Micro Bitcoin Trading Challenge

By Craig Bewick
MAY 26 2021

With a couple of trading days left until the unofficial beginning of summer with this weekend’s Memorial Day holiday, CME Group financial and commodity markets were relatively quiet today.  At the time of this writing in late afternoon trading, the following daily net changes are indicative of how quiet the markets were today:

  • WTI Crude Oil futures price was up .14%
  • E-mini S&P 500 futures price was up .15%
  • E-mini Nasdaq-100 futures price was up .29%
  • US Treasury Bond futures price was down .1%
  • Gold futures price was down .15%

Implied volatility in the options markets in these products was largely down as well. 

Cryptocurrencies continue to see volatile price action.  Bitcoin (and Micro Bitcoin) futures traded in a 3,000 point range today and Ether futures traded in a 360 point range.  Though the price action remains volatile, implied volatility in the Bitcoin options markets has come off of recent highs.  As you can see in the QuikStrike graph below, 30-day implied volatility, while still extraordinarily high relative to many CME Group products, has fallen from about 120% to under 100%. 

And speaking of cryptocurrency futures, CME Group is hosting a Micro Bitcoin trading challenge during which you can learn and test your trading skills in a simulated environment.  Please click here for more information and to register.   

 

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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