Commentary

New Non-Price Oriented Risks to Manage: Covid and Cancer

New Non-Price Oriented Risks to Manage: Covid and Cancer

This newsletter is all about managing non-price oriented risks. I used to have a lot of trading related risks when I was an online futures broker and actively managing money as a Commodity Trading Advisor. Today I have different kinds of non-price oriented risks to manage, ones that would fall into our Wellness Exchange section: COVID-19 and cancer. 

Suzanne Cosgrove Accepts New Role, Leaves JLN for PR Agency; Alex Perry Promoted from Intern to Associate Editor

Suzanne Cosgrove Accepts New Role, Leaves JLN for PR Agency; Alex Perry Promoted from Intern to Associate Editor

JLN Deputy Managing Editor Suzanne Cosgrove gave her notice to John Lothian News and accepted a position with Purpose Brand, a woman-run, Chicago-based PR, brand, and digital marketing company that’s all about diversity and inclusion and seeks to expand its coverage of financial firms. She leaves JLN at the end of the year and starts her new position on January 3, 2022.

U.S. Growth Slows, But Tesla Options Rev Up; Cboe Goes Nanos For Retail; John’s Take Previews Expo; Strategizing with Butterfly Spreads – The Spread – October 29, 2021

U.S. Growth Slows, But Tesla Options Rev Up; Cboe Goes Nanos For Retail; John’s Take Previews Expo; Strategizing with Butterfly Spreads – The Spread – October 29, 2021

– The U.S. economy sputtered to a 2% growth rate in Q3, but Tesla traders are unfazed; Cboe expands S&P 500 Index options offerings for retail with smaller options; ethereum gets a boost from new ETF expectations; 
– John’s Take previews next week’s in-person return of FIA Expo;
– Catching up with long butterfly spreads in the Term of the Week with Jermal Chandler.

Crypto Steals Headlines With Cboe-ErisX Deal, U.S. Bitcoin ETF; John’s Take Connects With ICE Mortgage Tech;  A Look at Cash-Secured Puts – The Spread – October 22, 2021

Crypto Steals Headlines With Cboe-ErisX Deal, U.S. Bitcoin ETF; John’s Take Connects With ICE Mortgage Tech; A Look at Cash-Secured Puts – The Spread – October 22, 2021

– Crypto edges into the mainstream with Cboe-ErisX acquisition announcement, first-ever bitcoin U.S. ETF debut; SEC’s GameStop study a reflection without regulation;
– John’s Take reviews the data-driven mortgage experience with ICE Mortgage Technology;
– Are you bullish on a stock? The Term of the Week looks at a cash-secured put strategy with Jermal Chandler.

Analysis: What Can We Learn From the DOJ’s Latest Spoofing Conviction?

Analysis: What Can We Learn From the DOJ’s Latest Spoofing Conviction?

“I know how to game this stuff.” “One can definitely manipulate if you’re aggressive.” “If you spoof this it really moves.” These excerpts from online chats among traders and hedge fund managers more than a decade ago played a key role in the Justice Department’s successful prosecution of two Wall Street traders in the latest trial to take on ”spoofing,” a form of market manipulation that was criminalized in the 2010 Dodd-Frank Act.

Fed’s Powell Takes Center Stage; New Company Offers Options Solutions; Explaining Volatility Skew – The Spread – August 27, 2021

Fed’s Powell Takes Center Stage; New Company Offers Options Solutions; Explaining Volatility Skew – The Spread – August 27, 2021

In this week’s options news, the Fed’s Jackson Hole pronouncements placate the markets; meme stocks take off on a lark; volatility skew rises as traders remain divided; bitcoin and ethereum options hunker down ahead of expiration and Eurex plans to launch a first; John’s Take looks at a new options business with seasoned players; And Jermal Chandler kicks off this week’s options “Term of the Week” with the important concept of volatility skew.

CME Buying Cboe? Options News, John’s Take and Term of the Week in The Spread  – August 20, 2021

CME Buying Cboe? Options News, John’s Take and Term of the Week in The Spread – August 20, 2021

— Will CME Group finally buy Cboe Global Markets?; Options volume outpaces exchange-traded derivatives action; Will the Fed taper sooner or later?; Volatility comes back as August options expire;
— John Lothian talks about Cboe sharks, MIAX SPIKES and remembers Philip McBride Johnson;
— Tastytrade’s Jermal Chandler explains why you need to keep a close watch on gamma in the “Term of the Week.”

Buy the Sharks, Sell the Bait

Buy the Sharks, Sell the Bait

Cboe and its CEO Are Now in a Different Boat
In January of 2014, after hearing CBOE executives crow at an annual Chicago press lunch about how great their publicly traded company and its products performed in 2013, I wrote a commentary titled “The CME Should Buy the CBOE Soon.” There have been many on and off discussions about just that for many years. And yesterday for just a short period of time it seemed like it was happening, as the Financial Times reported that CME Group had approached Cboe to acquire it in a $16 billion deal that CME Group later strongly denied.

FIA Reports July Exchange-Traded Derivatives Post 26.9% Volume Gain from a Year Ago; Dip vs. June

FIA Reports July Exchange-Traded Derivatives Post 26.9% Volume Gain from a Year Ago; Dip vs. June

The Futures Industry Association released its July 2021 report on worldwide volume and open interest for exchange-traded derivatives on Tuesday, and it shows a volume gain of 26.9% compared with July 2020 for a combined total of 4.91 billion contracts. However, trading slowed down from its torrid pace of early summer — July volume was down 2.4% from the month earlier.

Giancarlo, others praise Ameribor as one “choice” for new post-Libor benchmark

Giancarlo, others praise Ameribor as one “choice” for new post-Libor benchmark

SOFR is not the only Libor-replacement game in town. At a press briefing given last week by American Financial Exchange (AFX), the exchange that introduced the Ameribor benchmark, former CFTC Chairman Chris Giancarlo said that with the U.S.’s diverse economy, more than one benchmark is needed to replace the Libor, and Ameribor may be more appropriate for small, medium-sized and regional banks.

The Spread – July 16, 2021

The Spread – July 16, 2021

Options traders torn between higher Inflation and steady Fed policy; June market share up at MIAX; John Lothian talks about a World of Opportunity; SEC charges binary options shop with fraud; Moscow Exchange set to offer quarterly options on U.S. stock index futures; and the Options Institute’s Kevin Davitt talks about implied volatility in the “Term of the Week.”

The curious case of rising stocks in the night-time

The curious case of rising stocks in the night-time

First Read Hits & Takes John Lothian & JLN Staff Congratulations to uber journalist Jacob Bunge on being promoted to the role of Chicago deputy bureau chief for The Wall Street Journal. Bunge has been with the Journal since 2008, when he came over from...

We visit more than 100 financial news websites daily (Would YOU do that?)

The Spread

Stock Market Selloff Worries Investors & Regulators; Adam Dell Launches Domain Money; ​​CME Group Announces Records

Alex Perry Author John Lothian News ALEX PERRY’S OPTIONSTOPIA: Alex Perry’s Optionstopia” takes a look at this week’s options news highlights: Regulators Crack Down on Trading apps; Adam Dell Launches Domain Money; The ​​CME Group Announces New Options Records

John Lothian Publisher John Lothian News JOHN’S TAKE: John talks with Henry Schwartz, president of Trade Alert LLC, for “John’s Take”

Tom Jarck Term of the week John Lothian News TERM OF THE WEEK: What is The VIX Index Anyway? with Russell Rhoads

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