And that will do it for the month of April… As has been the norm in recent history, it was a relatively quiet month at CME Group. In fact with the exception of Corn and Natural Gas, all the products we looked at ended the month at lower implied volatility levels than they started (although Soybeans is a bit misleading since it ended the month at 23% but traded as low as 16% earlier in April). Examining the chart below that we compiled using QuikStrike data, the following stands out:
So, even though April was relatively quiet, we all know how fast volatility conditions can potentially change so we’ll be back on Monday to see what May brings! Don’t forget about the launch of the Micro Bitcoin futures contract on Sunday evening! Have a great weekend!