Topics this week include:

• It's Russell Reconstitution time: Russell 1000 & 2000 rebalancing today. Could result in the most heavily traded session of 2018.
• Equity volatility. Will we see a vertical asymptote?
• CME's new OPEC watch tool
• Crude: OPEC ministers agree to raise oil production but don't say by how much
• Ag chat: beans hit nine-year low on rejeuvenated trade war talk
• CME Bitcoin futures off another 500 handles

Futures Options Feedback: Listeners take over

• Question from Tim Kessler: Do you need a futures account if you just want to trade options on futures?
• Question from Nicholas: Thoughts on the reports from the VIX-rigging prof that someone propped up the price of bitcoin last year? You guys buying what he's selling?
• Question from Bellat: What do you think of crypto vol at these levels, particularly Bitcoin? Are you guys doing any trading even though there aren't really any true options available yet?

Your co-hosts this week are Sean Smith, Managing Director of Derivatives Licensing at FTSE Russell and Nick Howard, Managing Principal at Bantix Technologies.

Topics this week include:

• Russell reconstitution time
• Beans!
• Purdue, CME Group Ag Barometer hits 16-month high
• Crude

Futures Options Feedback: What's on your mind?

• Question from Mark Brandt: Does Nick use the weather to trade ags? Does he have any esoteric Eurodollar information to share?
• Question from Olive Trader: Will gold vol go bid after the Fed decision?
• Question from 8Ack: Is there an easy way to compare the relative skew levels of E-mini Russell vs E-mini S&P?
• Question from Silvan8: I think I was the one guy who used to trade RVX options back in the day. Can you ask FTSE for an update on RVX options? I see some juicy spreads lining up with VIX and I would love to get back in action.

Today's CME hot seat guests are Eric Baum, Senior Commodity Trader, and John Rothstein, Chief Operating Officer at Optiver US.

Topics this week include:

• Ags
• Corn
• Soybeans
• Equities/RVX
• Crude/WTI

Futures Options Feedback: Flash poll! Let's stick with our Volatility theme to round out the week. Quite simply - which product do you think has the highest 30-day implied Volatility? No cheating (or checking with your broker)! What does your gut tell you? VIX? Bitcoin? TSLA?RUSSELL2000? RUT? IWM?

• 34% - Tesla, TSLA
• 21% - VIX
• 35% - Bitcoin
• 10% - Russell 2000: E-mini, RUT

Listener questions and comments:

• Question from Toni - I've been listening to TWIFO since the launch (along with Vol Views and Advisors Option). Thanks for so many hours of listening and learning. I think I have a problem with TWIFO though because you guys are slowly luring me to the "dark side" of Ag products. But I'm not really sure where to begin because I'm a complete novice when it comes to agriculture (mostly trade spy and single name equity options). Is there one product that you feel is the friendliest or the least intimidating for beginners? Also are there any good resources out there for budding Ag options traders?
• Question from JLM54 - See a lot of talk about spreads between similar commodities (WTI/Brent spread, KC wheat / Chicago wheat). What about spreads between different commodities that may move in accordance to similar fundamentals? Is anyone tracking these relationships (WTI/Gold, Gold/10yr)? Are there any relationships you watch regularly that are outside the established intra-commodity spreads?

Topics this week include:

• WTI/Crude
• Gold
• Equities
• Ags/Soybeand
• Rates
• Crypto

Futures Options Feedback: Flash Poll!

Let's stick with our Volatility theme to round out the week. Quite simply - which product do you think has the highest 30-day implied Volatility? No cheating (or checking with your broker)! What does your gut tell you? VIX? Bitcoin? TSLA? RUSSELL2000? RUT? IWM?

• Tesla, TSLA
• VIX
• Bitcoin
• Russell 2000: Emini, RUT

Listener questions and comments:

• Question from Ned Brown -You had a guest on a few weeks back and he mentioned what he thought Bitcoin volatility would be on the options. You would think it would be an instant winning product. I've always thought the tricky part is finding the market makers to provide the liquidity...I assumed the big volatility was the reason crypto options weren't being pushed. Has anyone asked the SEC about them?
• Question from BB88 -How do I do what Nick said last week to see the options activity on that day's expiring future?