| October 04, 2021 | | | | | Jeff Bergstrom
Editor
John Lothian News | |
|
| | | | Observations & Insight | | |
The Spread: Higher Bond Yields, Energy Fuel Continued Market Volatility at Quarter End; John's Take Looks at Recent CFTC Action; Why VVIX Matters
JohnLothianNews.com
- Stock market volatility continues to chug higher; Energy prices are hot;
- John's Take walks us through the CFTC's filing against 14 crypto options businesses;
- A timely look at the VVIX, the volatility of volatility with Russell Rhoads in the Term of the Week.
Watch the video »
| | | | | | Lead Stories | | | Dollar snaps 2-day losing streak, volatility rises as risk aversion grows
Saikat Chatterjee - Reuters
The dollar edged higher on Monday after two consecutive sessions of losses as hedge funds ramped up their holdings as widening concerns about the Chinese property sector and resilient U.S. Treasury yields boosted the appeal of the greenback.
After spending the second quarter of 2021 on the back foot the dollar has received a fresh boost in recent weeks, climbing to its highest levels in a year against its rivals last week as top investment banks have revised up their forecasts.
/reut.rs/3Bca7Iz
US stocks fall as higher oil price adds to inflation fears
Naomi Rovnick - The Financial Times
US equities fell on Monday after ending last week with their worst performance since February as an oil price rally heightened concerns about inflation and the future path of interest rates.
Wall Street's blue-chip S&P 500 index dropped 1.5 per cent during New York morning dealing. The technology-focused Nasdaq Composite, which houses companies whose high valuations can make their share prices more sensitive to anticipated changes in interest rates, fell by 2.4 per cent.
"We're in an environment that feels like the opposite of Goldilocks," said Cosimo Marasciulo, head of investment absolute returns at fund manager Amundi, referring to an economic environment where growth is healthy but inflation is contained. "We could be getting upwards pressure on inflation and on interest rates."
/on.ft.com/3uGgxwZ
Opinion: Stock market's volatile October history means it's time to steady yourself for a 'black swan' event
Mark Hulbert - MarketWatch
U.S. stocks already are having a rough October â two trading days in. October is the most volatile month for stocks â and when stocks suffered their two worst crashes in U.S. market history.
Moreover, there's a 0.06% chance that the stock market this month will experience a one-day crash as bad as 1987's Black Monday.
Those odds don't seem like much â but they are not zero. The Dow Jones Industrial Average DJIA, -1.33% tumbled 22.6% on Oct. 19, 1987, Black Monday. An equivalent percentage drop from its current level would take more than 7,700 points off the Dow in a single trading day.
/on.mktw.net/3mrhO7m
| | | | | | Exchanges | | | OCC September 2021 Total Volume Up 21.8 Percent Compared to September 2020
Year-to-date cleared contract volume through end of September up 35 percent year-over-year
OCC
Chicago - OCC, the world's largest equity derivatives clearing organization, announced today that September 2021 total cleared contract volume was 816,942,764 contracts, up 21.8 percent compared to September 2020 and the highest September on record. Year-to-date average daily cleared contract volume through September 2021 was 38,846,212 contracts, up 34.6 percent compared to September 2020.
/bit.ly/3AcsVpH
CME Group Reports Q3 and September 2021 Monthly Market Statistics
CMEGroup
CME Group, the world's leading and most diverse derivatives marketplace, today reported its Q3 and September 2021 market statistics, showing average daily volume (ADV) increased 14 percent to 17.8 million contracts during the third quarter, and was up 11 percent at 18.8 million contracts during the month of September. Market statistics are available in greater detail at https://cmegroupinc.gcs-web.com/monthly-volume.
/jlne.ws/3B90yd7
Binance trading volumes soar despite regulatory crackdown
Tom Wilson - Reuters
Trading volumes at major cryptocurrency exchange Binance soared between July and September, suggesting a recent crackdown by regulators across the globe has had little impact on the platform's business.
Worried about consumer protection as well as the standard of anti-money laundering checks at crypto exchanges, regulators from Britain and Germany to Hong Kong and Japan have in recent months ratcheted up pressure on Binance.
/reut.rs/3D8z48g
MIAX Announces Launch Dates for Suite of New BRIXX Commercial Real Estate Futures on MGEX
Proprietary Index Products to be Exclusively Listed and Traded on MIAX Group Futures and Options Exchanges
MIAX
MIAX , creator and operator of high-performance securities exchanges, products and services, today announced expected launch dates for cash-settled futures contracts on BRIXX⢠Commercial Real Estate (CRE) Indexes developed by Advanced Fundamentals. BRIXX CRE Indexes track real-time changes in property values through a unique methodology using REITs as inputs to support benchmarking, hedging and portfolio allocation strategies for investors across multiple sectors.
/jlne.ws/3oxWGiK
| | | | | | Strategy | | | Vv 466: Everyone Needs to Stop Hedging! (Podcast)
Volatility Views - The Options Insider
Host: Mark Longo, the Options Insider Media Group
Co-host: Mark Sebastian, the Option Pit
Miax Hot Seat: Cem Karsan, Kai Volatility Advisors
Volatility Review:
Markets Green to End the Week
Top Trades of the Week in Vix, Spikes, Vxx and Uvxy
Long Vol Is Not the Only Way to Profit From a Market Decline
/bit.ly/3mlE8iR
| | | | | | Events | | | Cboe Options Institute: Portfolio Risk Reduction and VIX Futures Webinar
Wednesday, October 13; 12 p.m. ET
A live 75-minute webinar hosted by the Cboe Options Institute. Benn Eifert and Keith Black join Matt Moran to discuss Portfolio Risk Reduction and VIX Futures.
Topics covered include:
- Strategies and instruments that are used to manage drawdowns and left tail risk
- Convexity, negative correlation, and potential for diversification with VIX Futures
- The impact of contango and backwardation on the returns of VIX Futures-based strategies
- Cboe's volatility benchmark indices, and their impact when added to traditional portfolios
Register here: https://jlne.ws/3Fh6Ud7
| | | | | | Miscellaneous | | | B2C2 Rolls out Options Trading, Rounding out Full Service Offering
Press release via Street Insider
B2C2, the counterparty of choice in the institutional crypto markets, today announced the launch of options trading. B2C2 will initially offer BTC/USD and ETH/USD OTC vanilla options, with bespoke expiry dates and strikes, to institutional counterparts.
The new product, which rounds out the firm's integrated spot and Delta one derivatives offering, is designed to meet heightened demand for sophisticated alpha generation and hedging instruments. Rather than mirroring expiries on options exchanges, B2C2's bespoke options contracts offer any strike and any expiry out to three months, enabling users to more precisely meet their hedging and investment needs.
/bit.ly/3B9Rm8z
| | | | | | | | | 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
| | | | |
|
|
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.
© 2019 John J. Lothian & Company, Inc. All Rights Reserved. |
|
|
