TWIFO 203:  OPTIONS UPDATE AS MARKET MELTS DOWN HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP CO-HOST: SEAN SMITH, FTSE RUSSELL CME HOT SEAT: DEREK SAMMANN, SENIOR MANAGING DIRECTOR, GLOBAL HEAD OF COMMODITIES & OPTIONS PRODUCTS AT CME GROUP ON TODAY'S EPISODE, MARK, SEAN AND DEREK: LOOK AT THE OVERALL TRENDS IN THE CME GROUP’S OPTIONS COMPLEXES   DISCUSS THE BIGGEST SURPRISES IN CME OPTIONS SO FAR THIS YEAR TALK ABOUT THE REOPENING OF THE TRADING FLOORS DISCUSS EQUITIES VOLATILITY AND THE UPCOMING RUSSELL RECONSTITUTION FUTURES OPTIONS FEEDBACK QUESTION FROM BIGDOGG: IS S&P SKEW SHOWING A STRONG INCLINATION FOR HEDGING AT THESE NEW ALL-TIME HIGHS? LOVING THE NETWORK. LONG TIME LISTENER.  QUESTION FROM LT3: HOW IS RECON SHAPING UP FROM A VOLUME PERSPECTIVE? WILL THIS BE A HISTORIC YEAR? QUESTION FROM BACK0$: WHY IS $OIV NO LONGER AN ACTIVE TICKER? YOU DISCUSS IT ON THE SHOW AND I’VE FOUND IT TO BE A USEFUL INDICATOR FOR CRUDE OIL VOLATILITY.  QUESTION FROM MAE: WITH THE CRAZY MARKETS AND EVERYTHING UNEXPECTED GOING ON IN THE WORLD, WHY DON’T YOU RECONSTITUTE THE INDEX MORE THAN ONCE A YEAR? QUESTION FROM MAR1022: ANY EXPECTATIONS FOR THE MARKETS ONCE THE RECON HAPPENS?