| April 19, 2024 | | | |  | Jeff Bergstrom
Editor
John Lothian News | |
|
| | | | Observations & Insight | | | 
Options Discovery Episode 32: Portfolio Margining in Options; Doug Engmann, Senior Consultant at SageTrader LLC, Discusses This and More With JLN's Asma Awass.
JohnLothianNews.com
In this episode of Options Discovery, Asma Awass explores portfolio margining in options. This episode includes a breakdown of what portfolio margin accounts are and how they different from strategy based margin accounts. Asma then sits down with Doug Engmann, a senior consultant at SageTrader, who shares more insight into his role in making portfolio margining mainstream. You can check out SageTrader here: https://sagetrader.com/
Watch the video »
++++
Portfolio Margining in Options: Doug Engmann, Senior Consultant at SageTrader LLC, Discusses Portfolio Margining and Its History In This Options Discovery Full Interview
JohnLothianNews.com
In this Options Discovery full interview, Asma Awass speaks with Doug Engmann, a senior consultant at SageTrader. Doug addresses a variety of topics from his career, including what got him started in the options industry. He gives more insight into what portfolio margining is and he goes deeper into the influential role he had in making portfolio margin accounts mainstream in the options industry. You can check out SageTrader here: https://sagetrader.com/
Watch the video »
++++
| | | | | | Lead Stories | | | Currency Traders Turn to Options Market for Geopolitical Havens; Long-volatility exposure serves as hedge after Israel strike; Swiss franc in demand as oil-linked currency volatility rises
Vassilis Karamanis - Bloomberg
Currency markets are in full risk-off mode amid fears of a widening conflict in the Middle East, with traders rushing for safe havens in both spot and options.
The dollar gained versus all Group-of-10 currencies except for the Swiss franc and the Japanese yen on Friday, after reports that Israel launched a retaliatory strike on Iran. The Bloomberg Dollar Spot Index rose for a seventh day in eight.
/jlne.ws/4aC2kW2
Wall Street 'fear gauge' flashes as volatility dogs US stocks
Saqib Iqbal Ahmed - Reuters
A cocktail of interest rate anxiety and geopolitical tensions is keeping U.S. stock investors defensive and driving Wall Street's most closely watched volatility gauge to its highest level in half a year.
With the S&P 500 down nearly 5% from its late March record closing high, the Cboe Volatility Index (.VIX) broke above 20 overnight as tensions between Iran and Israel escalated, its highest since late October.
/jlne.ws/4d6nQ76
US Stock Volatility Resurfaces With Tensions in the Middle East; Cboe VIX Index jumps above 21 in early Friday trading; VIX on track to close above 200-DMA for 12 straight sessions
Carly Wanna - Bloomberg
The Cboe Volatility Index popped above 20 for the first time since October as geopolitical angst stoked wagers for added swings in US stocks.
The so called VIX â which measures the 30-day implied volatility of the S&P 500 â popped to 21.36 in early morning trading in New York. The gauge pared its gains to 18.65 at 9:17 a.m. in New York.
/jlne.ws/3UoQRmY
Crypto Fund Cautions That Record Quarter Is 'Not a New Normal'
Emily Nicolle - Bloomberg
Nickel Digital Asset Management has tempered expectations for its $80 million Diversified Alpha fund after elevated cryptocurrency volatility powered its best-ever quarterly performance.
The fund, which seeks to exploit market pricing inefficiencies, returned a net 11% in the first three months, according to an investor presentation seen by Bloomberg News. Nickel typically guides investors to expect 15%-20% annual returns for the vehicle, Chief Executive Officer Anatoly Crachilov said in an interview.
/jlne.ws/3w3pk19
DJT Stock Rises. Trump Media CEO Alleges Potential Market Manipulation.
Adam Clark - Barron's
Trump Media & Technology Group was rising Friday after a surge the previous day. Despite the gains, the company's chief executive has claimed the stock could be the target of market manipulation.
/jlne.ws/3W6yZyB
Ken Griffin's trading firm blasts Trump Media boss as 'loser'; Citadel Securities attacks Devin Nunes after letter to Nasdaq raises concerns over naked short selling
George Steer and Jennifer Hughes - Financial Times
Billionaire Ken Griffin's Citadel Securities has called the former congressman who runs Donald Trump's media business a "loser" after he named the powerful trading firm in a letter suggesting that an illegal form of short selling was responsible for its plummeting stock price.
Devin Nunes, chief executive of Trump Media & Technology Group, wrote to the head of the Nasdaq exchange this week "to bring your attention to potential market manipulation" of the company's stock, according to a filing on Friday.
