Mid-February Check-In

By Craig Bewick
FEB 12 2021

US Equity markets remained relatively quiet today to finish off the week.  Notable price moves at CME Group today include WTI Crude Oil futures which were up another 2.4% to near $60 per barrel and the long end of the US Treasury yield curve where prices declined and yields increased.  As we head into the Valentine and President’s day weekend, which also marks the midway point in February, we’ve used QuikStrike data to recap the Month to Date price and volatility changes in a format that In FOCUS readers should be accustomed to.  Some highlights include:

  • WTI Crude Oil future prices reached a 12 month high
  • After today’s decline in the US Bond futures price, the implied yield has risen by about 12 basis points this month
  • Natural Gas futures price is up 14% (not surprising to anyone living in the Chicago area which has been blasted with arctic temperatures) and the out of the money Calls are trading at a relatively high premium to Puts according to the Risk Reversal

In observance of the President’s Day holiday, we will not be publishing In FOCUS on Monday.  We hope all of our readers enjoy the winter weekend and we’ll see you on Tuesday!

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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