Focus On Silver Volatility

By Craig Bewick
SEP 29 2020

US Equity Indexes struggled to find direction today, ultimately closing slightly lower ahead of what at least feels like the most anticipated Presidential debate that I can remember.  Implied volatility in the Equity Index options at CME Group were similarly little changed. 

Other markets at CME Group were a bit more active as Gold futures prices were up by about 1%, Silver by about 3.4% and WTI Crude Oil prices down by about 4%.  With today’s price move in Silver, it is now up by over 8% since 9/25.  With the price move Silver Calls continue to gain relative to Silver Puts as you can see in the QuikStrike graph below. 

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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