the current curve and what the "post-Fed" environment means for the remainder of 2025.

    • Vol Products in Focus: Performance updates and trade analysis for SVXY, UVXY, and VIX futures.

    • Looking Ahead to 2026: Anticipated market movers and volatility catalysts for the new year.

    • Listener Mailbag: Russell and Mark answer your questions regarding volatility products and specific trading strategies.

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    59 mins
  • Volatility Views 659: 2025 Is Going Out With A Bang!
    Dec 13 2025

    In this episode of Volatility Views, Mark Longo (The Options Insider), Russell Rhoads (Kelley School of Business at Indiana University), and Andrew Giovinazzi (The Option Pit) dive deep into the week's market volatility. They begin with an in-depth analysis of the notable Fed cut announcement and its immediate market implications.

    Key Volatility Trading Insights:

    • VIX Products & Options: Detailed breakdown of VIX options behavior, volatility spikes, and significant trades.

    • Fed Reaction: Analyzing insights from Fed officials and the overall market reaction to the rate decision.

    • ETPs Explored: Intricacies of volatility ETPs, including $SVIX and $UVXY performance and strategy.

    • Strategies & Predictions: In-depth trading strategies and predictions for the upcoming week in the volatility market.

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    1 hr and 2 mins
  • Volatility Views 658: VIX Moving Day
    Dec 5 2025

    In this episode of 'Volatility Views,' the market's premier volatility podcast, we tackle the biggest questions for volatility traders: Are anticipated interest rate cuts about to crush the entire VIX term structure?

    This episode is hosted by Mark Longo (The Options Insider) and joined by Mark Sebastian (The Option Pit) and Dr. Russell Rhoads (Indiana University Kelley School of Business).

    We break down recent VIX options flow, examine crucial shifts in the volatility curve, and offer a forward-looking forecast for the Cboe VIX Index in the coming week.

    📈 Episode Highlights & Volatility Trading Strategy
    • VIX Curve Alert: Dissecting the major shifts in the VIX term structure and how short-term contracts are reacting to forward-looking interest rate expectations.

    • VIX Weekly Options: A detailed breakdown of notable and unusual flow in VIX weekly options and their impact on daily volatility.

    • Inverse Volatility Risks: Updates and analysis of inverse volatility ETPs and VIX ETPs, with a deep dive into the trading behavior and volume patterns of UVXY following its recent reverse split.

    • The VIX Forecast: The panelists' final VIX market prediction for the upcoming week and actionable strategies for VIX traders.

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    56 mins
  • Volatility Views 657: A Wild Week Of Whipsaws
    Nov 21 2025

    HOST: Mark Longo, The Options Insider

    CO-HOST: Dr. Russell Rhoads, Indiana University Kelley School of Business

    In this episode, the hosts dive into the current state of volatility in the market, providing in-depth analysis and trading strategies. The discussion includes the recent movements in VIX futures, the impact of economic announcements, and unconventional strategies like weekly put sales. They also cover notable VIX options trades and the potential effects of upcoming events on market volatility. Plus, they end the show guessing where VIX will be in two weeks in our crystal ball segment.

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    1 hr and 1 min
  • Volatility Views 656: Decomposing the VIX
    Nov 14 2025

    HOST: Mark Longo, The Options Insider

    CO-HOST: Russell Rhoads, Indiana University Kelley School of Business

    CO-HOST: Mark Sebastian, The Option Pit

    GUEST: Jeff Nguyen, Cboe Global Markets

    On this episode, we explore the latest in the world of volatility trading. Jeff Nguyen joins us to explain the Cboe's newly launched VIX Decomposition Tool that analyzes VIX moves through various contributing factors. The show also delves into the past week's volatility trends, notable options trades, and the impact of zero DTE strategies on the current market. The team discusses the state of volatility ETPs and how they are performing under current market conditions.

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    1 hr and 1 min
  • Volatility Views 655: The Many Hats of Volatility
    Nov 7 2025
    HOST: Mark Longo, The Options Insider CO-HOST: Russell Rhoads, Indiana University Kelley School of Business CO-HOST: Andrew Giovinazzi, The Option Pit GUEST: Bill Luby, @VIXandMore On this episode, the discussion revolves around the recent spike in volatility and its implications for traders. They also explore AI's role in market valuation, with differing opinions on its long-term impact. Other highlights include analysis of the VIX term structure, the surge in VIX futures trading, and notable VIX options trades. Additionally, Bill Luby shares insights into trading VXX, and listeners get the latest updates on other popular volatility ETPs. The episode concludes with the panelists' predictions for VIX levels in the upcoming week.
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    1 hr and 3 mins
  • Volatility Views 654: Halloween Spooktacular
    Oct 31 2025
    HOST: Mark Longo, The Options Insider Media Group CO-HOST: Mark Sebastian, The Option Pit CO-HOST: Russell Rhoads, Indiana University Kelley School of Business With an appearance by Brian Overby, Options Playbook Radio! In this Halloween-themed episode of Volatility Views, host Mark Longo is joined by regular contributors Mark Sebastian and Russell Rhoads, as well as a special guest appearance by Brian Overby. The discussion focuses on the nuances of volatility trading, touching on the performance and volume of vol-related ETFs like UVIX and SVXY, the impact of lofty P/E ratios on market sentiment, and the effects of the latest Fed actions. The show also delves into listener questions, weekly reviews of significant volatility trades, and the dynamics of overwriting trades. The episode concludes with predictions for VIX levels for the upcoming week.
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    1 hr and 2 mins