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:
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.