Key Takeaways With Craig

By Craig Bewick
SEP 14 2020

US Equities rose to begin the week, this time led by the small-cap Russell 2000 which was up by over 2%.  In other CME Group markets, commodities products such as WTI Crude Oil and Agricultural futures prices were little changed while Gold and Silver rallied.  US Treasury futures prices were mixed with the short end of the curve down slightly (higher rates) and the longer end rallied in a bit of a flattening move. 

We’ve seen implied volatility in the options markets of all four major US Indexes come down from the short spike we saw associated with the stock market price break at the beginning of September.  While 30-day implied volatility in the Nasdaq-100 options remains just slightly higher than the average closing level since the beginning of 2020, that of the Russell 2000, which again was up over 2% today, remains below that average level as you can see in the QuikStrike graph below.  Remember, CME Group lists both E-mini Russell 2000 and Micro E-mini Russell 2000 futures contracts. 

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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