– Options markets get ready for fall’s chill as equity prices consolidate; Another perspective on small investors;
– John’s Take pays homage to an options veteran and looks at a moment in options market history;
– Pros and cons of using options strangles with Jermal Chandler in the Term of the Week.
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.
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.
On Saturday, June 5, President Nayib Bukele of El Salvador announced that he would ask his country’s legislature to declare bitcoin “legal tender” in the country. This statement was part of a pre-recorded presentation to Miami, Florida’s Bitcoin 2021 conference.
Bradley Rotter has been a pioneer in financial futures, hedge fund investing and cryptocurrencies. He was on the trading floor of the Chicago Board of Trade when financial futures were just getting started. He convinced Merrill Lynch they needed a financial futures expert and was hired, then later moved to New York to work for EF Hutton before returning to Chicago to become the floor manager for AG Becker & Co. when bonds were first traded in the old South Room of the CBOT.
In this episode of the CryptoMarketsWiki podcast, Matt and Thom discuss Coinbase’s recent debut as a publicly-traded company, as well as some updates about a company that wants to revitalize the U.S.’s struggling bitcoin mining industry.
Former IMC Trader and Executive Opens Up About Trading on the Floor, Off The Floor and Building the GOAT Trading System at IMC Scott Knudsen found his way to the world of trading by mistake on the online portal at the career center at the Northwestern University where...
A Trader and Industry Executive Who Continues to Change with the Times. John Lothian News interviewed Scott Knudsen, the founder of Cove Markets and a longtime former executive with IMC, for The Path to Electronic Trading video series, but we broke off this part of...
The second day of FIA Boca-V was reserved mainly for discussions focused on one of the most disruptive pieces of financial technology shaking up the markets today. I’m not talking about smartphone apps that let you make options bets based on nihilistic posts you read on Reddit – I’m talking about cryptocurrency.
The first-ever over-the-counter (OTC) trade of BitVol, the options-fuelled volatility index for bitcoin developed by T3 Index, the creators of the SPIKES index, was executed Wednesday by LedgerPrime, a quantitative digital asset investment firm owned by Ledger Holdings (the parent company of LedgerX). The counterparty for the trade was a cryptocurrency asset manager that was not named.
First Read $53,406/$300,000 (17.8%) ++++ Hits & Takes John Lothian & JLN Staff A gentle reminder. The NFA and NIBA announced a joint webinar about navigating regulatory requirements in a hybrid environment. The webinar is scheduled the day of my 31st wedding...
Observations & Insight ****SC: Cboe Europe Derivatives's first-week volume tally (as of September 13) was 64 contracts, a Cboe spokesman confirmed. The most-traded futures contract during that period was 22 contracts on the Cboe NL25 Index (Cboe's Netherlands...