Mid-November Check In

By Craig Bewick
NOV 12 2021

As we approach the midway mark in November, US Equities rose modestly today to finish out the week.  As we often do on Fridays, we used QuikStrike data to recap the price and volatility moves we’ve seen over the first couple weeks of November in some of CME’s major products.  Some month-to-date highlights include:

  • Equity Index prices have risen a bit but, interestingly, so has implied volatility in the options markets
  • Gold futures prices are up 5% and implied volatility in the options is up 3%, coinciding with recent inflation reports
  • The Euro FX is down about 1% versus the US Dollar
  • Natural Gas futures price is down but remains at a historically high level, as does implied volatility in the options

While it’s not featured in the image below, we thought it would be remiss in our recap not to mention that the price of Wheat futures is up by over 16% since the end of September and is trading at levels we last saw at the end of 2012. More on this next week.

Have a wonderful November weekend and we’ll see you on Monday. 

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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