The Spread – July 2, 2021

Suzanne Cosgrove

Suzanne Cosgrove

Editor

Finra socks Robinhood with its biggest-ever fine; Cboe acquires Chi-X Asia Pacific; OCC reports another volume gain; NIO takes its cue from options; John Lothian weighs in with his take; Looking for volatility; and Jermal Chandler explains hedging in the options “Term of the Week.”

The following are links to stories referenced in this episode of The Spread:
MarketWatch – Robinhood pays record fine to Finra, settling probe into options trading issues and technology outages — /on.mktw.net/3jHW6MX
Robinhood blog – https://blog.robinhood.com/
Bloomberg – 
Robinhood’s Investors Have Fun – https://bloom.bg/3dGU9wh
OCC – June 2021 Total Volume Up 25.6 Percent from a Year Ago – https://bit.ly/36mShF3
Cboe – Cboe Global Markets Completes Acquisition of Chi-X Asia Pacific — /prn.to/3dxs5LO
Barron’s – Stock in Chinese electric vehicle maker NIO is on fire. While a surge in the volume of options trading isn’t a perfect explanation for the rally, it certainly helped shares soar. /bit.ly/3AbvYzO
Bloomberg – Volatility Is Poised for a Comeback and Even Bulls Are Concerned — /bloom.bg/3jBRibw
ICE – ICE’s Global Commodities Futures Markets Reach Record Open Interest of 35.2 Million Contracts — /yhoo.it/3y3o0GQ
Coindesk – Bitcoin Options Open Interest Hits 2021 Low as Frenzy Cools, Or Maybe It’s Soccer — https://bit.ly/3dJ4w2G
WSJ – Robinhood’s Finra Settlement Highlights Growing Pains of Fintech Firms; The fast-growing online brokerage company, which officially filed for an IPO, has beefed up its legal and compliance teams — https://jlne.ws/2Ukgl8s
Financial Times – 
The five most revealing numbers in the Robinhood IPO prospectus; Fast-growing but controversial brokerage readies hotly-anticipated flotation – https://jlne.ws/2V0ISjX
Bloomberg – Robinhood Says U.S. Demanded Access to CEO Tenev’s Phone Records – https://jlne.ws/3ha5O8P
CME — CME Group Reports Q2 and June Monthly Market Statistics — https://bit.ly/2UYxIMq

 

 



 

 

 

John Lothian Newsletter

Today’s Newsletter

The Spread – July 30, 2021

The Spread – July 30, 2021

Earnings season in full bloom; Options lead year-to-date derivatives volume; Robinhood’s IPO; John gets real with Get Real VR: Conflicting factors underpin volatility; Cboe cleared for fall European competition; and the Cboe Options Institute’s Kevin Davitt talks about vega in this week’s “Term of the Week.”

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Past The Spread Episodes

The Spread – July 30, 2021

The Spread – July 30, 2021

Earnings season in full bloom; Options lead year-to-date derivatives volume; Robinhood’s IPO; John gets real with Get Real VR: Conflicting factors underpin volatility; Cboe cleared for fall European competition; and the Cboe Options Institute’s Kevin Davitt talks about vega in this week’s “Term of the Week.”

The Spread – July 23, 2021

The Spread – July 23, 2021

Volatility makes a return appearance as the Delta variant jangles nerves; Treasury bond yields perk up; July options expire; John Lothian chats with Cboe’s Ed Tilly about a World of Opportunity; UBS and SEC reach a settlement; FIA Tech expands; and the Options Institute’s Kevin Davitt explains why contract size matters in the “Term of the Week.”

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 Spread – July 9, 2021

The Spread – July 9, 2021

Chicago, a data destination; SEC, Robinhood and payment for order flow; John Lothian weighs in with his take; Retail trading continues to percolate; and Cboe’s Kevin Davitt explains the differences between equity and index options in the “Term of the Week.”

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