3Rd Quarter Look-Back

By Craig Bewick
SEP 30 2021

Well that was quite an end to what began as a relatively quiet quarter.  With Q3 now behind us, we took a look back at net price and volatility changes in some of CME’s major products over the last 3 months. 

  • With the recent sell-off, E-mini S&P 500 and Nasdaq-100 wound up near where they were at the end of Q2 but volatility in the options markets is much higher
  • After a price decline in Mid-August, WTI Crude Oil is trading near the top of the 3-month range. 
  • Euro FX futures are down nearly 2.5% against the US Dollar and volatility in the options market has declined as well
  • CME Grains market prices have declined considerably, but from historically high levels, as we wrote about extensively here in Key Takeaways.  Volatility in the options has fallen sharply as well.
  • Natural Gas prices, as we’ve written about frequently here recently, are at historically high levels, as is volatility levels in the options markets

So, with everything going on with the US and Global economies, negotiations on “The Hill” and other events around the world, we turn toward the final quarter of 2021 and we’ll be here reporting on CME Group market action. 

ABOUT THE AUTHOR

Craig Bewick has spent 25 years in futures and options markets, starting at CBOT and CME working in risk management, regulatory, technology, product management and client development. 

Connect with Craig at activetrader@cmegroup.com

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