First Week Of 2021 In Review

By Craig Bewick
JAN 08 2021

Well, that’s one way to start a new calendar year… after a week full of both market and political volatility, we’ve used QuikStrike data to summarize the first week of 2021 in a format that should be familiar to regular In FOCUS readers.  Of note,

  • Despite that the net price change on the week in the E-mini S&P 500, Nasdaq-100 and Gold futures was near flat, there was significant price movement to get there
  • WTI Crude Oil prices have continued to rise though the out of the money Puts were bid relative to the Calls
  • US Bond futures prices fell by over 4 points resulting in an implied yield increase from 1.2% to 1.4% presumably on the belief that the US Government will continue to issue increasing amounts of debt
  • Soybean prices and volatility continue to rise significantly
  • And of course Bitcoin continues its “parabolic” rally; up 40% while 30-day implied volatility has risen to 144%!

We hope you have a great weekend and we’ll see you next week!

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. 

After 8.5 years with WH Trading LLC, Craig returned to CME Group as the Director, Client Development and Sales, working to educate and promote futures trading. Craig currently writes for InFocus Options Corner.

Connect with Craig at activetrader@cmegroup.com

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