Lead Stories

GOLDMAN: According To The Options Market, Investors Aren’t Scared At All
Matthew Boesler, Business Insider
Goldman Sachs is doing a bit of what they call “volatility reconnaissance.”
Krag Gregory and his team of quants say that signals from the options market suggest that traders and investors are looking for a favorable outcome from central bank meetings this week, with the Federal Reserve set to make a policy statement on Wednesday followed by the European Central Bank on Thursday.
http://jlne.ws/MhAd31

Finance-sector ETF option trade suggests pullback in shares
Doris Frankel, Reuters
A sizable bearish option trade in a financial-sector exchange-traded fund indicated concern on Monday that bank stocks could see another round of volatility and a pullback in shares by the end of the year.
http://jlne.ws/MhAmDA

Hedge Funds Stay Defensive Despite Rally
Dan McCrum, Financial Times
Hedge funds remain ­cautious and defensive after largely sitting out the rally in the U.S. stock market since the start of June, ­contributing to the lowest U.S. stock market trading volumes since 2007. The lack of conviction comes as the industry struggles with lackluster performance that leaves a quarter of hedge funds at least 10 percent below their high water marks — the point where they can charge investors incentive fees — according to Credit Suisse.
http://jlne.ws/MhzLSa

OptionMonster Daily Volatility Report with Jamie Tyrrell of Group1 Trading:

Exchanges

Toronto Stock Exchange, TSX Venture Exchange, TMX Select and Montreal Exchange closed for Civic Holiday
Press Release
TMX Group Inc. today announced that Toronto Stock Exchange, TSX Venture Exchange, TMX Select and Montreal Exchange will be closed on Monday, August 6, 2012 for the Civic Holiday. NGX will remain open for regular trading hours.
The Exchanges will re-open and resume regular trading hours on Tuesday, August 7, 2012.
http://jlne.ws/MhAVNA

Technology

CME Group Launches Instant Messaging Platform for Energy Trading Community
Press Release
CME Group, the world’s leading and most diverse derivatives marketplace, today announced the launch of CME Direct Messenger, a sophisticated instant messaging platform for traders in the energy markets. CME Direct Messenger will be powered by market-leading instant messaging software developed by Pivot, Inc., which was recently acquired by CME Group.
http://jlne.ws/MQpqfU

Elray Gaming Launches its Own Binary Options Trading Platform
Press Release
Elray Resources Inc. t/a Elray Gaming (otc.bb:ELRA), a developer of VIP casino and turnkey online gaming products, announced the successful launch its own financial binary options trading platform called Golden Matrix Binary ( www.goldenmatrixbinary.com ).
Golden Matrix Binary (GMB) is a premier binary option offering, that will give our clients the opportunity to trade binary options in a range of financial instruments including equities, foreign exchange (FOREX), global indices, precious metals and commodities. Many of the markets are open 24 hours a day enabling GMB to reach a global audience and thus maximizing the opportunity for clients to trade binary options.
http://jlne.ws/MhB57N

Strategy

Is Options Trading a Fool’s Game?
Bryan Stinde, The Motley Fool
Options trading has always been a bit of a pariah in the investment world. For the most part, it’s considered by the financial community as a pursuit too complex and dangerous for anyone except the professional trader. Even investing legends like Warren Buffett and Peter Lynch have nothing good to say about it. Lynch once wrote, “Warren Buffett thinks that stock futures and options ought to be outlawed, and I agree with him.” He went on to say, “I don’t understand futures and options myself,” – an important qualifier, and true of any investing opportunity whether it be stocks, bonds, real estate, or pork bellies – you should never trade what you don’t understand.
http://jlne.ws/MhA3bN

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