Question Of The Day - Win A Gift Certificate

By Craig Bewick
MAR 30 2021

US Equities were mixed again today though, as opposed to yesterday when the Russell 2000 led declines, it was the only major index that was higher today.  Implied volatility in the Russell 2000 options market declined today and was near steady in the other major indexes. 

Commodity markets at CME Group were largely lower today including the following:

  • Corn futures prices down 1.7%
  • Wheat futures prices down 2.6%
  • WTI Crude Oil futures prices down 2%
  • Gold futures prices down nearly 2%
  • Silver futures prices down 3%

Meanwhile, the US Dollar was higher against most major currencies at CME Group while the longer term Treasury yields declined after hitting rising earlier in the day. 

With today’s decline in Gold futures prices, it is now approaching 1-year lows as you can see in the orange line in the QuikStrike graph below.  The blue line shows that 30-day implied volatility in the Gold options rallied off of 1-year low levels as well. 

Finally, we gave the second March Question of the Day Bitcoin-related in recognition of the exciting announcement today that CME Group would be launching a Micro Bitcoin futures contract!  Be sure to answer the question for a chance to win a gift certificate. 

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

Back to top

STAY IN THE KNOW

Get the latest updates with InFOCUS.
Futures & Options trends and insights for active traders.