Jane Street Wants Its Secrets Back; A [redacted] trading strategy, Elon Musk's options math, BloomTech loans, private equity skin in the game and AI investment returns.
Matt Levine - Bloomberg
One sort of thing you could do, if you work at an investing firm, is say "I like Microsoft Corp., I think this artificial intelligence thing is big, I think the stock will go up." And then you buy Microsoft stock with your firm's capital, and hopefully it goes up. Another sort of thing you could do, if you work at an investing firm, is design a complex software system that ingests millions of data points to find predictive signals and then uses those signals to make automated low-latency trades in multiple assets on multiple exchanges with limited human supervision. You write thousands of lines of code, you test the system, you put it into production, it runs on its own and hopefully it makes money.
/jlne.ws/3xP0nH8
What Is Bitcoin Meant to Hedge?
Daniel Kuhn - CoinDesk
Uh oh, it's starting again: People are again debating whether bitcoin {{BTC}} is actually a hedge. The conversations began on Saturday, after the cryptocurrency tanked nearly 10% - from around $70,000 to below $62,000 - following Iran's failed missile attack on Gaza. The move inspired a few columns on Monday, including insightful ones from Fortune's Jeff John Roberts, which put it in context of gold's 17% rally, and Blockwork's Casey Wagner, who looked at how gas prices tend to move during crises in the Middle East.
/jlne.ws/4d1pI0R
Man Group Stock Slides After Clients Pull $1.6 Billion From its Hedge Funds
Caitlin McCabe - The Wall Street Journal
London-based Man Group is the world's largest listed hedge-fund business. It runs both algorithmic and discretionary strategies, which rely on the skill and judgment calls of traditional hedge-fund portfolio managers. The broader industry has weathered two years of outflows from clients like pension funds, endowments and family offices. Some pressure stems from the rise of other alternative investments like private equity and private credit. For its part, Man Group has pushed into private markets, buying private-credit manager Varagon Capital Partners last year.
/jlne.ws/3vZBcRI
| | | | | | Regulation & Enforcement | | | Chairman Behnam Announces CFTC's First DEIA Strategic Plan; Plan Emphasizes A Workplace Where Employees are Empowered, Valued, and Respected
CFTC
Commodity Futures Trading Commission Chairman Rostin Behnam today announced the agency's first Strategic Plan to Advance Diversity, Equity, Inclusion, and Accessibility (DEIA Plan). This two-year DEIA Plan represents a critical step forward in aligning our organization with a collective DEIA vision that not only provides genuine support for our valued team members, but ensures the CFTC is a source of future leaders. "As we embark on this transformative journey, I look forward to seeing the opportunities that lie ahead and the positive impact this DEIA Plan will have on our agency and the broader financial community," said Chairman Behnam. "The changing derivatives and financial markets require us to think, work, and operate differently than we have before. I am grateful for the dedication of our Chief Diversity Officer Tanisha Cole Edmonds, her team, and our entire workforce in motivating this new, transformative direction."
/jlne.ws/3U2zpTX
****** I don't always agree with the CFTC, but I do here. Employees who are empowered, valued and respected are going to make the CFTC a better regulator. ~JJL
| | | | | | Strategy | | | 2024.04.19_vol_web
Cboe (Video)
/jlne.ws/3Wc2peV
| | | | |  | | | | JLN Options is sponsored by: | | | | | |  |  |  |  |  | | | | | |  |  | | |
|
|
| | | |
| | | | John Lothian News (JLN) is the news division of John J. Lothian & Company, Inc. (JJLCO). The online media and financial services firm is staffed by derivatives industry, journalism and technology professionals. | | | | | | | John Lothian News Editorial Staff: | | | John Lothian
Publisher | | | Sarah Rudolph
Editor-in-Chief
| | | Jeff Bergstrom
Editor
| | | Asma Awass
Intern |
|
|
| |
Disclaimer: All John Lothian Newsletters, JohnLothianNews.com, MarketsWiki.com and MarketsReformWiki.com are products of John Lothian News, a division of John J. Lothian & Company, Inc. The opinions expressed in all John J. Lothian & Company, Inc. publications are strictly those of their respective editors. They are intended solely for informative purposes and are not to be construed, under any circumstances, by implication or otherwise, as an offer to sell or a solicitation to buy or trade in any commodities or securities herein named. Information is obtained from sources believed to be reliable, but is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Security futures are not suitable for all customers. Futures and options trading involve risk. Past results are no indication of future performance. Nothing on any John J. Lothian & Company site should be considered an endorsement by any sponsor of any website or newsletter content.
© 2023 John J. Lothian & Company, Inc. All Rights Reserved. |
|
|
